References

References

Our success speaks for itself. For more than 10 years, renowned customers from a wide variety of industries have been convinced by ValueTrust. They trust us and our solution-oriented, independent and partnership-based financial advice.

Our senior personnel and employees have gained experience during the course of their careers for ValueTrust and other employers in the following projects:

Grafik

Strategic Value &
Portfolio Management

Reflect
values

Waage

Dispute &
Arbitration

Identify
patterns

RechnerPfeil

Restructuring &
Reorganisation

Create
structures

Hands_Full

Corporate
Transactions

Adopt new
perspectives

Strategic value & portfolio management

IPO Advisory

Financial Advisor to

in the context of its initial public offering

 

Provided IPO and exit readiness advice to the CFO and management of HENSOLDT throughout all IPO phases

Carve-out Advisory

Lead Carve-out Advisor to

on the carve-out and sale of its Swiss tower business (Swiss Towers AG)

 

Provided feasibility assessment of the transaction and provided project management services throughout the carve-out phase

Management Equity Program

Financial Advisor to

on the implementation of a MEP at

 

Provided valuation services for tax purposes

Value Management

Financial Advisor to

on the assessment of its value-based management system and target setting

 

Provided a review of the current value-based management system and target setting based on CFROI

Value Management

Financial Advisor to

on the introduction of a new license management tool

 

Provided analysis, validation and implementation of a complex, inter-divisional license management tool

Value Management

Financial Advisor to

Hochtief Logo

on the development of a value-based controlling concept

 

Provided development of concepts for business planning and target setting

Value Management

Financial Advisor to

T-Mobile Logo

on the development of a value-based controlling concept

 

Provided development of concepts for spending guidelines and investment controlling

Value Management

Financial Advisor to

on the development of a value-based controlling concept

 

Provided development for spending guidelines and investment controlling

Value Management

Financial Advisor to

Verbund Logo

on the development of a value-based controlling concept

 

Provided development of a value-based concept for target setting

Strategic Value Analysis

Financial Advisor to

on the evaluation of strategic options regarding a joint venture

 

Provided company and business plan analysis as well as valuation services

Strategic Value Analysis

Financial Advisor to

on the evaluation of its strategic options regarding a business unit

 

Provided company and business plan analysis as well as valuation services

Strategic Value Analysis

Financial Advisor to

EQT Logo

on the evaluation of a strategic option for

CBR Fashion Group Logo

 

Provided valuation analysis in connection with the proposed transaction

Strategic Value Analysis

Financial Advisor to

ValueTrust ProSiebenSat.1 SE

on the valuation of programming assets

 

Provided strategic valuation advisory on programming assets

Cost of Capital Analysis

Independent expert to

on the conceptual derivation of the cost of capital with regard to

 

Provided financial advice related to the evaluation of strategic options

Cost of Capital Analysis

Financial Advisor to

on the optimisation of the capital structure

 

Provided analysis of the implications of a potential special dividend on cost of capital, company rating and financial as well as solvency ratios

Cost of Capital Analysis

Financial Advisor to

on the analysis of their controlling concept

 

Provided a review of cost of capital and capital employed

Cost of Capital Analysis

Financial Advisor to

on the analysis of their controlling concept

 

Provided a review of cost of capital and capital employed

CFO Advisory

Financial Advisor to

Unternehmenstransaktion, Expertise, Fairness Opinion

on the business planning and the evaluation of strategic options

 

Provided strategic value analysis

Dispute & Arbitration

Commercial Dispute

Financial Advisor to

a provider of marine defense solutions

on the dispute with a former cooperation partner

Provided economic analysis and valuation services in connection with the arbitration proceedings under DIS rules

Squeeze-out Dispute

Financial Advisor to

leading international insurance company

on the legal challenge (Spruchverfahren) of the company valuation

 

Provided valuation and financial advice related to the dispute

Squeeze-out Dispute

Financial Advisor to

a leading international software company

on the legal challenge (Spruchverfahren) of the company valuation

 

Provided valuation and financial advice related to the dispute

Squeeze-out Dispute

Financial Advisor to

a leading international pharmaceutical company

on the legal challenge (Spruchverfahren) of the company valuation

 

Provided valuation and financial advice related to the dispute

Court-appointed expert

Independent court-appointed expert

on the legal challenge (Spruchverfahren) of the squeeze out valuation of

a leading German retail bank

 

Provided an independent view to the court regarding the valuation

Court-appointed Expert

Independent court-appointed expert to

a leading German retail bank

on the legal challenge (Spruchverfahren) of the valuation

 

Provided an independent view to the court regarding the valuation

Court-appointed Expert

Independent court-appointed expert

on the legal challenge (Spruchverfahren) of the valuation of

a leading German universal bank

 

Provided an independent view to the court regarding the valuation

Court-appointed Expert

Independent court-appointed expert

on the legal challenge (Spruchverfahren) of the valuation of

a leading Austrian universal bank

 

Provided an independent view to the court regarding the valuation

Merger Dispute

Financial Advisor to

a leading international consumer packaging company

on the legal challenge (Spruchverfahren) of the company valuation

 

Provided valuation and financial advice related to the dispute

Post-M&A Litigation

Financial Advisor to

a leading European power transmission company

on the purchase price dispute

 

Provided economic analysis and valuation services in connection with the ICC arbitration proceedings

Party-related Expert Opinion

Financial Advisor to

a law firm

on the dispute with

 a regulator


Provided an expert opinion in connection with the determination of the cost of equity

Independent Expert

Financial Advisor to

a leading global semiconductor producer

on the purchase price dispute

 

 

Provided valuation and financial services related to the dispute

Court-appointed Expert

Independent court-appointed expert to

a leading global recycling company

on the legal challenge (Spruchverfahren) of the valuation

Provided an independent view to the court regarding the valuation

Independent Expert

Independent expert to

a South-German bank

on the dispute with an Austrian bank

 

 

Provided valuation and financial advice related to the dispute

Restructuring & Reorganisation

Financial Restructuring Valuation

Financial Advisor to

on the financial restructuring

 

Provided valuation services acc. to IDW S 1
in connection with dept-to-equity swaps

Financial Restructuring Valuation

Financial Advisor to

on the financial restructuring by way of insolvency plan as debtor in possession

 

Provided valuation services acc. to
IDW S1 and DVFA

Financial Restructuring Valuation

Financial Advisor to

on the financial restructuring by way of insolvency plan as debtor in possession

 

Provided valuation services in connection with a debt-to-equity swap

Financial Restructuring Valuation

Financial Advisor to

on the financial restructuring by way of insolvency plan as debtor in possession

 

Provided valuation services acc. to IDW S1 and required business planning in connection with a debt-to-equity swap.

Financial Restructuring Valuation

Financial Advisor to

on the financial restructuring

 

Provided valuation services in connection with a debt-to-equity swap

Financial Restructuring Valuation

Financial Advisor to

on the financial restructuring of

 

Provided valuation services in connection with the restructuring

Financial Restructuring Valuation

Financial Advisor to

Senior & Mezzanine Lending Committees

on the financial restructuring of

 

Provided valuation services in connection with the restructuring

Financial Restructuring Valuation

Financial Advisor to

the Mezzanine Lenders

on the financial restructuring of

 

Provided valuation services in connection with the restructuring

Financial Restructuring Valuation

Financial Advisor to

ValueTrust ProSiebenSat.1 SE

on the financial reorganisation

 

Provided valuation services in connection with the reorganisation

Financial Restructuring Valuation

Financial Advisor to

on the financial restructuring of

Media Broadcast Logo

 

Provided valuation services in connection with a debt-to-equity swap

Carve-out Advisory

Lead Financial Advisor to

on the carve-out and the intended sale of the German tower business

 

Provided support of the project management office and coordination of the carve-out process

Carve-out Valuation

Financial Advisor to

on the carve-out of IVG’s Institutional Funds business and IVG’s Caverns business

 

Provided valuation services acc. to IDW S1 and DVFA

Carve-out Valuation

Financial Advisor to

on the spin-off of

 

Provided valuation services acc. to IDW S1

Tax Valuation

Financial Advisor to

on the acquisition of

 

Provided a valuation analysis to determine hidden reserves of selected group entities

Tax Valuation

Financial Advisor to

on the integration of German Schering-Plough entities

 

Provided valuation services acc. to IDW S1 in connection with the integration

Tax Valuation

Financial Advisor to

on the internal reorganisation

 

Performed a company valuation acc. to IDW S1 for a subsidiary for tax purposes

Tax Valuation

Financial Advisor to

on the acquisition of

 

Provided valuation services for tax purposes

Tax Valuation

Financial Advisor to

General Electronic Logo

on the reorganisation of

GE Water Technologies
Deutschland GmbH

 

Provided valuation services in connection with the reorganisation

Tax Valuation

Financial Advisor to

Tyco Logo

on the internal reorganisation of its European group structure for tax purposes

 

Provided valuation services acc. to IDW S1 in connection with the reorganisation

Tax Valuation

Financial Advisor to

Essex Pharma Logo

on the merger with

 

Provided company valuations acc. to IDW S1

Fairness Opinion

Financial Advisor to

on the proposed restructuring of certain equity and debt instruments

 

Provided a fairness opinion in connection with the recapitalization

Fairness Opinion

Financial Advisor to

on the acquisition of its remaining shares through Sun European Partners, LLP following the restructuring of its parent company

