IMAP was able to increase the number of successfully completed transactions in 2018: from 204 to 208 deals worldwide and from 20 to 25 transactions in Germany. This puts IMAP again among the top 10 M&A advisors for deals up to USD 500m in the Thomson Reuters ranking.
The average transaction value was $ 62 million globally, which is similar to that value in Germany, where IMAP successfully closed several transactions in the three-digit million range as well as numerous sell-side transactions in the mid-double-digit million range. IMAP's most successful transactions worldwide were in technology (35), consumer & retail (33), industrials (27) and business services (17). Most active sectors in German deals were industrials (7) followed closely by technology (especially IT and software) and business services with 4 deals each.
21 of the 25 completed transactions in Germany were company sales, most of them on behalf of the shareholders of owner-managed companies, which once again underlines the strength of IMAP's advisory focus for this clientele. 4 sell-side transactions were successfully closed on behalf of private equity funds. The distribution of buyers between strategic investors, private equity and family offices was roughly balanced last year.
In 2019 IMAP expects to continue the successful trend and has started the year in Germany with two closed transactions.
The Italian Ariston Thermo Group (Ariston) has acquired the majority of shares in Kesselheld GmbH (Kesselheld), one of the leading digital start-ups in heating installations in Germany.
Read the Chairman's Letter introduction to the Coronavirus special edition of IMAP's publication, Creating Value.