Business Sale
Mergers & Acquisitions
We are your experts for M&A transactions in the printing industry.
Apenberg & Partner assists family businesses, corporations, financial investors, and family offices in the buying and selling of companies in the printing industry. Thanks to our extensive industry expertise, wide-ranging network, and successful transaction history, companies in the sector choose to collaborate with us.
If you need an experienced partner for your next project, contact the M&A specialists in your industry. Michael Apenberg and Dr. Johannes Warther are available for further information and guarantee complete confidentiality.
Are you looking for a successor or buyer for your business?
Establishing a succession plan is one of the greatest challenges for medium-sized entrepreneurs. The success of this arrangement determines not only the future of the company but also that of the successor and many employees.
Instead of focusing on the obvious guesswork involved in early succession planning, we concentrate on developing and successfully implementing suitable solutions for each succession arrangement—regardless of when the process begins. Together with you, we identify the ideal transaction object and accompany you from the initial contact to the final signing of the contract.
Phase 1: Preparation for Sale
In this phase, we work together with you to establish the sales strategy. This includes the creation of a comprehensive information memorandum and the setup of a data room. To determine the value of your company, we conduct a thorough business valuation and perform a vendor due diligence to identify potential risks early on.
Phase 2: Buyer Outreach
Once the sales strategy is set and the relevant documents are prepared, we begin identifying and approaching potential buyers. They are required to sign a confidentiality agreement before gaining access to the information memorandum.
Phases 3, 4, and 5: Bidding Round and Sale Negotiations
In these phases, non-binding bids are collected from interested buyers based on the information memorandum and a Red Flag Due Diligence. Selected bidders are invited to conduct a detailed due diligence and gain access to relevant information. Negotiations are held with the best bidders to select the optimal buyer. Finally, the purchase agreement is finalized, followed by signing and closing to complete the sales process.
Examination of One’s Own Company from the Perspective of a Potential Investor
The so-called Vendor Due Diligence (also known as “VDD”) is a valuable tool for assessing the chances of a company sale before launching a large-scale sales project.
The following questions are at the center of a VDD:
- Is the company fundamentally sellable?
- Is it ready for sale, and what needs to be done to make it ready?
- Which group of investors could be potential buyers?
- What is a realistic sale price the company can achieve?
In the context of a VDD, all sale-relevant aspects of the company in question are examined from the perspective of an external investor. The VDD is essentially a specialized form of Commercial Due Diligence, with the key difference that a VDD is initiated by the seller, while Commercial Due Diligence refers to the examination conducted by an investor.
In many cases, a VDD is a sensible first step to assess the prospects of a planned sales project in advance.