 

Provided a fairness opinion in connection with the transaction

Fairness Opinion

Financial Advisor to

on the recapitalization of

 

Provided a fairness opinion on the related-party transaction

Corporate Transactions

Valuation Advisory

Financial Advisor to

on the acquisition of

Provided a valuation memorandum in connection with the contribution in kind in acc. with IPEV guidelines

Sell-side Advisory

Exclusive Financial Advisor to on its strategic partnership with and voluntary public takeover offer byAnnounced: 2022
Value: EUR 0.4 bn

Fairness Opinion

Financial Advisor to on the sale of its European and US businesses toAnnounced: 2022
Value: n/a

Sell-side Advisory

Exclusive Financial Advisor toon the strategic review of CANCOM UK&I to

Announced: 2021
Value: EUR 0.4 bn

 

Fairness Opinion

Financial Advisor toin the context of its
public takeover offer by

Provided a Fairness Opinion to     
Management  Board in connection with
the joint statement acc. to sec. 27 WpÜG

 

Fairness Opinion

Financial Advisor toin context of merging the development activities of certain biosimilar assets withProvided a fairness opinion in the context of Formycon´s capital increase by contribution in kind and issuance of new shares

Fairness Opinion

Financial Advisor to

on the sale of its WCS unit
Leoni Schweiz AG
to a consortium of buyers

 

Provided a fairness opinion to the Board of
Directors of Leoni AG  in accordance with
DVFA Standards

 

Fairness Opinion

Financial Advisor toon the acquisition of

Provided a Fairness Opinion
on the adequacy of the exchange ratio
offered for Lavego shares

 

 

Public Takeover

Independent Expert (OFAC clause) to
Warwick Holding GmbH, an indirect wholly-owned subsidiary of funds advised by

on the course of the public zake over of

 

Provided independent assessment regarding the occurrence of the closing condition “OFAC Sanctioned Party Compliance”

Fairness Opinion

Independent Advisor to

on the voluntary public
takeover offer by

UPC Schweiz GmbH

 

Provided an independent public fairness opinion in accordance with the requirements of the Swiss Takeover Board

Fairness Opinion

Financial Advisor to

on the sale of its key real estate projects and the associated platform to

 

Provided a fairness opinion in connection with the transaction

Fairness Opinion

Financial Advisor to

in the context of its EUR 1.1 bn public takeover by

 

Provided a fairness opinion to the executive and supervisory board in connection with the joint statement acc. to sec. 27 WpÜG

Fairness Opinion

Financial Advisor to

on the global assignment and co-development agreement with

 

Provided fairness opinion services in connection with the transaction

Fairness Opinion

Financial Advisor to
the management board of Telefónica Deutschland

Unternehmenstransaktion, Expertise, Fairness Opinion

on the carve-out and sale of wireless towers to Telxius Telecom S.A.

 

Provided a fairness opinion and assistance to the project management office

Fairness Opinion

Dependent Valuation Expert to

on the proposed public tender offer by

 

Provided fairness opinion services in connection with the proposed offer acc. to Belgian takeover law

Fairness Opinion

Financial Advisor to

on the acquisition of

Unternehmenstransaktionen, GAGFAH, ValueTrust, Partner

 

Provided a fairness opinion in connection with the transaction

Fairness Opinion

Financial Advisor to

on the acquisition of

 

Provided a fairness opinion in connection with the transaction

Fairness Opinion

Financial Advisor to

on the public tender offer by

 

Provided a fairness opinion to executive and supervisory board in connection with the joint statement acc. to sec. 27 WpÜG

Fairness Opinion

Financial Advisor to

on the recapitalization of

 

Provided a fairness opinion in connection with the transaction

Fairness Opinion

Independent Valuation Expert to

on the acquisition of a portfolio of about 1.100 residential units in core markets

 

Provided a fairness opinion in connection with the transaction

Fairness Opinion

Financial Advisor to

on the proposed transaction

Provided a fairness opinion in connection with the transaction

Buy-Side Advisory

Financial Advisor to

SOSTNT Luxembourg S.à r.l.

on the acquisition ofshares in

 

Provided buy-side services in connection with the acquisition

Buy-Side Advisory

Financial Advisor to

Thursday Holding Ltd.

on the acquisition of 74.9% in

 

Provided buy-side services in connection with the acquisition

Buy-Side Advisory

Financial Advisor to

on the proposed acquisition of a Malaysian rubber company

 

Provided valuation services in connection with the proposed acquisition

Buy-Side Advisory

Financial Advisor to

ValueTrust ProSiebenSat.1 SE

on the acquisition of

 

Provided company valuation and due diligence services

Buy-Side Advisory

Financial Advisor to

an investor

on the acquisition of a share in

 

