Detailed case studies of our work and a full list of our completed transactions in 2009 and 2010 are available upon request, and would be discussed on a case by case basis.
The current financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various industrial companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly; however in 2010 the valuation metrics have stabilised, and are back near their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 20.9%.
o EBITDA multiples (FY n+1) have decreased in average by 23.1%.
o EBIT multiples (FY n+1) have decreased in average by 21.1%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have increased in average by 3.5%.
o EBITDA multiples (FY n+1) have increased in average by 6.2%.
o EBIT multiples (FY n+1) have increased in average by 24.7%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 36.3%.
o EBITDA multiples (FY n+1) have increased in average by 47.9%.
o EBIT multiples (FY n+1) have increased in average by 41.6%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have increased in average by 7.2%.
o EBITDA multiples (FY n+1) have increased in average by 12.6%.
o EBIT multiples (FY n+1) have increased in average by 15.5%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European industrial company, the trend is as follow:
a) Number of deals between 2008 and 2009: -47.9%.
b) Number of deals between 2007 and 2008: -4.4%.
c) Number of deals between 2006 and 2007: +16.6%.
d) Number of deals between 2005 and 2006: +4.6%.
The financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various TMT companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly during that period; however in 2010 the valuation metrics have stabilised, and are back at their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 18.0%.
o EBITDA multiples (FY n+1) have decreased in average by 16.8%.
o EBIT multiples (FY n+1) have decreased in average by 15.5%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have decreased in average by 17.7%.
o EBITDA multiples (FY n+1) have decreased in average by 15.5%.
o EBIT multiples (FY n+1) have decreased in average by 6.8%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 25.0%.
o EBITDA multiples (FY n+1) have increased in average by 33.8%.
o EBIT multiples (FY n+1) have increased in average by 36.4%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have increased in average by 6.6%.
o EBITDA multiples (FY n+1) have increased in average by 20.4%.
o EBIT multiples (FY n+1) have increased in average by 12.5%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European TMT company, the trend is as follow:
a) Number of deals between 2008 and 2009: -34.0%.
b) Number of deals between 2007 and 2008: -10.6%.
c) Number of deals between 2006 and 2007: +14.6%.
d) Number of deals between 2005 and 2006: -5.2%.
The current financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various retail companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly; however in 2010 the valuation metrics have stabilised, and are back near their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 28.5%.
o EBITDA multiples (FY n+1) have decreased in average by 21.3%.
o EBIT multiples (FY n+1) have decreased in average by 11.8%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have decreased in average by 18.1%.
o EBITDA multiples (FY n+1) have increased in average by 10.0%.
o EBIT multiples (FY n+1) have increased in average by 14.5%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 31.2%.
o EBITDA multiples (FY n+1) have increased in average by 36.9%.
o EBIT multiples (FY n+1) have increased in average by 4.7%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have increased in average by 7.3%.
o EBITDA multiples (FY n+1) have increased in average by 7.5%.
o EBIT multiples (FY n+1) have decreased in average by 9.5%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European retail company, the trend is as follow:
a) Number of deals between 2008 and 2009: -30.5%.
b) Number of deals between 2007 and 2008: -11.3%.
c) Number of deals between 2006 and 2007: +22.1%.
d) Number of deals between 2005 and 2006: -11.7%.
The current financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various healthcare companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly; however in 2010 the valuation metrics have stabilised, and are near their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 7.9%.
o EBITDA multiples (FY n+1) have decreased in average by 11.4%.
o EBIT multiples (FY n+1) have decreased in average by 11.5%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have decreased in average by 19.3%.
o EBITDA multiples (FY n+1) have decreased in average by 13.7%.
o EBIT multiples (FY n+1) have decreased in average by 5.7%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 1.2%.
o EBITDA multiples (FY n+1) have increased in average by 25.6%.
o EBIT multiples (FY n+1) have increased in average by 30.0%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have increased in average by 0.4%.
o EBITDA multiples (FY n+1) have increased in average by 1.7%.
o EBIT multiples (FY n+1) have increased in average by 2.9%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European Healthcare company, the trend is as follow:
a) Number of deals between 2008 and 2009: -15.9%.
b) Number of deals between 2007 and 2008: -9.7%.
c) Number of deals between 2006 and 2007: +16.5%.
d) Number of deals between 2005 and 2006: +12.0%.
The current financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various utilities companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly; however in 2010 the valuation metrics have stabilised, and are back near their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 22.2%.
o EBITDA multiples (FY n+1) have decreased in average by 11.0%.
o EBIT multiples (FY n+1) have decreased in average by 13.1%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have decreased in average by 21.3%.
o EBITDA multiples (FY n+1) have decreased in average by 19.9%.
o EBIT multiples (FY n+1) have decreased in average by 5.8%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 13.8%.
o EBITDA multiples (FY n+1) have increased in average by 6.0%.
o EBIT multiples (FY n+1) have increased in average by 4.3%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have decreased in average by 13.5%.
o EBITDA multiples (FY n+1) have decreased in average by 11.5%.
o EBIT multiples (FY n+1) have decreased in average by 14.9%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European Utilities company, the trend is as follow:
a) Number of deals between 2008 and 2009: -16.6%.
b) Number of deals between 2007 and 2008: +10.8%.
c) Number of deals between 2006 and 2007: +25.1%.
d) Number of deals between 2005 and 2006: -9.5%.
The current financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various leisure companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly; however in 2010 the valuation metrics have stabilised, and are back near their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 39.4%.
o EBITDA multiples (FY n+1) have decreased in average by 34.7%.
o EBIT multiples (FY n+1) have decreased in average by 31.6%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have increased in average by 23.1%.
o EBITDA multiples (FY n+1) have increased in average by 21.1%.
o EBIT multiples (FY n+1) have increased in average by 19.5%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 52.0%.
o EBITDA multiples (FY n+1) have increased in average by 54.0%.
o EBIT multiples (FY n+1) have increased in average by 63.0%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have increased in average by 14.7%.
o EBITDA multiples (FY n+1) have decreased in average by 3.1%.
o EBIT multiples (FY n+1) have increased in average by 11.9%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European leisure company, the trend is as follow:
a) Number of deals between 2008 and 2009: -24.2%.
b) Number of deals between 2007 and 2008: -31.3%.
c) Number of deals between 2006 and 2007: +5.2%.
d) Number of deals between 2005 and 2006: +3.4%.
The current financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various services companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly; however in 2010 the valuation metrics have stabilised, and are back near their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 16.6%.
o EBITDA multiples (FY n+1) have decreased in average by 2.7%.
o EBIT multiples (FY n+1) have decreased in average by 5.7%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have decreased in average by 18.6%.
o EBITDA multiples (FY n+1) have decreased in average by 16.3%.
o EBIT multiples (FY n+1) have decreased in average by 14.8%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 46.8%.
o EBITDA multiples (FY n+1) have increased in average by 14.9%.
o EBIT multiples (FY n+1) have increased in average by 12.3%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have increased in average by 18.4%.
o EBITDA multiples (FY n+1) have increased in average by 6.8%.
o EBIT multiples (FY n+1) have decreased in average by 7.1%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European services company, the trend is as follow:
a) Number of deals between 2008 and 2009: -43.2%.
b) Number of deals between 2007 and 2008: -6.4%.
c) Number of deals between 2006 and 2007: +22.9%.
d) Number of deals between 2005 and 2006: +12.3%.
The current financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various automotive companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly; however in 2010 the valuation metrics have stabilised, and are back near their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 22.5%.
o EBITDA multiples (FY n+1) have decreased in average by 19.4%.
o EBIT multiples (FY n+1) have decreased in average by 12.7%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have decreased in average by 12.2%.
o EBITDA multiples (FY n+1) have increased in average by 35.1%.
o EBIT multiples (FY n+1) have increased in average by 27.8%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 63.5%.
o EBITDA multiples (FY n+1) have increased in average by 74.6%.
o EBIT multiples (FY n+1) have increased in average by 32.4%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have increased in average by 11.9%.
o EBITDA multiples (FY n+1) have decreased in average by 11.2%.
o EBIT multiples (FY n+1) have increased in average by 6.8%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European Automotive company, the trend is as follow:
a) Number of deals between 2008 and 2009: -28.2%.
b) Number of deals between 2007 and 2008: +1.3%.
c) Number of deals between 2006 and 2007: +15.5%.
d) Number of deals between 2005 and 2006: -4.6%.
The current financial crisis has started in the middle of 2007, and has had some interesting impacts on valuation metrics and trends.
Looking at the various aerospace companies listed in Europe on the main stock exchanges, the valuation metrics within this sector have changed significantly; however in 2010 the valuation metrics have stabilised, and are back near their previous high-levels:
a) Looking at the overall sector between 2007 and 2008:
o Sales multiples (FY n+1) have decreased in average by 28.7%.
o EBITDA multiples (FY n+1) have decreased in average by 18.2%.
o EBIT multiples (FY n+1) have decreased in average by 8.0%.
b) Looking at the overall sector between 2008 and 2009:
o Sales multiples (FY n+1) have increased in average by 19.2%.
o EBITDA multiples (FY n+1) have decreased in average by 15.1%.
o EBIT multiples (FY n+1) have decreased in average by 24.9%.
c) Looking specifically at the trends between March 09 and March 2010:
o Sales multiples (FY n+1) have increased in average by 26.7%.
o EBITDA multiples (FY n+1) have increased in average by 28.4%.
o EBIT multiples (FY n+1) have increased in average by 1.7%.
d) Looking specifically at the trends between June 09 and June 2010:
o Sales multiples (FY n+1) have increased in average by 7.1%.
o EBITDA multiples (FY n+1) have decreased in average by 4.2%.
o EBIT multiples (FY n+1) have decreased in average by 25.3%.
For more updates, please contact directly Weissknight.
