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Aktuelle MP Corporate Finance Publikationen zu M&A-Deals, Branchen und Regionen.

Market Update: Machine Tools July17

marketupdate

Some of the highlights are:

  • Transaction climate is improving, visible in double amount of deals in 2017 YTD vs 2016 YTD
  • Prevalent transaction motives are strategic diversification acquisitions of industrial buyers
  • Valuation level of stock listed machine tool groups reached 8.2x EBITDA

MPCF Market Updates

Market Update: Pharma Outsourcing M&A and Valuation

marketupdate

Some of the highlights are:

  • Typical high number of transactions prior to summer break – API related transaction activity has picked up
  • Transaction motives: 40% private equity; 40% extension of service portfolio; 15% regional expansion; 5% other
  • Current public peer group valuation (median multiples):
    • EV/Revenue:  3.3x
    • EV/EBITDA:  14.0x

MPCF Market Updates

Market Update: Food & Pharma Machinery 1Q17

marketupdate

Some of the highlights are:

  • Transaction activity on track to surpass 2016 by number of deals. Prevalent transaction motives are succession-initiated sales of family enterprises due to attractive valuations and technology accretion acquisitions of industries’ global players
  • Valuation levels of mid-sized transactions peaking during the last quarters, with some transactions valued above 10-15x EBITDA, whereas numerous market participants already expressed concerns about overheated valuation levels
  • Valuation level of stock listed groups reached 11.6x EBITDA

MPCF Market Updates

Market Update: EMS Quarterly 2Q17

marketupdate

Some of the highlights are:

  • Geographic shift and modularization of products
  • Innovation Trends and Opportunities within the Automotive Electronics Industry
  • Upcoming Technologies and Industry Trends
  • Current market valuations in the Automotive Electronics industry:
    • EV/EBITDA: 8.7x
    • EV/Revenue: 0.84x

MPCF Market Updates

Market Update: Pharma Outsourcing - Focus Micronisation

marketupdate

Some of the highlights are:

  • Competition from highly integrated full-range service providers and rising investment requirements puts pressure on small and medium sized companies and creates demand for M&A in a fragmented market environment
  • Market trends promise significantly positive impact on micronisation equipment players with integrated service offering
  • Current public peer group valuation range:
    • EV/EBITDA multiple:              11.8x
    • EV/Revenue multiple:            2.8x

MPCF Market Updates

Market Update: CRO & CDMO Industry Mar17

marketupdate

Some of the highlights are:

  • CRO / CDMO market size has increased by an average of c. 8% annually between 2012 and 2016. Latest forecasts show that the CRO/CDMO is expected to grow at the same rate until 2022 – with possible higher growth rates in certain areas (e.g. hard-to-make drugs)
  • Continuously ongoing size pressure on CROs and CDMOs and demand for internationalisation – particularly for businesses with a one-stop-shop strategy
  • Current public peer group valuation range:
    • EV/EBITDA multiple:              13.2x
    • EV/Revenue multiple:            3.0x

MPCF Market Updates

Market Update: Pharma & Biotech Quarterly 4Q16

marketupdate

Some of the highlights are:

  • The Healthcare industry in general experiences a decrease in financial firepower, changing the spotlight towards mid-market transactions, instead of Big Pharma landmark deals.
  • Specialty Pharma companies experienced a decline in share price valuations of over 30% in 2016, expected to result in deteriorating M&A activities in 2017.
  • Although still on a high level from a long-term perspective, public peer group valuations have been declining to 11.91x EBITDA  and 4.37x Revenue multiple in Q4 2016, which constitutes the lowest mark since the beginning of 2014.

MPCF Market Updates

Market Update: Pharma Outsourcing 4Q17

marketupdate

Some of the highlights are:

  • Rising demand for integrated outsourcing services providers, continues to fuel market consolidation pressure rising valuation
  • Promising growth perspectives for Pharmacovigilance service providers (CAGR +10%), due to new challenges for the pharmaceutical industry
  • Peer group valuations at high level, 13.08x EBITDA  and 2.86x Revenue in the fourth quarter of 2016

MPCF Market Updates

Market Update: Automotive Electronics 1Q17

marketupdate

Some of the highlights are:

  • Latest forecasts show that the car connectivity segment is expected to grow at a  23.6% rate until 2020
  • Continuously ongoing pressure on traditional automotive electronics companies due to four trends that are currently shaping the industry
  • Current public peer group valuation range:
    • EV/EBITDA multiple:     8.4x
    • EV/Revenue multiple:  0.9x

MPCF Market Updates

Market Update: EMS Quarterly 1Q17

marketupdate

Some of the highlights are:

  • Industry trends and challenges facing the EMS industry in 2017
  • Automotive Electronics and Lighting are currently the biggest growth drivers for the EMS industry
  • Current listed peer group valuation range:
    • EV/EBITDA multiple up to:    8.6x
    • EV/Revenue multiple up to:  0.5x

MPCF Market Updates

Market Update: Packaging Quarterly 1Q17

marketupdate

Some of the highlights are:

  • MPCF Packaging Peer Group’s EBITDA-multiple is just slightly below the 5yr median peak and currently is at 9.5x EBITDA
  • In the first quarter the number of transactions is slightly below previous years but Europe and North America have seen quite some landmark deals, that will affect smaller players as well
  • The most active peer group players show a comparably higher 5yr EBITDA CAGR than their respective revenue growth

MPCF Market Updates

Market Update: Healthcare Services 4Q16

marketupdate

Some of the highlights are:

