Deloitte Corporate Finance Sweden · more detailed description of DTTL and its member firms....

Deloitte Corporate Finance Sweden

Application: Financial Adviser to the Swedish GovernmentJune 2017

Corporate Finance © 2017 Deloitte

#1 local mid-market M&A adviser 2013-2016

Leading top tier M&A adviser 2016

#3 – Europe

#3 – Worldwide

Leading small and midcap financial advisory firm

Integrated solutions for the benefit of our clients

1

Strong M&A offering

Global advisory

platform

Numerous

industry

awards

confirming

client benefits

Complementary

M&A service

offerings

Global platform supporting cross-border activity and industry intelligence

An integrated network at a global level allowing us to advise clients on cross-border opportunities

European and global industry specialists supporting national teams during advisory assignments

Danish M&A advisor of the year 2016 by MergerMarket

Voted “Best Financial Adviser”, Partnerships Bulletin Awards 2015

Deloitte ranked as the No. 1 Global Consulting organization 2015

M&A Transaction Services (due diligence)

M&A Tax

Commercial DD

Valuation & Risk Management

Post Merger Integration

Contact

• #1 adviser in Small &

Midcap transactions

• Global platform

supporting cross-border

activity

• European and global

industry specialists

supporting national

teams during advisory

assignments

• Deloitte holds the

necessary permits for

the services offered

M&A financial adviser ranking 2013-2016

#1 local mid-

market M&A

adviser

Source: MergerMarketNote: Private M&A in Sweden and Denmark, deal values between EUR 10m to EUR 100m (Jan, 2013 – Dec, 2016)

Rank Adviser Number of deals Value (EURm)

1 Deloitte 19 698

2 PwC 19 620

3 SEB 13 610

4 Carnegie 10 541

5 ABG Sundal Collier 13 530

6 Danske Bank 9 489

7 Nordea 9 484

8 EY 17 419

9 Handelsbanken 10 400

10 KPMG 10 359

Deloitte AB

113 79 Stockholm, Sweden

Tel: +46 75 246 20 00

Fax: +46 75 246 24 01

www.deloitte.se

Org. nr: 556271-5309

Contact persons

Andreas Marcetic

Head of Financial Advisory

Tel/Direct: +46 75 246 23 41

Mobile: +46 73 397 23 41

Email: [email protected]

David Järnland

Head of Corporate Finance Advisory

Tel/Direct: +46 75 246 28 49

Mobile: +46 70 080 28 49

Email: [email protected]

http://www.deloitte.se/

mailto:[email protected]

mailto:[email protected]


Deloitte Corporate Finance Advisory

A strong European network of Corporate Finance specialists

• With over 1,750

Corporate Finance

professionals and

almost 200 partners

worldwide, Deloitte has

one of the largest

dedicated M&A

practices in the world

• Approximately 50

Corporate Finance

professionals in the

Nordic region

European specialists will be leveraged by the core execution team in Stockholm

Sweden

David JärnlandManaging Partner

Belgium

Serge Prosman

Partner

The Netherlands

Jeroen Van Der WalManaging Partner

Norway

Tom HuseboPartner

Iceland

Agust H. OlafssonManaging Partner

Spain

Enrique Gutiérrez

Partner

Portugal

José-Gabriel Chimemo

Managing Partner

France

Charles BédierPartner

Denmark

Johannes V. Sørensen

Managing Partner

United Kingdom

Paul Lupton

Partner

Germany

Stephan KrümmerPartner

Austria

Albert HannakPartner

Poland & Baltic

Artur Dobrowolski

Partner

Russia

Anton Shulga

Partner

Italy

Elio MilantoniPartner

Czech Republic

Garret Alfred ByrnePartner

Hungary

Bela SeresManaging Partner

Bulgaria

Gavin HillPartner

Croatia

Eric OlcottManaging partner

Romania

Hein van DamPartner

Switzerland

Jean-Francois LagásseManaging Partner

Greece

Michael HadjipavlouManaging Partner

Finland

Jan SöderholmManaging Partner

Central Europe

Bela SeresManaging Partner

Ukraine

Dmitriy AnufrievPartner

Ireland

David O’Flanagan

Managing Partner

Serbia

Milos VidenovicDirector

2


One stop shop for M&A services

Complete offering within M&A services

We are an integrated part of the world’s leading professional services organisation