Provided business plan review and SPA advise

Buy-Side Advisory

Financial Advisor to

ValueTrust ProSiebenSat.1 SE

on the acquisition of

 

Provided company valuation and due diligence services

Buy-Side Advisory

Financial Advisor to

on the proposed acquisitions within the renewable energy industry

 

Provided company and business plan analysis as well as valuation services

Buy-Side Advisory

Financial Advisor to

Unternehmenstransaktion, Expertise, Fairness Opinion

on the acquisition of

Provided strategic value advice and risk assessment

Domination and Profit or Loss Transfer Agreement

Financial Advisor to

on the DPLTA between Nidda Healthcare GmbH and STADA Arzneimittel AG

Provided IDW S1 valuation and determined reasonable bandwidths for the compensation and the recurring compensation payment

Domination and Profit or Loss Transfer Agreement

Financial Advisor to

on the DPLTA between Nidda Healthcare GmbH and STADA Arzneimittel AG

 

Provided IDW S1 valuation and determined reasonable bandwidths for the compensation and the recurring compensation payment

Domination and Profit or Loss Transfer Agreement

Financial Advisor to

on the DPLTA between Nidda Healthcare GmbH and STADA Arzneimittel AG

Provided IDW S1 valuation and determined reasonable bandwidths for the compensation and the recurring compensation payment

Valuation Opinion

Financial Advisor to

on the proposed transaction between Clariant AG and Saudi Basic Industries Corporation (SABIC)

Provided a valuation opinion in connection with the proposed transaction

Valuation Opinion

Financial Advisor to

on the proposed non-cash capital increase in kind

 

Provided an IDW S 1 valuation and determined a range for the reasonable compensation (exchange ratio)

Valuation Opinion

Valuation expert to the management board of

on the acqusition of

1&1, Partner, Drillisch, ValueTrust, Unternehmenstransaktionen

 

Provided a valuation opinion in connection with the contribution in kind and assessed the appropriateness of the proposed exchange ratio

Domination Agreement

Financial Advisor to

on the domination agreement with

 

Provided an IDW S1 valuation and assessed the reasonableness of the determined compensation in TLG shares and the guaranteed dividend

Domination Agreement

Financial Advisor to

on the domination and profit and loss transfer agreement with

SAG Beteiligungs GmbH

 

Provided advice to the management in connection with the company valuation acc. to IDW S1 as well as with the preparation of the AGM

Merger Valuation

Financial Advisor to

Nordenia Holdings AG, now Mondi

on the acquisition of

 

Provided an IDW S1 valuation and determined the cash compensation

Squeeze-out

Financial Advisor to

Nidda Healthcare GmbH

on the squeeze-out of the minority shareholder of

STADA Nidda Healthcare Squeeze-Out

 

Provided IDW S 1 and DVFA valuations and determined reasonable bandwidths for the cash compensation

Squeeze-out

Financial Advisor to

on the squeeze-out of the minority shareholder of

 

Provided a valuation according to IDW S 1 and determined the cash compensation

Squeeze-out

Financial Advisor to

Concrete Holding I

on the squeeze-out of

 

Provided a valuation according to DVFA recommendations as well as IDW S 1 and determined the cash compensation

Squeeze-out

Financial Advisor to

on the acquisition of

 

Provided an IDW S1 valuation and determined the cash compensation

Impairment Testing

Financial Advisor to

on the impairment testing

 

Provided financial review services for impairment testing

Impairment Testing

Financial Advisor to

on the impairment testing processes and tools

 

Provided advice to the accounting department regarding impairment testing topics acc. to IFRS and HGB

Impairment Testing

Financial Advisor to

ValueTrust ProSiebenSat.1 SE

on the impairment testing processes and structures

Provided development and implemented a impairment testing process and tools

 

JV Valuation & Purchase Price Allocation

Financial Advisor to

on the merger of their Orange UK and T-Mobile UK activities into a joint venture

 

Provided valuation services in connection with the transaction

JV Valuation & Purchase Price Allocation

Financial Advisor to

on the merger of their Orange UK and T-Mobile UK activities into a joint venture

Provided valuation services in connection with the transaction

Purchase Price Allocation and Impairment Testing

Financial Advisor to

on the purchase price allocation and its annual impairment testing process

 

Provided valuation services to the management of Hensoldt and developed and implemented impairment testing processes and tools

 

Purchase Price Allocation

Financial Advisor to

on various acquisitions

Provided valuation services in connection with the transaction

Minimum Value Certification

Financial Advisor to

on the acquisition of

Provided a conduct formation audit in acc. with German Stock Corporation Act (AktG) and issued minimum value certification

Minimum Value Certification

Financial Advisor to

on the financial restructuring by way of insolvency plan as debtor in possession

Provided minimum value certifications for 31 legal entities