  • The sterilization market is expected to grow at a CAGR of 7 % p.a. till 2020 driven by increased regulatory standards in the healthcare & pharmaceutical sector, demographic developments and cost pressure that particularly effects healthcare facilities
  • Healthcare facilities often underestimate the “total cost of ownership” for medical instruments of which sterilization is a significant part. Thus, even healthcare facilities with the scale for internal Central Sterile Supply Departments (CSSD) have a considerable cost advantage from outsourcing the CSSD activities
  • Our Sterilization Peer Group is currently valued at around 12.7x EBITDA and 3.1x Revenue multiple

MPCF Market Updates

Market Update: API Industry

marketupdate

Some of the highlights are:

  • API producers are currently valued around 12.9x EBITDA and 2.7x Revenue multiple
  • Promising growth perspectives for international service providers with vertically integrated service portfolios
  • Besides ongoing high transaction activity, continuously fragmented market with significant further consolidation potential

MPCF Market Updates

Market Update: Clinical Research Market Environment

marketupdate

Some of the highlights are:

  • Publicly listed clinical research service providers are currently valued around 12.4x EBITDA and 2.4x Revenue multiple, mid-market transactions indicate EBITDA multiples between 6.4 – 8.9x LTM
  • Promising growth perspectives for international service providers with focus on faster patient recruitment and customer proximity
  • Employee cost continue to come asunder between Eastern- and Western European mid-market clinical trials organisations

MPCF Market Updates

Market Update: Market Review Automotive Metal and Challenges 2017

marketupdate

Some of the highlights are:

  • Internationalisation, lightweight materials as well as new powertrain solutions are gaining importance and dominate the strategic M&A-motives
  • M&A market regained pace in 2016 and is likely to increase again in 2017
  • Current valuations are balancing buyers & sellers demands and therefore build the ground of successful transactions

MPCF Market Updates

Market Update: Automotive Metal 4Q16

marketupdate

Some of the highlights are:

  • Growing complexity for automotive suppliers
  • New suppliers and infrastructures through energy-efficient cars
  • Internationalisation as huge driver for automotive M&A
  • Dynamic market environment is further increasing consolidation pressure
  • Valuations: Slight increase since 3Q16

MPCF Market Updates

Market Update: Machine Tools 4Q16

marketupdate

Some of the highlights are:

  • European Machine Tool order intake to hit 10-year high
  • Rising demand for Machine Tools in emerging markets
  • Valuations in listed MPCF Peer Group at 7.9x EBITDA, a 30% increase since beginning of 2016

MPCF Market Updates

Deal Update: PolyCine GmbH sold to Armira

117 PolyCine - Armira

MP Corporate Finance acted as the exclusive financial advisor to the shareholders in the sale of PolyCine GmbH, the leading supplier to the pharmaceutical industry of non-PVC films for intravenous therapy bags to German industrial holding group Armira.

>more MPCF-Deals

Market Update: CRO/CDMO Industry Quarterly 3Q16

marketupdate

Some of the highlights are:

  • Currently PE-owned CDMOs strive for (further) internationalisation and Buy&Build strategies inside as well as outside Europe
  • Ongoing interest of Private Equity firms in the CDMO industry with increasing number of platform acquisitions since H2 2015
  • Besides ongoing high transaction activity, continuously fragmented market with significant further consolidation potential
  • Listed CRO/CDMO service providers are currently valued around 13.7x EBITDA and 2.8x Revenue multiple
  • Mid-market transaction multiples in the CDMO industry in a corridor of around 7.5x-11.5x EBITDA in 2016

MPCF Market Updates

Market Update: Medical Technology & Products Quarterly 3Q16

marketupdate

Some of the highlights are:

  • Sterilisation services providers among the most prominent exhibitors at the trade fair, as they have developed into essential strategic partners for sponsors
  • Promising growth perspectives for international sterilisation providers with focus on low temperature sterilisation
  • Peer group valuations at high level, 14x EBITDA and 3x Revenue  in the third quarter of 2016

MPCF Market Updates

Market Update: Pharma & Biotech Quarterly 3Q16

marketupdate

Some of the highlights are:

  • Outsourced services providers among the most prominent exhibitors at the trade fair, as they have developed into essential strategic partners for sponsors
  • Promising growth perspectives for international service providers with focus on complex manufacturing solutions
  • Peer group valuations at high level, 14.1x EBITDA (CRO / CDMO) and 13.7x EBITDA (APIs and CMO) in the third quarter of 2016

MPCF Market Updates

Market Update: Plant Construction Quarterly 3Q16

marketupdate

Some of the highlights are:

  • Positive outlook for Plant Construction firms delivering to the oil & gas industry
  • Asian buyers targeting European technology and innovation-driven firms
  • MPCF Peer Group with upward trend in stock-market valuations (+15%) and number of transactions (+20%)

MPCF Market Updates

Deal Update: KEBA AG acquired Kemas GmbH

109 Keba - Kemas

MP Corporate Finance acted as the exclusive financial advisor to KEBA AG in the acquisition of Kemas GmbH, the market leader in Germany in the field of customer and employee-operated transfer automation based on RFID Technology.

>more MPCF-Deals

Market Update: CRO/CDMO Industry 2Q16

marketupdate

Some of the highlights are:

  • CRO/CDMO service providers are currently valued around 13.6x EBITDA and 2.5x Revenue multiple
  • Promising growth perspectives for international service providers with focus on complex manufacturing solutions
  • Besides ongoing high transaction activity, continuously fragmented market with significant further consolidation potential

MPCF Market Updates

Market Update: Packaging Quarterly 2Q16

marketupdate

Some of the highlights are:

  • MPCF Packaging Peer Group’s EBITDA-margin is on a 3yr peak
  • Number of transactions is slightly down, while transaction values are up
  • Current peer group valuations remain at very high levels, currently standing at approx. 10.4x EBITDA and the Packaging Peer Group outperformed both, the S&P 500 and the Eurostoxx 50, year-to-date

MPCF Market Updates

MPCF Opens Office in Chicago

marketupdate

MP Corporate Finance extends its global reach and heads over to Chicago

We are proud to announce the opening of our Chicago office!

