An adviser from one of Germany’s leading corporate finance firms is helping to open the door for UK companies to access deal opportunities in his homeland.
Stefan Obert is spending three months at Clearwater Corporate Finance in Birmingham, where he will help clients to identify strategic buyers or acquisition targets in Germany.
Stefan arrives from M&A Consultants, an independent firm which is ranked as one of the top three advisers in Germany.
Stefan joined M&A Consultants in 2001 and has advised on deals in a wide range of sectors. He brings with him a wealth of information about the German M&A market and a list of German companies seeking acquisitions in the UK.
Stefan says: “The deals market in Germany has been buoyant, with the first half of 2007 exceeding the record set in 2006. Although the sub-prime crisis in the summer has increased the cost of finance for investors and resulted in fewer deals, strategic trade buyers are still very active.
“During the first ten months of 2007, German companies made 69 acquisitions in the UK with a total deal value of €2.2 billion. The most popular target sectors were industrial and electric machinery, personal and business services and computer and internet services.
“During the same period, UK companies acquired 74 German businesses with a combined value of €4.6 billion. Banking, insurance and financial sector businesses were the most active buyers, followed by personal and business services, and computer and internet services.”
Andy Moore, partner with Clearwater, said: “Germany is the largest economy in Europe, offering a wealth of technology and company values that are lower than in the UK. It makes an ideal springboard to target the new Eastern European states but is also a good place to look for strategic trade buyers.
“Through our international network and our relationship with M&A Consultants and others, we can provide a seamless service to advise on cross-border transactions and enable UK firms to access buyers, acquisition targets and financial resources from around the world.”