Services

Mergers &
Acquisitions
Capital Markets
Advisory
General Financial
Advisory
Restructuring
 
Debt
Advisory
Strategic
Advisory

Mergers & Acquisitions

In Mergers & Acquisitions we have ample experience in a host of different situations be they public or private, broad process driven or bilateral in nature. We often act in bespoke and limited roles, sometimes alongside other investment or commercial banks, in achieving optimal results for our clients. We are frequently asked to provide that vital second opinion and provide low key background advice or become more visible as required and appropriate. In other instances we are asked to run typically visible auction based, international sell side processes or act in buy side situations. Our firm is flexible enough in terms of versatility and skill set of its team and partners to contribute in a highly focussed fashion or run full execution driven processes in the following situations:

  • Disposals
  • Mergers & acquisitions
  • Distressed mergers & acquisitions
  • (Public) takeover offers
  • Squeeze-outs / de-listings
  • Privatisations
  • Search for financial investors
  • Valuations and fairness opinions
  • Public to Private (P2P) advisory
  • Defence advisory

Capital Markets Advisory

Our business model is based on independent advice embedded in long-term relationships coupled with a profound understanding of capital markets. Our firm provides independent advice to corporates and shareholders, be they public or private, with complex financings by equity, debt or hybrid. Our clients seek advice in successfully navigating in an often intransparent market. Understanding of current capabilities of financial institutions, investor sentiment and access, offerings of new financial marketplaces, pricing, regulatory requirements, documentation, capital markets best practise and code of conduct as well as execution process management is what we contribute. Our services entail the following:

Equity capital raising advisory

Our firm offers independent advice to clients on a wide range of equity capital raising transactions. We use our expertise to deliver the best equity capital market outcomes for our clients, including better organised and supervised distribution, better pricing, more accurate market judgement, and improved terms with syndicate banks. The experience of our partners enables us to gain a detailed understanding of investor behaviour, optimal deal structures, performance of key market participants and the latest market trends. As a result, we provide clients with unique insights into the execution of recent offerings and the track record of syndicate banks and bookrunners.
As an independent adviser, we are not conflicted by lending or other risk exposures to clients, by the economic benefits that relationship banks and brokers might gain by pursuing one financing goal over another, or by equity-dealing loyalties and relationships with institutional and hedge fund investors. Our pure advisory business model enables us to focus solely on achieving the best possible result for our clients and minimising their execution risk when issuing equity. We assist in particular in issue structuring, IPO/rights issue/placing readiness preparation and testing, syndicate selection and transaction execution/project management,

Debt capital raising advisory

We advise companies, private equity houses, institutional clients and other investors on financing strategy and deliver creative solutions from a wide range of financing sources. Our independent advisory model enables us to objectively examine all possible structures and alternatives and select the best solution for our clients. We nurture constant dialogue with banks, mezzanine providers, investors, listing authorities and agencies, which give us detailed knowledge of current trends and practices across debt, equity and equity-linked markets. We are focused on the corporate as well as on real estate sector.

Equity advisory and strategic capital markets positioning

Our firm is privileged to assist listed corporates on a continuous basis with strategic investor relations support to optimally position a company in the capital markets. This entails shareholder analysis, investor sentiment analysis, capital structure advisory, roadshow planning and investor targeting, integrating other corporate finance and capital markets capabilities as appropriate.

General Financial Advisory

In a long-term client relationship our partners act as a sounding board in early assessment of corporate and investment considerations. We also provide independent advice in a range of special situations drawing on sound judgement, experience and professional know-how. We also provide early guidance in identifying hidden value creation opportunities, act as honest broker in go-in-between roles, provide fairness opinions and other reports and act as discrete counterparty in special situations. Our services embrace but are not limited to the following:

  • Strategic advisory
  • Feasibility studies
  • Fairness Opinions
  • Trustee arrangements / warehousing
  • Mediation services

Restructuring

ACXIT Recovery Management GmbH (also see: recovery.acxit.com for further details – German only) is an independent consultancy firm for Mergers & Acquisitions, debt advisory and financial restructuring of companies in critical situations. It is headquartered in Munich and led by its Managing Partners Christian Nicolas Bächstädt, Johannes H. Lucas and Nikolaus J. Röver, all experts in distressed M&A. ACXIT Recovery focuses on three main services to deliver tailored solutions to our clients. We help small and medium sized companies, administrators and investors to purchase and to sell companies in special situations (Distressed Mergers and Acquisitions), we advise them regarding the right turnaround and restructuring strategy and we find alternative funding and optimize and restructure the financial structure of these companies. The partners of ACXIT Recovery were in charge of over 80 successful transactions in restructuring and insolvency situations over the last eight years.