Over the last few years MPCF has been involved in an increasing number of transactions with US based business across our focus industry sectors. In our continuous efforts to best serve clients we have decided to strengthen our North American presence by opening an office in Chicago.

The Chicago office will support both our buy and sell side advisory services, as well as deepen our already distinguished sector expertise with local market insights.

This strategic move strengthens MP Corporate Finance and opens even more opportunities to international investors. The active M&A market in North America presents ideal prospects for international buyers and sellers, which we are going to further develop with our clients.

Find more details: http://www.mpcf.net/unternehmen/internationale-prasenz/

 

Market Update: EMS Quarterly 1Q16

marketupdate

Some of the highlights are:

  • Steady annual growth of 3.5% in the demand for electronic components, totalling sales of USD 827 bn in 2015
  • Sharp increase in deal activity compared to 1Q15, with Asia being the most active region due to heavy investments of European and American EMS players
  • Current peer group valuations declined slightly to approx. 5.9 x EBITDA

MPCF Market Updates

Market Update: Automotive Quarterly 1Q16

marketupdate

Some of the highlights are:

  • Technological trends like autonomous driving, connectivity and collision avoidance systems are driving the industry
  • Asian cross-border deals expected to stay on a high level
  • Valuations in the automotive market slightly decreased since 3Q15

MPCF Market Updates

Market Update: Packaging Quarterly 1Q16

marketupdate

Some of the highlights are:

  • M&A activity in the packaging industry remained almost at the level of the previous two first quarters
  • Europe is still the most active region, but Asia & Pacific is catching up
  • Current peer group valuations remain at very high levels, currently standing at approx. 9.7 x EBITDA and the Packaging Peer Group outperformed both, the S&P 500 and the Eurostoxx 50, during the first quarter

MPCF Market Updates

Market Update: CDMO Industry 1Q16

marketupdate

Some of the highlights are:

  • Contract research and manufacturing market continues its growth path driven by strong international demand from Pharma & BioTech players for outsourced services
  • On-going market consolidation with numerous international mid-market transactions in recent months
  • After peak in first half of 2015, significant easing in market valuations to reach a more sustainable level
  • MPCF CRO/CDMO Peer Group valued at 12.3x EBITDA

MPCF Market Updates

Market Update: Plant Construction Quarterly 1Q16

marketupdate

Some of the highlights are:

  • Industry 4.0 solutions offer significant growth opportunities for the engineering and plant construction business in the near future
  • Dealmakers expect an increase in Chinese interest in European industrial technology companies, despite the volatility seen in China’s stock market in the beginning of the year
  • Valuations of the MPCF PCI Peer Group exhibit 8.4x EBITDA whereby M&A activities were executed mainly in the North America and Western Europe

MPCF Market Updates

Market Update: Plant Construction Quarterly 3Q15

marketupdate

Some of the highlights are:

  • European companies in the Plant Construction sector remain optimistic towards a sustained development in the industry
  • Iran as promising region for future Plant Construction projects particularly in the petrochemical Business
  • Valuations of the MPCF PCI Peer Group exhibit 8.5x EBITDA whereby M&A activities were executed mainly in the European Region

MPCF Market Updates

Market Update: Plant Construction Quarterly 1Q15

marketupdate

Some of the highlights are:

  • Demand of the chemical industry will provide the major momentum to the plant construction industry in the next periods
  • Chinese and Korean companies are further augmenting their share to a current 25 % of the market
  • M&A activities continued a firm pace and valuations of the MPCF PCI Peer Group rose to 9,0 x EBITDA

MPCF Market Updates

Market Update: CDMO Industry 4Q2015

marketupdate

Some of the highlights are:

  • Contract research and manufacturing market continues its growth path driven by strong international demand from Pharma & BioTech players for outsourced services
  • Busy international transaction environment in the second half of 2015, reflecting strong investors’ interest in the market as well as significant consolidation potential
  • Slight easing in market valuations in 4Q15  – MPCF CRO/CDMO Peer Group valued at 12.9x EBITDA

MPCF Market Update

Market Update: CDMO Industry 11/15

marketupdate

Some of the highlights are:

  • Contract research and manufacturing market continues its growth path driven by strong international demand from Pharma & BioTech players for outsourced services
  • Very active transaction environment with numerous deals closed in 2015, reflecting strong investors’ interest in the market as well as significant consolidation potential
  • Market valuations have reached new peak in 3Q15 – MPCF CRO/CDMO Peer Group valued at 15.9x EBITDA

MPCF Market Update

Market Update: Pharma & BioTech Outsourcing Quarterly 4Q15

marketupdate

Some of the highlights are:

  • Pharmaceutical companies have further moved up the value chain for outsourcing in order to cut cost, reduce time-to-market and improve risk management
  • Strongly increased transaction activity in Continental Europe, USA and India
  • Special Issue DRUG DISCOVERY OUTSOURCING: Global early phase R&D outsourcing is expected to surge even further (+23% CAGR forecasted until 2020)
  • Lower valuations at the end of the year despite highly active transaction environment – Median MPCF Peer Group EBITDA multiples in 4Q15 equaled 12.3x for both CROs and CMOs

MPCF Market Updates

Market Update: Pharma & BioTech Quarterly 3Q15 - CPhI Madrid

marketupdate

Some of the highlights are:

  • Outsourced services providers among the most prominent exhibitors at the trade fair, as they have developed into essential strategic partners for sponsors
  • Insiders forecast further increase in demand for contracting providers, spurring investors’ interest in this attractive growth market
  • Peer group valuations at high level, 14.6x EBITDA (CRO / CDMO) and 15.7x EBITDA (APIs and CMO) in the third quarter of 2015

MPCF Market Updates

 

Market Update: Pharma & BioTech Quarterly 2Q15

marketupdate

Some of the highlights are:

  • Pharma & BioTech Industry still in the spotlight of global M&A activity; total deal volume in 1H15 c. EUR 160 bn
  • While enthusiasm for acquisitions to increase size is fading, industry players chase strategic acquisitions to increase profitability and sustainable growth prospects
  • Growing interest in orphan drugs both from big pharma as well as as specialty pharma
  • Strong appetite for acquisitions reflected in high market valuations – MPCF Pharma & BioTech Peer Group valued at 14.1x EBITDA in 2Q15

MPCF Market Updates

 

Market Update: Pharma & BioTech Quarterly 1Q15

marketupdate

Some of the highlights are:

  • Pharma & BioTech Industry still in the spotlight of global M&A activity; total deal volume in 1Q15 c. EUR 111 bn
  • Mergers & acquisitions have become central to corporate strategy for many Pharma & BioTech players, who continue to face serious headwinds
  • Numerous major deals closed with exorbitant valuations and further landmark transactions announced
  • Strong appetite for acquisitions reflected in rising market valuations – MPCF Pharma & BioTech Peer Group valued at 14.6x EBITDA in 1Q15

MPCF Market Update

 

Market Update: Packaging Quarterly 3Q15

marketupdate

Some of the highlights are:

  • High M&A activity in the packaging industry throughout 2015 and expected to continue well into 2016
  • Strategic investors continue being the main contributor to the ongoing consolidation in the packaging industry
  • Current peer group valuations remain at historically high levels, currently standing at approx. 9.5 x EBITDA

MPCF Market Updates

Market Update: Packaging Quarterly 2Q15

marketupdate

Some of the highlights are:

  • MPCF once again underlines its packaging industry focus successfully closing another packaging transaction in 2015
  • Positive long-term trend in peer group valuations, currently standing at approx. 9.3 x EBITDA
  • Highly active Mid- to Large-Cap M&A environment in the Packaging industry (Focus topic in this Quartlery)

MPCF Market Updates

Market Update: Packaging Quarterly 1Q15

marketupdate

Some of the highlights are:

  • MPCF once again underlines its packaging industry focus successfully closing another packaging transaction in 1Q15
  • Positive long-term trend in peer group valuations, currently standing at approx. 9.4 x EBITDA
  • Strong and stable EBITDA margins of approx. 14.0% (LTM)
  • Highly increasing level of M&A activity compared to 2014

MPCF Market Updates

Market Update: Medical Technology & Products Quarterly 4Q15

marketupdate

Some of the highlights are:

  • Ongoing consolidation trend due to pricing pressures and cost considerations
  • Large number of FDA approved small and medium sized MedTech companies constitute attractive opportunities for larger players
  • Increasing M&A activity of American companies in Europe to benefit from lower corporate taxes
  • Strong investors’ interest in the sector reflected in ongoing high multiple valuations – MPCF MTP Peer Group valued at 13.7x EBITDA in 4Q15

MPCF Market Updates

Market Update: Medical Technology & Products Quarterly 2Q15

marketupdate

Some of the highlights are:

  • Very active transaction environment – deal volume in 1H15 more than 2.5 times the size of the entire year 2014
  • Sizable number of small and mid-market deals, many of them with a strong strategic motive – companies have been looking to establish category leadership in specific areas
  • Strategic acquisitions receive positive feedback from shareholders, due to apparent benefits such as deeper customer insights, know-how exchange and stronger negotiating power in relevant markets
  • Strong investors’ interest in the sector reflected in uniquely high multiple valuations – MPCF MTP Peer Group valued at 13.5x EBITDA in 2Q15

MPCF Market Updates

Market Update: Medical Technology & Products Quarterly 1Q15

marketupdate

Some of the highlights are:

  • High transaction activity in the global MTP Industry, as a number of landmark transactions are closed – total deal volume in 1Q15 c. EUR 52bn
  • MTP Industry turning attention towards strategic growth acquisitions – convergence of consumerism and Medical Technology to spur small- and mid-cap transaction activities
  • Private equity investors attracted to innovative, scalable technologies that respond to major trends in Healthcare (demographic change, cost cuts)
  • Strong appetite for acquisitions reflected in rising market valuations – MPCF MTP Peer Group valued at 13.1x EBITDA in 1Q15

MPCF Market Update

 

Market Update: Automotive Electronics 3Q15

marketupdate

Some of the highlights are:

  • MPCF reports highlights from this year’s visit to the IAA Frankfurt Motor Show and the Battery Management Show in Michigan
  • Self-driving cars, battery-powered cars and information technology data transmission are keys topics driving the Automotive Electronic forward
  • Technology companies such as Google and Apple pose a potential threat towards the Automotive industry

MPCF Market Updates

Market Update: EMS Quarterly 2Q15

marketupdate

Some of the highlights are:

  • Lenzing AG’s disposal of its non-core mechatronic business unit Leno Electronics GmbH to Melecs Holding GmbH
  • MPCF’S industry insights of organic growth patterns by mid-market EMS firms
  • A spike in M&A transaction activity seen in the first half of 2015

MPCF Market Updates

Market Update: Automotive Quarterly 3Q15

marketupdate

Some of the highlights are:

• VW emission scandal dominates the news within the automotive industry
• Main M&A activity in the automotive supplier market shifts from Europe to Asia
• Valuations in the automotive market improved significantly since 4Q14

MPCF Market Updates

Deal Update: Isowood majority-acquired by German TWE Group

102_TS_invest_isowood_twe_420x140

MP Corporate Finance acted as the exclusive financial advisor to the shareholders of Isowood in the sale of a majority stake to German TWE Group. Isowood is a technology leader in semi-finished, highly malleable carrier materials produced from natural- and glass fibres mainly for the automotive industry.

>more MPCF-Deals

Market Update: Medical Technology & Products 3Q14

marketupdate

Some of the highlights are:

  • Startling number of landmark transactions announced in 3Q14 – deals are motivated by financial considerations, accommodating hospitals’ and purchasing groups’ demand for integrated and cost efficient suppliers
  • Despite the US Treasury‘s announcement of a more restrictive tax structure in September, inversion deals are still high on the agenda of MTP players
  • Besides transactions driven by financial considerations, strategic growth acquisitions are slowly re-emerging, as industry players build on improved investor confidence
  • Strong appetite for acquisitions reflected in rising market valuations – MPCF MTP Peer Group valued at 12.3x EBITDA in 3Q14

MPCF- Market Update

Market Update: Temperature Controlled Logistics 3Q14

marketupdate

Some of the highlights are:

  • Trade restrictions with Russia are shaking the industry whereas the European Union is struggling to find adequate support
  • The TCL valuation growth remains strong signaled by a significant Year-on-Year improvement
  • The MPCF TCL peer index with respect to stock prices outperforms the European market  while being in line with the US benchmark Index

MPCF-Market Update

Market Update: Plant Construction 3Q14

marketupdate

Some of the highlights are:

  • High level of M&A activity in first half  – slowdown in second half of 2014
  • Global Challenges – US and Asia gaining significant importance
  • The number of transactions in 2014 has reached a historical peak, underpinning the ongoing consolidation trend and industry Transformation

MPCF-Market Update

Market Update: Pharma & Biotech 3Q14

marketupdate

Some of the highlights are:

  • Pharma & BioTech Industry in the spotlight of global M&A activity; six-fold increase in deal volume in the third quarter of 2014 compared to 2013
  • European Big Pharma take over North American rivals to circumvent stricter tax inversion rules announced by the US Treasury in September and to benefit from strong Euro
  • Besides transactions driven by financial considerations, strategic growth acquisitions are slowly re-emerging, as industry players build on improved investor confidence
  • Strong appetite for acquisitions reflected in rising market valuations – MPCF Pharma & BioTech Peer Group valued at 13.5x EBITDA in 3Q14

MPCF-Market Update

Market Update: Eletronic Manufacturing Services 3Q14

marketupdate

Some of the highlights are:

  • Neways Electronics International’s acquisition reinforces significance of German EMS market presence
  • Rising Revenue and EBITDA multiples as of Q2 2013 with stable Cash Conversion Cycles is indicated by the MP Corporate Finance EMS peer group
  • MP Corporate Finance will be represented at the Electronica International Trade Fair in Munich, Germany (11th – 14th November)

MPCF-Market Updates

Market Update: Medical Technology & Products 3Q14

marketupdate

Some of the highlights are:

  • Overarching topic of Rehacare is the field of mobility for disabled people – Growing interest in sophisticated mobility aids due to rising demands made by people affected on autonomy and participation
  • Small and mid-sized exhibitors use trade fair to form partnerships that will give them a stronger voice on the global market
  • Peer group valuations remain at high level, 9.47x EBITDA in the third quarter of 2014

MPCF Market-Update

Deal Update: Neways acquired BuS

89 Adorno - Neways BuS

MP Corporate Finance acted as exclusive financal advisor to Neways Electronics International in the acquisition of German-based BuS Group. The transaction marks a significant increase in Neways‘ presence on the German EMS market.

> more MPCF-Deals

Market Update: Transport & Logistics 2Q14

marketupdate

Some of the highlights are:

  • Clear signs such as the increase in transport price indices suggest that the T&L market is in recovery mode
  • Announcements of governments in Europe to levy new tolls and to enact labour laws adversely Impact the T&L market
  • Valuations in the T&L sector remain strong
  • The strong performance of the MPCF T&L peer index with respect to stock price moves confirms the increasing investor optimism in the industry

MPCF-Market Update

Market Update: Medical Technology & Products 2Q14

marketupdate

Some of the highlights are:

  • In 1H 2014, 18% more deals were closed compared to 1H 2013 and total deal value has almost doubled
  • Scale-driven acquisitions high on the agenda as prices of medical devices remain at low levels – acquisitions to build more comprehensive product portfolio and enlarge footprint in order to improve negotiating power
  • Growing number of non-healthcare companies, in particular providers of consumer electronics diversify into the medical technology sector -major investments to enter medical imaging and diagnostics as well as tele-medical devices
  • Heightened interest in MTP industry targets reflected in rising market valuations – MPCF MTP Peer Group valued at 11.9x EBITDA in 2Q14

MPCF-Market Update

Market Update: Automotive 2Q14

marketupdate

Some of the highlights are:

  • Promising outlook on the automotive market – Improvement of general economic outlook fuels demand in the automotive sector
  • Positive sentiment but also challenging tasks for automotive suppliers – Increasing exports since OEMs shift to local production
  • On-going rise in peer group valuations – MPCF Automotive Index outperforms selected broad benchmark indices