• Complete offering

within M&A services

including due diligence,

Corporate Finance,

valuation and post

merger integration

• By choosing Deloitte

Corporate Finance you

are ensured a well-

functioning professional

setup based on a global

network with access to

global experts and local

commitment

Competencies across all disciplines

Broad transaction focus

Large-cap

Small/Mid-cap

PE buyerIndustrial buyer

Integrated services

Exclusive financial adviser to

in the sale to

Undisclosed value

2016 Denmark


in the sale to

EV: DKK 380m

2016 Denmark

2015


Denmark

in the acquisition of

Undisclosed value

2015


Denmark

in the acquisition of

Undisclosed value

and

2015 Denmark

Undisclosed value


in the sale to

International network

Sell-sideadvisory

Buy-side advisory

Industrial & Private Equity

Transaction services

Consulting

TaxIndustry experts

Global inroads

+244,000 employees in

150+ countries

Capital markets

Large-cap deals

Small & mid cap

deals

3


in the disposal to

Undisclosed value

2016


Eight global industry groups

Cross-border knowledge, intelligence and dedicated specialists

4

Industries

Sub-sectors

Selected Deloitte reports

Industries

Sub-sectors

Selected Deloitte reports

Consumer Business Financial Services Manufacturing Real Estate

• Retail, Wholesale & Distribution

• Consumer Products

• Textile

• Transportation and Logistics

• Travel and Leisure

• Banking and Securities

• Real Estate

• Insurance

• Investment Management

• Industrial products

• Sub-contractors

• Chemicals

• Forest, Paper and Packaging

• Automotive and Defence

• Real Estate investors

• Development companies

• Construction companies

• Hotels

• Mining

• Power

• Oil and Gas

• Shipping and Ports

• Water

• Life Sciences

• Pharmaceuticals

• Health Care Services

• Education

• State

• Regions

• Municipalities

• Technology

• Media

• Telecommunications

Health Care Public SectorEnergy and Resources TMT

• Cross-border offering

within eight global

industry groups:

• Consumer Business

• Financial Services

• Manufacturing

• Real Estate

• Energy & Resources

• Health Care

• Public Sector

• TMT


Process considerations

Local team with input from global network ensures an efficient sales process

• Global but local setup

secures an agile sales

process

5

Phases of a sales process

Key deliverables

Advantages having one local team with integrated competencies

Initial preparation

Identification of investors

Preparation of sales material

Market contact Negotiation/signing

• Gross list of potential investors

• Classification of investors in collaboration with the company resulting in a short list

• Review and polish of business plan

• Preparation of financial analysis

• Teaser

• Pre-marketing presentation

• Management presentation

• Evaluation of investor interest

• Evaluation of individual offers

• SPA

• Description of purchase price, transaction structure and conditions

• Corporate Finance

• Industry specialists



• Network




• Network


Deloitte involvement

• Integrated process of information gathering avoiding duplicated work of other advisers

• Reducing management’s involvement

• Access to local investors through global Deloitte Network

• Knowledge of sales process gathered one place

• Only in-house flow of documents

• Reducing management’s involvement

• Evaluation of investors in closed forum

• Commitment

• Quick respond in case of spontaneous meetings

Extensive analysis of financial

performance

Global inroads to potential investors

Tailored business case to investor

needs

Close collaboration with key

shareholder

Strong relations to Swedish law firms

Deloitte secures a

successful sales

process


Deloitte is the world’s leading professional services organisation

Offices in 150 countries, c.244,000 employees and revenues of EUR 35bn

6

Global Coverage Revenue by region 2016 (EURbn)

Revenue by service line 2016 (EURbn)

EMEA

90+ countries

86,600 FTEs

Revenue: EUR 11.6bn

Americas

30+ countries

107,900 FTEs

Revenue: EUR 18.1bn

Asia Pacific

25+ countries

49,900 FTEs

Revenue: EUR 4.9bn

Deloitte

Audit ConsultingFinancialAdvisory Tax

EnterpriseRisk

Services

• Assurance & Attest

• Actuarial & Insurance

• Forensic & Dispute

•Outsourcing Solutions

• Integrated IT Management Consulting

• Strategy Consulting


•M&A Transaction Services

• Valuation Services

• Risk Management

• Capital Markets Services

• Corporation Tax

• Personal Tax

•M&A Tax

• Legal Services

• VAT, Custom & Duty

• Control Assurance

• Risk Management

• Internal Audit

• Sarbanes-Oxley

• IT Security Control

• Offices in over 150

countries with

c.244,000 co-workers

worldwide

• Services in excess of

80% of the companies

within Fortune Global

500 as well as

governments and

growth companies

• Through the Deloitte

member firms we have

access to over 11,200

dedicated M&A

specialists in all major

regions

• This depth of resources

allows us to bring the

same level of

responsiveness and

high quality service to

any transaction,

anywhere in the world

• Approximately 220

Financial Advisory

professionals in the

Nordic region, with a

Swedish local team of

44 professionals

Americas,

18.1

EMEA,

11.6

Asia Pacific,

4.9

Audit, 8.8

Tax &

legal, 6.5Consulting,

12.3

Financial

advisory,

3.1

Risk

advisory,

3.9


Successful M&A execution often requires both end-to-end collaboration and local presence across multiple geographies • The Nordic Deloitte

