Whether you are looking for a successor for your company, want to sell your company, are looking to acquire a company, or want to start your own business in the context of an MBI/MBO – ETL Bodensee Group is pleased to assist and advice you throughout this important entrepreneurial process.
With ETL Bodensee M&A, we bundle the entire know-how of the ETL Bodensee Group in the business areas of tax advice, auditing, legal advice, and mergers & acquisitions.
ETL Bodensee M&A is the contact point for a diverse range of client groups regarding corporate transactions in the Lake Constance region and beyond.
We advise our clients at our locations in Friedrichshafen, Lindau, Ravensburg, and Munich. We support you from the very first idea: From strategy definition, via structuring of the process, identifying potential buyers/sellers, organization/performance of detailed reviews and management talks, all the way to the successful arrangement of contract negotiations and contracts.
Why ETL Bodensee M&A? What sets us apart
Throughout the entire process, specialists in the areas of M&A, tax, auditing and law are required.
The ETL Bodensee Group offers you a service that also generates significant added value in the process flow , as we are able to provide our clients with all services relevant to the respective transaction as a one-stop solution, and thus in a coordinated, efficient, and flexible manner.
Our goal is to work with you to achieve maximum success in the intended transaction, both personally and financially, while allowing you to keep your focus on your daily operations.
We have demonstrated that we stand for:
- High quality, interdisciplinary, and integrated service portfolio
– Everything you need for a successful transaction from a single source
- As a result, we have shorter response times and we are more efficient and flexible overall
- Flexible modeling we lead transactions to success even in deadlocked situations.
- As a local commercial law firm for you on site, with an excellent regional network and part of international consulting groupETL AG.
What is your objective?
You intend to sell your company or parts of it?
Our team has the relevant transactional experience and supports you reliably in the preparation and implementation of company sales and carve-outs.
Our task in this is to keep risks to a minimum and to turn opportunities into successes through well-prepared and strategically structured sales processes.
We adapt our range of tasks to your needs and, if you so wish, will accompany you along the entire path from target / strategy definition, transaction modeling, preparing pertinent documents, selecting suitable buyers, transaction implementation to contract negotiations / contract arrangement (sales and purchase agreement (SPA)). Thus, what is going on at any one time will always be fully transparent to you.
From start-ups to medium-sized companies, we are the partner by your side who delivers with know-how, industry expertise as well as an interdisciplinary service portfolio on site.
You would like to invest and are looking for a suitable company?
Companies can sustainably create added value through strategic acquisitions. However, purchasing a company is, at the same time, one of the most risky decisions a company can make.
Our task is to furnish you with as much information as possible to make this risk calculable. We create a reliable basis for your decision through a comprehensive due diligence, comprising a careful examination of all relevant factors.
Together, we execute the appropriate tax and legal structuring of the company acquisition.
If you so wish, we will assist and advise you throughout the entire transaction process. I.e., from defining the acquisition target, identifying potential takeover objects (targets), due diligence to contract negotiations / contract arrangement (sales and purchase agreement (SPA)), signing and closing.
Services & Solutions
Company valuation / Integrated financial models:
Within the framework of entrepreneurial initiatives, the following core questions arise: What is the value of the company based on an integrated business plan? Which price pays off for buyers and which for sellers? What is the expected cashflow and is there a financing requirement based on this?
ETL Bodensee M&A supports you in answering all questions concerning the value of your company.
The extent of the analysis depends on the reason for the evaluation and the circumstances, such as access to information and time.
Depending on the reason, the company valuation is carried out in the form of an initial value indication, a value calculation or an extensive report using various methods (e.g. pursuant to the IDW (Institute of Public Auditors Germany) or the International Valuation Standards). As a basic principle, future cash flows are discounted at a suitable discount rate. The results are then compared with the current market estimates based on multiples.
By using integrated finance models, we enable long-term corporate planning, the assessment of investments and transactions, the management of business units, as well as other strategical decisions.
Our aim is to deliver the necessary transparency for your business decisions with our valuation and modelling services.
Our team of specialists from all business sectors analyse the economic, financial, organisational, fiscal and legal circumstances – on a national, international and multidisciplinary basis.
Our offer is comprehensive and tailored to your needs for each individual step of the transaction
Whether it be buying or selling, a thorough analysis of the key financial figures (financial due diligence) is a central component of every successful transaction. Financial due diligence focuses on information acquisition and the identification of opportunities and risks (upside/downside potentials). This applies irrespective of whether the due diligence is carried out by order of a potential buyer (so-called buy-side due diligence) or of a seller (also known as vendor due diligence).