MPCF-Market Update

Market Update: Plant Construction 2Q14

marketupdate

Some of the highlights are:

  • Total Transaction Value reached historical peak in 2Q14
  • EV/EBITDA multiples were constantly rising for the past 24 months
  • New industry study forecasts Germany’s premium segment strategy alone is no guarantor for future success past 2020

MPCF-Market Update

Market Update: Medical Technology & Products 2Q14

marketupdate

Some of the highlights are:

  • Transaction activity in the MTP has gained momentum – total deal value in 1Q14 more than doubled compared to 1Q13
  • Companies increasingly looking at acquisitions to reach critical size and improve innovative capacities in a changing industry landscape reflected in intensifying pricing pressure and regulatory revisions in Europe
  • On-going rise in peer group valuations despite new industry challenges as companies search for targets to integrate horizontally and vertically – EBITDA-multiples up 15% compared to 1Q13

MPCF-Market Update

 

Market Update: Pharma & Biotech 2Q14

marketupdate

Some of the highlights are:

  • Marked increases in deal activity in  the global Pharma & BioTech Industry and a clear trend towards more cross-border deals in the first quarter of 2014
  • In Europe, highly strategic mid-market acquisitions as companies build up sophisticated product pipelines in light of patent expirations of many blockbuster drugs
  • Growing demand for CROs (contract research organisations), CMOs (contract manufacturing organisations) and CRMOs as big players focus on their core activities
  • On-going rise in peer group valuations – up 25% since 1Q2013

MPCF-Market Update

Market Update: Lighting 2Q14

marketupdate

Some of the highlights are:

  • ENEC+ the first European certification mark has been introduced into the European Lighting Market
  • Global Lighting Market to reach revenues of € 100 billion by 2020
  • The “Light+Building” trade fair in Frankfurt sets a new visitor record of 210,000 visitors with 2,458 exhibitors

MPCF-Market Update

Market Update: Packaging 1Q14

marketupdate

Some of the highlights are:

  • Positive long-term trend in peer group valuations, currently standing at approx. 8.8 x EBITDA
  • Strong and stable EBITDA margins of approx. 12.9 % (LTM)
  • For the remaining year we expect strong M&A activity in the packaging industry as large packaging players want to profit from favourable market conditions

MPCF-Market Update

Market Update: Surface Treatment 1Q14

marketupdate

Some of the highlights are:

  • Strong stock-market performance of the MPCF Surface Treatment peer group in the first two months of 2014
  • On-going positive trend in peer group valuations, standing at approx. 10.5x EBITDA by mid-March
  • Vivid M&A activity expected for 2014 after a promising first two months

MPCF-Market Update

Market Update: Plant Construction 1Q14

marketupdate

Some of the highlights are:

  • Global Trends 2014 – Strong upturn in the industrialized nations
  • Germany – After a year of stagnation, revised forecast of real growth in Plant Construction is expected at 1-2%
  • Revenue multiples had a minimal upswing to 0.8x, EBITDA multiple improved significantly and reached a median of 10.0x for the MPCF Plant Construction Peer Group

MPCF-Market Update

Market Update: Transport & Logistics 1Q14

marketupdate

Some of the highlights are:

  • Clear signs such as the increase in transport price indices suggest that the T&L market is in recovery mode
  • Announcements of governments in Europe to levy new tolls and to enact labour laws adversely Impact the T&L market
  • Valuations in the T&L sector remain strong
  • The strong performance of the MPCF T&L peer index with respect to stock price moves confirms the increasing investor optimism in the industry

MPCF-Market Update

Market Update: Printed Circuit Board Industry 1Q14

marketupdate

Some of the highlights are:

  • Global Flexible PCB Market in 2013 grew by 9.4 % and is valued at approximately € 8.26 billion
  • The German PCB market as a whole grew by 1.7 % till November 2013
  • MPCF acted as an exclusive sell-side advisor to the Dutch based PCB supplier Ramaer on its sale to Elco

MPCF-Market Update

Market Update: Electronic Manufacturing Services 1Q14

marketupdate

Some of the highlights are:

  • Electronics Manufacturing Services Industry signals growth in 2014
  • Creative technological evolution leads to the development of new markets and new applications which ultimately drives EMS industry forward
  • Enhanced manufacturing processes along with partnership agreements are key elements that can enable abnormal growth for EMS Players

MPCF-Market Updates

Market Update: Plant Construction 4Q13

marketupdate

Some of the highlights are:

  • Global Trends 2013 – The global plant construction industry has reached pre-crisis levels
  • Germany – After a year of stagnation, real growth in Plant Construction is expected at 3% in 2014
  • Revenue multiples had a minimal upswing to 0.8x, EBITDA multiple improved significantly and reached a median of 9.0x for the MPCF Plant Construction Peer Group

MPCF-Market Update

 

Market Update: Eletronic Manufactoring Services 4Q13

marketupdate

Some of the highlights are:

  • The EMS industry started to face a growth path according the developments of 4Q13
  • Asia pacific experienced the most closed deals in 2014 with Europe taking second position
  • As several leading EMS firms have announced facility expansions into emerging economies a brighter year ahead is expected

MPCF-Market Update

Market Update: Automotive 2HY13

marketupdate

High lights – Automotive 2HY13.

  • Strong upward trend in peer group valuations
  • Global automobile production up 5% in 2013, driven by China & Japan
  • Passenger car registrations in Europe showing signs of recovery

MPCF-Market Updates

Deal Update: HTI re-capitalized

87 HTI (re-capitalized)

MP Corporate Finance advised Austrian based light material component manufacturer HTI AG in its re-capitalization process. An international consortium of investors took over the majority of shares by way o fa capital increase.

