IFBC was assigned by Swiss Post to develop a standardized model for the valuation of acquired customer bases in order to be able to recognize these intangible assets in the balance sheet in accordance with IFRS. The valuation methodology used in the model takes into account both the requirements defined by IFRS in this context as well as the best practice for the valuation of intangible assets. The standardized model structure ensures that the Excel-based model is highly efficient and user-friendly.
The Swiss Post is Switzerland’s national postal provider. In addition to traditional postal services, the group provides logistic, transport, communication as well as retail banking services.
IFBC was engaged by Swiss International Air Lines (SWISS) to determine the fair market value of selected trademark rights from the perspective of an independent third party. In addition to the evaluation of word and figurative trademarks, a comprehensive portfolio of registered domain names had to be analyzed and evaluated.
Swiss International Air Lines is the airline of Switzerland. From Zurich and Geneva, over 100 destinations in 44 countries are served worldwide. With a fleet of around 90 aircrafts SWISS carrys around 18 million passengers a year.
IFBC was engaged by Die Schweizerische Post to review and further develop the model for the annual goodwill impairment tests and the correspondingly determined cost of capital. The key component of the cost of capital assessment was focusing on the alignment with the cost of capital concept which was previously developed in collaboration with IFBC in the context of a value-based performance measurement.
Die Schweizerische Post is Switzerland’s national postal provider. In addition to traditional postal services, the group provides logistic, transport, communication as well as retail banking services.
On 8 November 2019, cashgate AG (“cashgate”) announced the sale of its rental guarantee business currently operating under the brand “SmartCaution” to a group of real estate management companies.
IFBC acted as a sole M&A advisor to cashgate within this successful sell-side transaction. As part of the transaction, IFBC developed a transaction structure, performed a valuation, organised the due diligence and assisted the selling company during the negotiation.
SmartCaution offers nationwide rental guarantee insurances for private and business clients with a focus on the Geneva and Lausanne region.
The mother company of cashgate, the Cembra Money Bank, is a Swiss financial institute listed on the SIX Swiss Exchange with a market capitalisation of around CHF 3.1 billion (November 2019).
IFBC was engaged as an independent valuation expert by the SCOR Group to determine the fair value of SCOR Switzerland AG as part of a restructuring process.
The SCOR Group is the fifth largest reinsurer in the world, offering insurance companies a diversified range of risk control and management solutions and services. The head office of the listed company is in Paris.
IFBC has advised BERNEXPO GROUPE as an exclusive financial advisor on the acquisition of Together AG and Talendo AG. As part of the transaction process, IFBC performed the valuation and the financial due diligence of the two companies, structured the whole transaction and assisted BERNEXPO GROUPE in the negotiations.
BERNEXPO GROUPE is a live marketing company that holds around 30 in-house and guest exhibitions a year, as well as more than 200 congresses and guest events.
In 2018, Swissport acquired Aerocare, the largest provider of ground handling services in Australia/New Zealand. IFBC was engaged to perform the Purchase Price Allocation in accordance with IFRS 3 and to summarise the results in an independent expert opinion for the attention of the auditor.
Swissport International Ltd. provides ground handling and cargo services in over 180 airports worldwide.
IFBC was mandated by Helsana to develop a concept for the further development of performance management together with the controlling department. Based on a review of the current set-up and the identification of improvement potentials, the focus was placed on the development of a value driver model, the further development of the target setting and planning processes as well as the improvement of reporting.
The Helsana Group is the leading health and accident insurance in Switzerland.
IFBC was engaged to review the existing value-based performance measure of Swiss Post, the so-called Post Value Added, in the sense of a second opinion. In addition to the calculation methodology and the periodic update mechanism, IFBC assessed the application of Post Value Added in financial management. In a further project step, IFBC determined the cost of capital rates for the various segments and for the group.
Die Schweizerische Post is Switzerland’s national postal provider. In addition to traditional postal services, the group provides logistic and transport services as well as solutions in mail and document processing.
SIX developed a new performance management approach in collaboration with IFBC. This supports a target based and efficient financial management. Based on financial management principles, a governance based on transparency was established, a new methodology for internal cost allocation was developed, reporting was revised and a significant simplification of processes was achieved.
SIX operates a competitive infrastructure for the Swiss financial center, catering to a broad, international client base. SIX provides services relating to securities transactions, the provision of financial information and cashless payment transactions.
IFBC supported MCH Group AG as its exclusive financial advisor and accompanied the company throughout its financing process. On the one hand, a listed debut bond of CHF 100 million with a term of five years was issued. On the other hand, bilateral credit lines were signed with the most important partner banks of the MCH Group AG.
MCH Group AG headquartered in Basel is a globally leading live marketing company with a comprehensive services network spanning the entire exhibition and event market.
IFBC was engaged by the board of QINO AG to prepare a Fairness Opinion assessing the public tender offer made by QINO Group Holding AG from a financial point of view. As a qualified evaluator pursuant to Article 30(6) Takeover Ordinance (TOO), IFBC is suitably qualified to prepare Fairness Opinions.
QINO AG is a Swiss investment company listed on the BX Berne eXchange.