Munich, Germany (10 February 2020)
Valuation Research Group (VRG), a leading global provider of independent valuation, advisory and value-related services is pleased to announce that ParkView Partners, a member of VRG’s Germany-based member firm, ValueTrust, acts as sole financial advisor to ISRA VISION AG on its strategic partnership with Atlas Copco AB via a €1.1 billion public tender offer by Atlas Copco AB.
ISRA VISION AG, listed in the German TecDAX, today announced its €1.1 billion public tender offer by Atlas Copco AB.
ISRA’s founder, largest shareholder, and CEO, Enis Ersü, as well as other shareholders, have agreed to irrevocably tender their shares to Atlas Copco. Atlas Copco has announced to launch a voluntary tender offer to all ISRA shareholders at a price of €50 per share representing a c. 43% premium on ISRA’s share price prior to the announcement and a corresponding c. 33x EBIT multiple based on ISRA’s reported 2018/2019 EBIT.
The transaction will be implemented via a business combination agreement which has been approved by the boards of both ISRA and Atlas Copco. Upon completion of the tender offer, it is intended to delist ISRA immediately.
ParkView Partners, a member of ValueTrust, has served as sole financial advisor to ISRA over the last months and has provided comprehensive financial and strategic advice to ISRA’s management board during all transaction stages.
About ParkView Partners
ParkView Partners, a member of ValueTrust, is a partner-led, newly established German investment bank boutique focusing on large- to mid-cap complex M&A and public takeovers. ParkView provides discreet and independent investment banking advice beyond traditional investment banking capabilities and approaches. They combine tier-one strategic and financial advisory knowledge with outstanding expertise in corporate valuation.
Valuation Research Group (VRG) is a global valuation practice that furnishes expert and independent opinions of value for solvency, fairness, business enterprises, intangible assets, capital stock, equity interests, real estate and fixed assets. VRG has a network of over 1,300 professionals located in offices throughout continental Europe and the United Kingdom, Brazil, China, India, Mexico, Canada, Argentina, Australia, and the United States. The Germany-based practice operates as ValueTrust.