© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Arganto Advises Empact through Solving Efeso International’s Acquisition.
Posted 7th May 2015

Arganto Advises Empact through Solving Efeso International’s Acquisition.

Arganto Advises Empact through Solving Efeso International's Acquisition.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Arganto Advises Empact through Solving Efeso International’s Acquisition.

Argnato Advises Empact Throughout Solving Efeso’s Acquisition

View Biography
Image

Financial Advisor to Empact – Cedric Deiber

Following its communication of 23 December 2014, Solving Efeso International, an international consultancy firm specialised in strategy and operational excellence positioned in growing markets, announces that it has acquired Empact, a Brussels-based consultancy firm specialised in implementing progressive transformations in the service sector. During this time the team from Arganto, led by Cedric Deiber, operated as exclusive financial advisors to Empact.

Filippo Mantegazza, Chairman of Solving Efeso International, commented, “We are delighted with this acquisition, which is the most significant M&A transaction completed by Solving Efeso International since 2007, and which follows the five successful acquisitions made in recent years. We are pleased to welcome Empact’s employees who share our business model and our culture. Together we will be taking a new structuring step forward in our development to consolidate our distinctive range of services, diversify our client base and expand our geographic footprint.”

Bruno Machiels, co-founder of Empact, said, “We are excited to be joining Solving Efeso International. This transaction is a tremendous opportunity for the development of Empact, a company created in 2004 by four partners and which boasts about 30 consultants, primarily serving a client base of major accounts in the service industry. Whilst Empact already enjoys an enviable position in the Belgian market, this merger opens up new growth prospects.”

The transfer agreement, signed on 3 April 2015, covers the entire share capital and voting rights in Empact. This transaction is partly financed by a €5 million share capital increase in Solving Efeso International (“the Group”) reserved for Empact shareholders, at €2.60 per new share. In addition, earnouts of up to €2.5 million may be paid based on the achievement of targets measured over the financial years ending 31 December 2015 and 31 December 2016. 2 The acquisition price (net of both acquired cash and earnouts) corresponds to 3.6 x average EBITDA for the 2013 and 2014 financial years.

This acquisition will increase the group earnings from the 2015 financial year onwards and will allow the Group to accelerate its growth in both revenue and results. In comparison with the 2014 consolidated results, (i) Empact’s 2014 revenue (€8.2 million) represents 12% of Solving Efeso International’s 2014 consolidated revenue, and (ii) Empact’s 2014 EBITDA (€2.2 million) represents 32% of Solving Efeso International’s 2014 consolidated EBITDA. The Group’s net debt will not increase by more than €5 million, excluding the potential earnouts to be added to the base price, as a result of the acquisition and consolidation of Empact’s balance sheet.

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
AIXTRON Acquires PlasmaSi
M&A
15/04/2015AIXTRON Acquires PlasmaSi

AIXTRON a leading provider of deposition equipment to the semiconductor industry, today announced that it has acquired privately held Silicon Valley-based PlasmaSi, Inc. effective April 1, 2015.

Read Full PostRead - Eye Icon
Closing the Last Asymmetric Information Gap In Deal Making
M&A
28/10/2015Closing the Last Asymmetric Information Gap In Deal Making

Valentina Pozzobon from organisational performance consultancy Humatica discusses how organisational due diligence can be incorporated successfully into business deals.

Read Full PostRead - Eye Icon
Accelerating New FinTech Products With Modular Front End Technology by Velmie
Innovation
20/01/2023Accelerating New FinTech Products With Modular Front End Technology by Velmie

Front end and UX always become a challenge and key success factor when building new tech products. In the FinTech space, it plays an even more important role considering high CAC costs and the average CLV metrics.

Read Full PostRead - Eye Icon
Ringier Africa Deals Group Acquires Nigerian Online Shopping Platform DealDey
Finance
23/03/2016Ringier Africa Deals Group Acquires Nigerian Online Shopping Platform DealDey

Ringier Africa Deals Group, a newly-founded joint venture between Swiss Ringier Africa AG and South African Silvertree Internet Holdings (Pty) Ltd, today announces it has acquired one of Nigeria’s biggest online shopping platforms, DealDey.

Read Full PostRead - Eye Icon
Inside the Codebase: Five Steps of Software Development You Need to Know
News
01/09/2023Inside the Codebase: Five Steps of Software Development You Need to Know

Article written by Valentin Kuzmenko, Chief Commercial Officer/ VP of Sales at Andersen Modern businesses cannot function properly without pioneering software products. Companies willing to get efficient solutions partner with IT providers offering impeccable

Read Full PostRead - Eye Icon
CFO of the Year
Finance
02/02/2016CFO of the Year

Syncsort is one of the largest big-data companies and oldest software companies in the market, drawing on it wealth of experience to provide unique solutions.

Read Full PostRead - Eye Icon
2016’s Most Innovative Company – Senegal
Innovation
31/07/20162016’s Most Innovative Company – Senegal

Solabsen is one of the first privately owned laboratory in Senegal specialised in medical testing. We are very grateful to Dr Jean Francois ROBERT who first introduced our services in Senegal under a different trading name “Laboratoire ESPLAN” 40 years ago

Read Full PostRead - Eye Icon
KPMG Advise Frasers Centrepoint’s Acquisition of MHDV
Legal
30/07/2015KPMG Advise Frasers Centrepoint’s Acquisition of MHDV

KPMG Advise Frasers Centrepoint's Acquisition of MHDV

Read Full PostRead - Eye Icon
How Can CFOs Help Businesses Navigate the Pandemic
Finance
07/09/2021How Can CFOs Help Businesses Navigate the Pandemic

The global spread of COVID-19 has had some drastic effects on the way businesses function. This article highlights steps CFOs can take across three major sectors: immediate recovery, short-term stability, and long-term improvements.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow