For a digital printing company

Business need

  • A Belgium digital printing company was looking to diversify into different business areas and expand to other European markets.
  • As part of its inorganic growth strategy, the client was looking to acquire a European software company developing software tools for labels and packaging and serving customers through a global network of distributors.
  • It mandated RocSearch to undertake a fairness opinion and valuation for the target company.

To undertake a fairness opinion study and valuation for a target acquisition company

The client outlined two key reasons for selecting RocSearch:

  • Our ability to rapidly deploy a customised financial research team.
  • Our flexible client-centric engagement models.

Approach and Methodology

  • We deployed a team of financial research experts to carry out a detailed assessment of the target company’s business and financials.
Projected Cash Flow
  • We also created a Football Field Analysis to arrive at the valuation range.

For conducting the valuation we deployed a range of methodologies such as: Discounted Cash Flows (DCF), Relative Valuation (RV) including Precedent Transactions and Trading Comparables (Comps).

Business outcomes

  • Insights on the operations of the target software company and a detailed valuation assessment.
  • Conclusions of the Fairness Opinion Study enabled the client to successfully close the deal.

Based on the fairness opinion study the client was able to close the deal successfully within a three month period.

—Related content

Ready to talk?