Corporate Finance team

serves prominent

clients in the region

and has successfully

completed a range of

transactions

In the acquisition of

Deal value undisclosed

2015

Financial adviser to


In the sale of certain parts of


2015

Telenor

Exclusive Financial adviser to

Deloitte Corporate Finance Advisory

Selected credentials in the Nordics

To:


2015

Financial adviser to Glitnir

in the sale of

In the disposal to


2016



2015


In the sale to


2016


In the sale to


2016


In the acquisition of 10% of


2015


In the acquisition and MBO

of the company


2015

Financial adviser to certain

shareholders of



2015


and


DKK 400m

2015




2015


In the sale to


2015


In the sale of


2015


In the disposal of


2014

Financial adviser to Financial adviser to

In the sale of

to


2014

In the sale to

Deal values undisclosed

2014

Financial Adviser to

7


In the sale to


2016


In the sale to


2016

To:


2015

Exclusive Financial advisor

to


In the sale to


2015


In the public takeover of

EqV: DKK 2.0bn

20152014


Denmark

in the sale to

Undisclosed value

2014


Denmark

in the sale to

Undisclosed value


In the aqcquisition of


2015


In the sale to

Portfolio company


2016

http://www.google.dk/url?sa=i&rct=j&q=previa+logo&source=images&cd=&cad=rja&docid=nAUOzlnQKDTiLM&tbnid=9Vnd2rLOGCqDZM:&ved=&url=http://www.previa.se/previa/templates/pressimagelisting____516.aspx&ei=YrRnUZTUC8HYswbx-YDoDQ&bvm=bv.45175338,d.Yms&psig=AFQjCNHCJzHuWF-HoA4_ykWWIUaDa0wRCw&ust=1365837282643379

http://www.google.dk/url?sa=i&rct=j&q=previa+logo&source=images&cd=&cad=rja&docid=nAUOzlnQKDTiLM&tbnid=9Vnd2rLOGCqDZM:&ved=&url=http://www.previa.se/previa/templates/pressimagelisting____516.aspx&ei=YrRnUZTUC8HYswbx-YDoDQ&bvm=bv.45175338,d.Yms&psig=AFQjCNHCJzHuWF-HoA4_ykWWIUaDa0wRCw&ust=1365837282643379


Deloitte Financial Advisory

Selected Financial Advisory credentials in Sweden

8

Financial and tax due diligence Commercial due diligence

Integration and PMI

Valuation

Restructuring

Prior to the acquisition of


2016

Financial due diligence for



2015


Prior to the divestment of


2014

Vendor due diligence for



2015

Vendor assistance for



2014

Vendor due diligence for



2015


Distribution Sweden

• Deloitte Financial

Advisory serves

prominent clients in

Sweden

In connection to dual track

divestment by

In the acquisition by EQT In the acquisition by Axcel

Fairness opinion for

Bid offer for

Value: SEK 719,000,000


Bid offer for

Value: SEK 23,600,000,000


Bid offer for

Value: SEK 2,294,000,000

Project Laundry

Independent Business review

European Clothing business

Project Carrier III

Business Plan review

European Paper business

Project Elixer

Accelerated M&A process

European Construction

business

Deloitte assisted IKEA in the analysis of their IT landscape and prepared them for a transaction including the separation of finance systems, intranets and migration of users

In connection to the acquisition of ApotekHjärtat in 2015

Commercial vendor due

diligence of

Commercial due diligence ofCommercial due diligence of

Carve-out planning for Post Merger Integration

for

Post merger Integration

for

In connection to the acquisition of NORD Group in 2015

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.

Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clientsspanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 225,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person whorelies on this communication.

© 2017 Deloitte AB

http://www.deloitte.com/about

https://www.facebook.com/deloitte?_rdr=p

https://www.linkedin.com/company/deloitte

https://twitter.com/deloitte

Deloitte Corporate Finance Sweden · more detailed description of DTTL and its member firms....

Documents

Transcript of Deloitte Corporate Finance Sweden · more detailed description of DTTL and its member firms....