Distressed Mergers & Acquisitions

ACXIT Recovery is specialized in distressed M&A Transactions within ACXIT Capital Partners. The partners of ACXIT Recovery have successful completed over 80 transactions in restructurings and insolvency cases in the last eight years. Company transactions of this kind differ completely from the ordinary acquisition/disposition procedure of healthy corporations. Therefore, the requirements on M&A consultants are much higher regarding quickness, the pressure to succeed and complex project management skills.

In insolvency cases we complete either share deals throughout insolvency plan procedures or the classical asset deal (so called Dual Track). The insolvency plan procedure has gained importance, especially after the revision of the German insolvency law, the so called ESUG. In order to guarantee the success of this restructuring tool, it is of significant importance to ensure sufficient financing/funding of ongoing business operations in cooperation with additional investors. We are working exclusively for one client, either seller (Sell-Side) or the purchaser (Buy-Side) and we are independent of financial institutions.

Turnaround and Insolvency Strategy

Finding the right strategy and procedure in restructuring and insolvency situations is key for success. With the experience of over 80 cases in distressed M&A, turnaround and legal consultancy we help companies, share holders, creditors and banks to make the right choices. What is the suitable procedure, what is the best team and what is the right insolvency court? Especially the selection of the proper insolvency administrator is of significant importance.

Due to our ACXIT Capital Partners network including our industry experts we have access to all important stakeholders. We collaborate with many well-respected administrators and consultants trustfully. Recommendations are base only on factual and objective reasons against the background of the particular individual case. At the same time we act independently in the interest of our client and are free of obligations due to cooperation and law firm associations.

Debt Advisory/Financial Restructuring

Sustainable success of reorganizations is mostly dependent on “restructuring the liabilities side” as well. We advice companies, shareholders, creditors and banks on the right structure and negotiate their interests. We help to raise Debt and equity, negotiate covenants and haircuts as well as debt to equity swaps.

Debt Advisory

We advise companies, private equity houses, asset managers, family offices, institutional clients and private individuals on debt financing strategy and deliver creative solutions from a wide range of financing sources for corporate and real estate clients. Our independent advisory model enables us to objectively examine all possible structures and alternatives, including senior and junior debt as well as mezzanine structures and select the best solution for our clients. We nurture constant dialogue with our extensive contact network of banks, insurance companies, mezzanine providers, debt funds and investors, which gives us detailed knowledge of current trends and practices across debt and equity markets.

In particular in real estate debt advisory, where we are the market leader, we have an extensive track record in sourcing and executing acquisition financing, development financing, refinancing and debt restructuring. Further we are able to provide post-closing services including financial asset management and debt reporting, thus allowing our clients to concentrate on the strategic operation of their businesses.

Our services under debt advisory include:

  • Identifying appropriate senior and mezzanine lenders
  • Preparation of debt finance documentation packages
  • Coordinating and communicating with lenders during the underwriting process
  • Negotiating credit facility agreements
  • Coordinating condition precedent compilation and drawdown processes
  • Post-closing services

Strategic Advisory

In a long term client relationship our partners act as a sounding board in early assessment of corporate and investment considerations. We also provide independent advice in a range of speciality situations drawing on sound judgement, experience and professional know-how. We also provide early guidance in identifying hidden value creation opportunities, act as honest broker in go-in-between roles, provide fairness opinions and other reports and act as discrete counterparty in special situations. Our services embrace but are not limited to the following:

  • Strategic advisory
  • Feasibility studies
  • Fairness Opinions
  • Trustee arrangements / warehousing
  • Mediation services