> more MPCF-Deals

Market Update: Plant Construction 3Q14

marketupdate

Some of the highlights are:

  • Total Transaction Value reached historical peak in 2Q14
  • EV/EBITDA multiples were constantly rising for the past 24 months
  • New industry study forecasts Germany’s premium segment strategy alone is no guarantor for future success past 2020

MPCF-Market Update

Market Update: Healthcare Distribution 3Q14

marketupdate

Some of the highlights are:

  • Global Healthcare Distribution Industry is facing new demands of key stakeholders, making traditional business models obsolete
  • Transactions in 1H 2014 motivated by efficiency gains related to size, product diversification as well as enlarged coverage of the supply chain
  • Heightened interest of financial buyers in HCD targets, speeding up industry consolidation
  • Stable market valuations – MPCF HCD Peer Group valued at 10.07x EBITDA in 2Q14

MPCF-Market Update

Market Update: Pharma & Biotech 3Q14

marketupdate

Some of the highlights are:

  • Turbulant transaction environment in the global Pharma & BioTech Industry and a number of announced mega-deals heralding profound changes in the industry landscape
  • Big Players focus on efficiency improvements, which has motivated a number of proposed takeovers of industry leaders with cost synergies and tax advantages as an explicit strategic rationale
  • Pharmaceuticals are redefining business models to expand core activities and divest less profitable peripheral assets (e.g. increased focus on selling manufacturing activities/plants amongst others)
  • Strong appetite for acquisitions reflected in rising market valuations – MPCF Pharma & BioTech Peer Group valued at 13.1x EBITDA in 2Q14

MPCF-Market Update

Market Update: Lighting 3Q14

marketupdate

Some of the highlights are:

  • Global Lighting Market to reach revenues of €110 billion by 2020
  • LED lighting signalling strong growth, particularly within the commercial lighting segment
  • Ban on incandescent light bulb posing to be a game changer for the lighting industry, stimulating the demand for alternative lighting products

MPCF-Market Update

 

Market Update: Temperature Controlled Logistics 2Q14

marketupdate

Some of the highlights are:

  • In Europe, the European Parliament  puts further pressure on the industry as it has voted in favor of a bill banning fixed refrigeration systems containing Fluorinated greenhouse gases above a certain benchmark by 2020
  • The pharma industry has a positive impact on the industry as they are increasingly investing into cold-chain capabilities whereas the growing demand for intermodal transport will adversely Impact the transport-efficiency
  • Valuations in the TCL sector remain strong at 0.8x Revenues and 7.5% EBITDA
  • As the number of deals closed in 1Q14 is higher than in 1Q13 and in 1Q12 a return to the pre-crisis level is expected

MPCF-Market Update

Market Update: Packaging 2Q14

marketupdate

Some of the highlights are:

  • Positive long-term trend in peer group valuations, currently standing at approx. 8.8 x EBITDA
  • Strong and stable EBITDA margins of approx. 13.1% (LTM)
  • MPCF successfully advised on two deals within the packaging industry in the last quarter

MPCF-Market Update

 

 

Market Update: Automotive 2Q14

mpcf_2013_stage_NEWSLETTER

Some of the highlights are:

  • Promising outlook on the automotive market – Improvement of general economic outlook fuels demand in the automotive sector
  • Positive sentiment but also challenging tasks for automotive suppliers – Increasing exports since OEMs shift to local production
  • On-going rise in peer group valuations – MPCF Automotive Index outperforms selected broad Benchmark indices

MPCF-Market Updates

Market Update: Electronic Manufactoring Services 2Q14

marketupdate

Some of the highlights are:

  • German EMS Market signals great attractiveness leading to increased M&A activities
  • Industry observations reveals Geographic expansion is prevalent amongst EMS players
  • Rising Revenue and EBITDA multiples as of Q2 2013 indicated by the MP Corporate Finance EMS peer group

MPCF-Market Update

Deal Update: Solutions 30 acquired connecting cable

84 ConCab - Solutions30

MP Corporate Finance acted as exclusive financial advisor to publicly listed Solutions 30 SE, a leading European onsite services company for information and communication technology, in the acquisition of Connecting Cable GmbH, Germany, in pursuit of its Buy & Build strategy.

> more MPCF-Deals

Deal Update: Ramaer sold to elco

85 Ramaer - elco

MP Corporate Finance acted as the exclusive financial advisor to the owner in the sale of the Dutch printed circuit board specialist Ramaer to elco, an Italy-based PCB producer backed by financial investor Fondo Italiano d’Investimento.

› more MPCF-Deals

 

Deal Update: Elcon stocked listed UET

81 Elcon & UET

MP Corporate Finance acted as the exclusive financial advisor to German telecommunication network termination specialist Elcon Systemtechnik GmbH and stock listed UET United Electronic Technology AG in arranging the refinancing.

› more MPCF-Deals

Market Update: Plant Construction 3Q13

marketupdate

High lights – Plant Construction 3Q13.

  • Asia an emerging economies drive global plant construction growth.
  • Lower than expected economic activity in the first half of 2013 will result in lower production rates of 1% for the full year 2013.
  • Economic fundamentals are improving and real growth of 3% in the plant construction industry is expected in 2014.
  •  EV/EBITDA multiples have gradually improvec over the last 6 quarters.

MPCF-Market Updates

Market Update: Mobility 3Q13

marketupdate

High lights – Mobility 3Q13.

  • North America remains strongest consumer, and Asia Pacific identified as fastest growing region.
  • Demographic developments, such as “smarter cities” drive attractiveness of the industry
  • Connected car market is expected to be worth $39 billion in 2018.