The review of relevant information is carried out in close collaboration with you and is tailored in both scope and style to your transaction.
We support you on the seller side by:
- Sales preparation (vendor assistance) with the modules exit readiness review, information memorandum, financial fact book and the data support room
- As well as vendor due diligence – in comparison to the information memorandum or the financial fact book, this goes deeper into the analysis and the data prepared by us
We support you on the buyer side by:
- • Red flag reports (exclusion of deal breakers)/selective focus reports (analysis of sub-sections), buy-side due diligence reports. Our offer to you includes the following core services:
- A meaningful analysis of the company to identify the essential value drivers and the decisive success factors
- Working capital analyses, cash flow statements, net dept and quality of earnings analyses, CAPEX (expansion and maintenance)
- Persuasive structuring of the arguments for purchase price negotiations
The fiscal structuring of a corporate transaction plays a vital role for the financial success of the project.
The aim of a tax due diligence is thus to analyse and evaluate the tax opportunities and risk associated with the transaction.
An extensive due diligence costs time and money, therefore, we offer you a two-stage process. In order to give you a first overview of the target company, we offer you a so-called red flag/selective due diligence. This excludes the most important deal breakers directly at the beginning of the M&A process. In the second stage of the process, the extent of the economic risks is then determined as accurately as possible with regard to the purchase contract negotiations.
We coordinate the scope of our investigations each time with our clients according to their needs.
Our consultation begins in the run-up to the transaction with the implementation of the legal due diligence and also includes the conception and planning of a company acquisition or sale. During the implementation phase, we represent you in the contractual negotiations and prepare the complete documentation. We accompany you throughout the entire process: from the due diligence through to the closing and beyond – including the integration of companies or parts of companies.
We assist you with the following questions in particular:
- Structural considerations
- Non-disclosure agreements
- Preparatory arrangements
- Letter of intent / memorandum of understanding
- Preparing and handling necessary (purchase) contracts and other documents
- Choice between a purchase price adjustment by means of a completion accounts mechanism or a “locked box” fixed price mechanism
- Structuring the purchase price adjustment agreement and determining the working capital or net asset reference values
- Contractual definitions and related specific accounting rules for completion accounts
- Structuring of the “locked box” mechanism and necessary preparation on the seller’s side
- Adequate warranties with regard to the price-determining balance sheet (completion accounts or locked box balance) and any other information and matters relevant to the valuation
- Adequate safeguards with regard to the fiscal relationship of the target company
- Arrangement of earn out regulations
- • Effective prevention against litigious disputes
Mergers & Acquisitions
Whether it be company acquisitions, company sales or carve outs, ETL Bodensee M&A is your partner in all phases of the transaction (so-called lead advisory). We develop individual strategies together with you and successfully implement your transaction.
Our tailor-made consulting service and the involvement of specialists from a wide range of disciplines guarantee our clients a targeted and expeditious execution of their transaction.
We support companies, owners and management through the entire transaction process and ensure professional and thorough process management.
Our tasks range from the preparation of the transaction, modelling/structuring of the transaction, valuation, preparation of appropriate sales documentation (fact book, information memorandum), identification and approach of suitable target companies or investors (longlist/shortlist), organisation of due diligence and support in contract negotiations to the closing of the transaction process.
The involvement of the global ETL network offers our clients the benefit of an international collaboration with cross border deals, both within Europe and oversees.
The integration into the worldwide ETL network offers our clients the advantage of international cooperation in cross-border deals, both within Europe and overseas.
Our interdisciplinary range of services is your strength: we work hand in hand with our legal, tax and audit colleagues to assist you with all queries that go beyond the basic mergers & acquisitions process.
Specialists in the areas of M&A, tax, auditing and law are required throughout the entire process.
Transaction Structuring & Valuation
Managing Director ETL Bodensee Mergers & Acquisitions GmbH
Lawyer, Tax Consultant
ETL Bodensee Gruppe
Managing Director ETL Bodensee
Transaction Models / Tax
Transaction Models / Tax
Managing Director ETL
Phone & E-Mail
Managing Director ETL Bodensee Mergers & Acquisitions GmbH
Certified Valuation Analyst (CVA)
Telefon +49 7541 9361-1720
Phone: +49 7541 / 9361 – 0
Fax: +49 75 41 / 9361 – 1090
Monday till Friday
08.00 Uhr – 12.45 Uhr
14.00 Uhr – 17.00 Uhr
08.00 Uhr – 12.45 Uhr
13.30 Uhr – 15.00 Uhr
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