On 27 January 2020, the leading Swiss digital agency Hinderling Volkart AG (“Hinderling Volkart”) announced that it will become part of the Dutch company Dept Holding B.V. (“Dept”). Hinderling Volkart from Zurich as well as the two subsidiaries Hinderling Volkart Bern and HV Italic from Basel are joining the internationally expanding Dept.
IFBC acted as exclusive M&A advisor to Hinderling Volkart during the entire transaction. Among others, IFBC performed a structured international buyer approach, developed the transaction structure, organized the due diligence and led the negotiations.
Hinderling Volkart is a multiple award-winning Swiss digital agency. Its approximately 60 employees work at three locations in Zurich, Bern and Basel for clients such as SwissRe, Edelweiss, Swiss and Switzerland Tourism.
IFBC was engaged by the board of directors of Meyer Burger Technology AG („Meyer Burger“) to prepare an independent Financial Opinion assessing the offer made by Süss MicroTec SE for the inkjet printing business (PiXDRO) from a financial point of view.
Meyer Burger is a globally active technology company specialized in systems and production equipment for the photovoltaic (solar), semiconductor and optoelectronic industries. The company is listed on the SIX Swiss Exchange and had a market capitalization of approximately CHF 270 million as of December 2019.
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.
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 by the board of directors of BFW Liegenschaften AG to prepare a Fairness Opinion assessing the public tender offer made by BFW Holding AG from a financial point of view. As a qualified evaluator pursuant to Article 30(6) Takeover Ordinance, IFBC is suitably qualified to prepare Fairness Opinions.
BFW Liegenschaften AG is a Swiss real estate company quoted on the SIX Swiss Exchange with a market cap of approx. CHF 150 million as of November 2019.
IFBC prepared a Fairness Opinion to the Board of Directors of the Swiss Federal Railways SBB to assess the offer for the 35% minority stake in SBB Cargo AG by Swiss Combi AG from a financial perspective.
The Swiss Federal Railways SBB is the national railway company of Switzerland organized in tree divisions: Passenger Traffic, Infrastructure & Real Estate and Cargo (SBB Cargo AG).
On 8 August 2019, the Investis Group announced the sale of its subsidiary Régie du Rhône SA, Lancy (Régie du Rhône), to Immoparticipation SA, Fribourg.
IFBC acted as an M&A advisor to Investis within this successful sell-side transaction. As part of the transaction process, IFBC performed a valuation, searched for suitable potential buyers, organised the due diligence and assisted the Investis Group during the negotiation.
Régie du Rhône offers real estate services mainly in the French-speaking part of Switzerland and generated a revenue of around CHF 20 million in 2018 with 155 employees.
Investis is a Swiss real estate company listed on the SIX Swiss Exchange with a market capitalisation of around CHF 900 million (August 2019).
IFBC exclusively acted as financial advisor to Erdgas Ostschweiz AG on the sale of its minority stake in SET Swiss Energy Trading AG as well as on the termination of existing contractual obligations with SET Swiss Energy Trading AG.
Erdgas Ostschweiz AG is one of five regional natural gas supply companies in Switzerland and has about 65 employees. The transport is environmentally friendly, mostly underground through the approximately 630 km long high-pressure natural gas network.
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.
IFBC was engaged by the board of directors of CEVA Logistics AG to prepare an Expert Opinion assessing the public tender offer made by CMA CGM S.A. from a financial point of view. Since the shares of CEVA Logistics AG shall remain listed after the public tender offer, the board of directors of CEVA Logistics AG has decided to prepare an Expert Opinion. This report differs from a traditional Fairness Opinion in terms of transparency, plausibility and comprehensibility.
CEVA Logistics AG is one of the world’s leading third-party logistics companies, offering a broad spectrum of services in both contract logistics and freight management. CEVA Logistics AG is listed on the SIX Swiss Exchange and had a market capitalization as of January 2019 of CHF 1.7 billion.
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.
Within the context of the succession of TERRATECH, IFBC was assigned as exclusive financial advisor by the shareholders. By selling TERRATECH to Anliker Group the mandate was successfully completed at the beginning of June 2017.
TERRATECH was founded around 30 years ago and has developed into a renowned construction company in the Canton of Zurich. With about 40 employees, TERRATECH provides its services, particularly in the fields of foundation engineering, dismantling and earthworks.