societex
sales & acquisitions
valuation advisory
![]() |
| company evaluations |
| brand valuation |
| arbitrage - expertise |
| design and valuation of equity based incentives |
| business plans |
| value management |


international
achievements


recent news
![]() |
| company evaluations |
| brand valuation |
| arbitrage - expertise |
| design and valuation of equity based incentives |
| business plans |
| value management |




NEW YORK – May 4, 2009 – IMAP, an exclusive global organization of leading merger and acquisition (M&A) advisory firms, announced today the results of its 2008 Global Transaction and Pricing Survey, which provides insight into the current state of the M&A market. The survey offers perspective from IMAP’s more than 500 advisors at 55 firms in nearly 40 countries, on transaction activity in 2008, as well as market expectations for the remainder of 2009.
“Through our global access and intimate knowledge of local markets, IMAP is uniquely qualified to provide an inside look at the type of activity and factors affecting the completion of M&A transactions,” said Mark Esbeck, IMAP President. “This survey, which is the 15th consecutive annual survey completed by IMAP, provides a distinctive global perspective on the M&A market, while offering businesses and advisors valuable information when considering M&A transactions throughout the world.”
Market perspectives from IMAP advisors are defined by region, including: Europe, the Middle East and Africa (EMEA); the United States and Canada; and Latin America. Key predictions for 2009 from IMAP’s survey include:
• IMAP advisors predict that the primary factors inhibiting global M&A closings for 2009 include lack of funding and unattractive valuations to sellers, particularly in the U.S. and Canada.
• IMAP advisors overwhelmingly believe that there will be easier access to bank financing in Latin America; however, bank financing will continue to be more difficult to obtain in EMEA, U.S. and Canada.
• Across all regions, IMAP advisors anticipate that M&A transaction pricing will be lower than previous years.
• With regard to areas for M&A opportunities:
- EMEA sees industry consolidation as the primary area of opportunity, followed by exit due to health and age.
- The U.S. and Canada expect opportunities where financial leverage remains too high, followed by exit due to health and age.
- Latin America overwhelmingly predicts that exit due to health and age, and management buyouts are the two primary areas of opportunity.
• For industries that will experience the most M&A activity:
- EMEA identifies energy and power, and industrials as the two primary industries for M&A activity.
- The U.S. and Canada believe opportunities exist in industrials, and consumer products and services.
- Latin America anticipates industrials as the primary area of opportunity, followed by consumer staples and real estate.
To view the complete IMAP Global Transaction and Pricing Survey, please visit IMAP’s Web site at http://imap.com/imap/media/article_documents/2008_IMAP_TP_Survey__Small_Size_FCB2BB63A7EF8.pdf.
About IMAP
IMAP is an exclusive global organization of leading merger and acquisition advisory firms. Formed in 1973, IMAP is composed of 55 offices in nearly 40 countries throughout North and South America, Eastern and Western Europe, Australia and Asia. In 2008, IMAP advisors completed 252 transactions, with an aggregate transaction value of more than $13 billion. IMAP advisors provide strategic merger, acquisition, divestiture and related corporate finance services. Sellers of mid-size companies and corporate acquirers alike rely upon IMAP for essential local market knowledge and industry expertise delivered with unparalleled global reach. Every business day, somewhere in the world, an IMAP advisor is completing an M&A transaction. More information is available via the Internet at www.imap.com.
To arrange an interview regarding IMAP’s Global Transaction and Pricing Survey, or if you are interested in receiving expert commentary from IMAP’s global network of advisors, please contact the following:
Media Contacts:
For IMAP: Sara DeNio, (312) 780-7223, sdenio@dresnerco.com
For IMAP: Jennifer Jameson, (312) 780-7241, jjameson@dresnerco.com
Societex Corporate Finance welcomes three new partners, giving strength to its international expansion and its many areas of specialization
Pascal Rivière, Bernard Maussion and Christophe Giecold have become partners at Societex Corporate Finance. They bring solid industry expertise in the IT, telecom, agribusiness and energy sectors, together with a wealth of international experience.
Pascal RIVIERE, 49, is a graduate from École Centrale, Paris, with an MBA from the HEC School of Management. He has worked in financial and general management in US and German groups before founding his own mergers and acquisitions practice, then joining Societex Corporate Finance in 2006.
With 20 years’ experience in IT, telecom, the Internet, media and PR, he has been particularly involved in developing the high tech business of Societex Corporate Finance as well as within the international IMAP network.
Bernard MAUSSION, 54, who trained at the HEC School of Management, and who has worked for both XEROX and SUEZ group, has been an SME owner and manager for over 10 years. He joined Societex Corporate Finance at the start of 2006. He has been responsible for a number of operations in cosmetics, IT and medical & agribusiness service provision, for which he is coordinator in France for IMAP.
He brings to Societex Corporate Finance his experience as an entrepreneur (creation and take-overs) and manager of group subsidiaries involved in high tech and finance.
Christophe GIECOLD, 51, is the true European of the team: born in Poland and trained at the Solvay Business School in Brussels (MBA), he speaks 7 languages and has worked for Belgian group SOLVAY and Swedish group NYNAS PETROLEUM in Belgium, Germany, Switzerland and Italy.
He spent 4 years as Director of Acquisitions in Europe with Australian Group BRAMBLES INDUSTRIES, an industrial services operator listed on the Sydney stock exchange.
He has also been President of the International Division of IRON MOUNTAIN, a US outsourced B to B services company listed on the New York stock exchange.
Since he joined Societex Corporate Finance in 2001, Christophe GIECOLD has been responsible for 40 missions within B to B services (archive management for third parties, training, translation,…), medical distribution (supplies, orthoses, prostheses, equipment for the physically challenged…), publishing and industry (plastics processing, engineering, air conditioning, geothermal science…).
“During these highly turbulent times, continuing to develop the international network of Societex and our ongoing investment in key sector-based expertise means we are able to provide our customers with the international opportunities, personalised advice and assistance that are essential to successfully achieving their merger and acquisition operations”, as François Germain, President of Societex, explained.
About SOCIETEX CORPORATE FINANCE
Founded in 1952, SOCIETEX CORPORATE FINANCE is France’s longest-standing independent business specialising in Corporate Finance consultancy. The areas in which it is involved, both in France and overseas, are principally:
- Merger and acquisition consultation – together with financial engineering – for the entire small- and mid-cap segments: the values of operations for which consultancy has been provided lie between 3 million and in excess of 100 million Euros.
- Corporate valuation: values for securities, intangibles...
In 2008, SOCIETEX CORPORATE FINANCE carried out over 20 operations involving an aggregate total of transactions worth 400 million Euros, as well as over 70 corporate and brand valuation operations.
Given added strength by the quality of its “made-to-measure” services for family-run mid-market SMEs, SOCIETEX CORPORATE FINANCE is a recognised and well-respected name.
SOCIETEX CORPORATE FINANCE, a leading independent operator in the small- and mid-caps market, mergers and acquisitions and valuation consultancy, continued its progress during 2008 and is strengthening its position within the IMAP international network, the world’s 6th largest transactions network for SMEs (source: Thomson Reuters, March 2009) with transactions worth 13 billion US dollars.