MPCF-Market Updates

Market Update: Packaging 3Q13

marketupdate

High lights – Packaging 3Q13.

  • Positive trend in peer group valuations, currently standing at approx. 8.7 x EBITDA
  • Strong and stable EBITDA margins of approx. 12.8%
  • Despite declining deal activity in the Packaging Industry MPCF managed to close 7 transactions in the last 12 months

MPCF-Market Updates

Market Update: Surface Treatment 3Q13

marketupdate

High lights – Surface Treatment 3Q13.

  • On-going outperformance of major indices by the MPCF Surface Treatment Index
  • Positive trend in peer group valuations, currently standing at approx. 8.6 x EBITDA
  • Strong and stable EBITDA margins of approx. 15% (PG median)

MPCF-Market Updates

Deal Update: Oecon sold to Protakabin

1308 ts_oecon_420x140

MP Corporate Finance acted as exclusive financial advisor to Invest AG, bmauctor Holding GmbH and Gföllner Fahrzeugbau und Containertechnik GmbH, as the three shareholders, in the sale of OECON Mobilraum GmbH to Portakabin Ltd

› more MPCF-Deals

Market Update: Plant Construction 2Q13

marketupdate

High lights – Plant Construction 2Q13.

  • Industry order volumes are expected to slightly decrease in 2013
  • Asia’s growing influence on the plant construction industry is also visible in order shares
  • EV/EBITDA multiples were constantly rising for the past 4 quarters

MPCF-Market Updates

Market Update: Confectionery Industry 1HY13

marketupdate

High lights – Confectionery Industry 1HY13.

  • Confectionery proves to be resilient to on-going economic turmoil with solid financial performance
  • Strong 2Q13 in terms of M&A activity with number of deals closed up 15% year-on-year
  • Active M&A environment in Europe accounting for 53% of transactions closed globally in the past 12 months

MPCF-Market Updates

Market Update: Electronic Manufacturing Services 2Q13

marketupdate

High lights – Electronic Manufacturing Services 2Q13.

  • After stagnating market revenues in the first half year of 2013, modest growth is expected in the period 2014 – 2016.
  • Global transaction activity in the EMS industry is expected to be driven by the increased usage of electronics in the medical industry and government actions that have increased the availability of capital and encourage cash-rich companies to pursue deals.
  • MP Corporate Finance is proud to announce the completion of 10 EMS transactions in the last 24 months.

MPCF-Market Updates

Market Update: Packaging 2Q13

marketupdate

High lights – Packaging 2Q13.

•    M&A activity in the packaging sector regained some strength in the second quarter of 2013
•    Accounting for over 80% of deals, Europe and US remain the hot spot in terms of deal activity
•    EBITDA multiples have stabilised on a high level
•    Packaging companies achieve EBITDA margins around 12%

MPCF-Market Updates

Market Update: Automotive 1H13

marketupdate

High lights – Automotive 1H13.

  • Healthy valuations despite challenging macroeconomic environment
  • Emerging markets will continue to increase in importance for the automotive and automobile industries
  • Transaction activity in line with last year’s level with indications for increased momentum in 2H13

MPCF-Market Updates

Market Update: Temperature Controlled Logistics 2Q13

marketupdate

High lights – Temperature Controlled Logistics 2Q13.

  • TCL companies showing sound financial performance on the back of increasing demand for transportation of fresh and frozen food
  • Multiple valuations entering an upward trend and EBITDA-margins stabilising on a high level
  • Transaction activity in line with last year’s level with room for more consolidation in Europe

MPCF-Market Updates

Market Update: Plant Construction 1Q13

marketupdate

High lights – Plant Construction 1Q13.

  • Industry expects a slight order volume upturn in the single digit percentage area for 2013
  • EV/EBITDA multiples were constantly rising for the past 4 quarters
  • Bilfinger SE is among the most active buyers in the last six months
  • EBITDA margins rising to over 9 % in the MPCF Plant Construction Peer Group

MPCF-Market Updates

M&A Yearbook 2013

mpcf_2013_stage_Yearbook

Der internationale M&A Advisor MP Corporate Finance präsentierte heute, Dienstag, 06.03., vor Wirtschaftsjournalisten in Wien mit seinem M&A Sector Yearbooks branchenspezifische Markttrends 2013 für ganz

› MPCF M&A-Yearbook registration

Market Update: Surface Treatment 1Q13

marketupdate

High lights – Surface Treatment 1Q13.

  • The MPCF Surface Treatment Indicator increased by around 30 % in terms of market cap in 2012 with further dynamic in 1Q13
  • EV/EBITDA multiples are up 10 % in 1Q13 compared to the last quarter of 2012
  • UK among the most active buyer-regions in the last six months
  • EBITDA margins remain well above 12 % for the MPCF Surface Treatment Peer Group

MPCF-Market Updates

Market Update: Automation 1Q13

marketupdate

High lights – Automation 1Q13.

  • Valuations in terms of EV/EBITDA multiples are up 9%
  • US and Europe remain hotspots for automation deals
  • The MPCF Automation Peer Group increased by over 30% in terms of market capitalisation in 2012

MPCF-Market Updates

Market Update: Mobility 1Q13

marketupdate

High lights – Mobility 1Q13.

  • Valuations in terms of EV/Revenues multiples are up 12.8 % compared to 2011
  • Accounting for over 80% of transactions, Europe and North America remain the hot spot in terms of deal activity
  • Mobility companies showed strong financial performance in 4Q12 as EBITDA margins increased to 8.7 %
  • The MPCF Mobility Peer Group increased by 22 % in terms of market capitalisation in 2012s

MPCF-Market Updates