Looking at the number of main corporate finance transactions involving a European Aerospace company, the trend is as follow:
a) Number of deals between 2008 and 2009: -32.2%.
b) Number of deals between 2007 and 2008: +3.5%.
c) Number of deals between 2006 and 2007: -10.9%.
d) Number of deals between 2005 and 2006: +36.2%.
Louis-Armand Weisheimer
CEO
Louis-Armand founded Weissknight Corporate Finance Ltd in 2009.
He graduated from the University of Paris Dauphine, and holds a master of Corporate-Finance from EM-Lyon.
Louis-Armand started his investment banking career with the independent investment bank Lazard in Frankfurt. Then he joined Aelios Finance in Paris at its creation, where he was the only financial analyst, and where he contributed to the development of the M&A activity. Then he joined Nomura International in London to focus on cross border corporate finance transactions, where he was in charge of valuation advisory and the execution of several transactions.
Louis-Armand has been an investment banker for more than seven years, in particular on M&A operations, private placements, LBO and valuation advisory both in France, in Germany and in the UK.
Louis-Armand contributed to more than 26 transactions with a total value exceeding €2,300m.
Dr. Denis Bron
Partner
With over 10 years of experience, Denis as a Medical doctor is an entrepreneur and a specialist in the fields of Healthcare and Biotechnology. Denis is CEO of a Biotechnology company and is supporting different national and international companies i.e. in business development, medical risk management.
As a recognised expert, Denis has already published several articles and books between 2001 and 2010. He also received and won several honours and awards, as for example the “DGNC” award for one of its scientific project, an innovation award from “SoBa”, and in 2002 a “Venture business” award for its innovation.
Denis is currently a shareholder and a board member of a number of Healthcare and Biotech companies in Europe. He has supported various projects in the healthcare sector, and advised a number of start-ups, helping them to raise equity capital from leading financial investors both in Europe and in the USA.
Financing conditions change within the financial markets on an ongoing basis.
Weissknight offers a high level access to many of the London and European leading sources of capital.
In addition, our international network allows us to be fully informed about pricing, trends, market conditions and new entrants.
We have the knowledge, the experience and the relationships necessary to access private capital for venture, expansion, recapitalisation, shareholder liquidity events, leveraged buyouts, acquisitions and debt refinancing.
These relationships include venture capital and private equity funds, some institutional and strategic investors based in London, in Europe and in the USA.
We can handle every facet of your next private placement process to gain maximum flexibility, increase the speed of this process, as well as your chances of success.
For more information on our private placement services, please contact us.
The Utility & Energy sector is a tumultuous place to invest. Several very unusual factors, as well as discouraging trends in commodity prices, point to the uncertainty within this sector.
It is therefore complex and rapidly changing, as companies pursue new models of value creation. Three major trends are currently influencing significantly this industry on a local and global basis:
- Regulatory changes in the wholesale energy market: generation and transmission
- Regulatory changes in the retail energy market: distribution and marketing
- Industry restructuring, disintermediation and M&A
Main sectors covered include:
- Electricity, gas and water utilities
- Oil & Gas: drilling, operations, equipment & services
- Solar
- Biofuel
- Wind
- Other clean technologies
- Energy storage
- Waste management
Stock market performances and M&A trends in the Utilities sector (2009)
Stock market performances and M&A trends in the Utilities sector (2010)
The TMT industry has experienced huge growth that has been driven by new and emerging technologies.
The global R&D spending is expected to top € 1 trillion in 2009. In terms of financing, more than € 22 billion have been invested by VCs investors, among which € 5 billion have been invested in Europe last year.
The magnitude and accelerated rates of change have provided an abundance of opportunities for many companies.
However, due to the current volatility and risks, companies must be alert to short-term conditions and challenges that could severely impact their businesses. Access to capital, faster time-to-market, and finding the right financial investor is more critical than ever.
We cover most sectors in this area:
- Communications equipment
- Storage & Computing systems
- Electronics & Applied technologies
- Software & Hardware
- Media
- Telecommunications equipments & Services
- Internet & Ecommerce
- Technology services
Stock market performances and M&A trends in the TMT sector (2009)
Stock market performances and M&A trends in the TMT sector (2010)
Automotive companies are under pressure from the USA to Europe, as well as in Asia.
- This year may well turn out to be tough, but it is not all bad so far.
- There is restructuration going on at corporate and industry levels.
- And we may also see earlier results from these changes translated into higher profits than forecasted.
Consolidation, restructuring and new technologies will create significant business changes throughout the automotive value chain.
Sectors covered include:
- Cars, trucks and other vehicles
- Tires
- Automotive parts and components
- Aftermarket products
Transportation & Logistics is a wide sector, which includes all types of transportation of goods and people.
Due to advancing globalisation, declining trade barriers and an increasingly mobile workforce, the transport & logistics industry continues to enjoy a growth above average. International growth through M&A, JVs or alliances is also crucial.
Main sectors covered include:
- Airlines
- Air delivery and freight services
- Airports and railroads
- Shipping and trucking
Stock market performances and M&A trends in the Automotive sector (2009)
Stock market performances and M&A trends in the Automotive sector (2010)
