Monthly M&A Insider - Mergermarket

Top deals
Top 10 German announced deals for YTD 31 March 2009
Germany
Announced Status Target company Sector Bidder company Seller company Exit multiples (x) Bid
Revenue EBITDA P/E
premia
1-day
before
22-Mar-09 C Daimler AG (9.10% stake) Industrials &
Chemicals
8-Jan-09 P Commerzbank AG (25% stake) Financial
Services
25-Feb-09 P Mitteldeutsche
Braunkohlengesellschaft mbH
4-Feb-09 P Hanseatische Verlags-
Beteiligungs AG (23% stake);
Kieler Nachrichten (24.50%
stake); Leipziger Verlags-und
Druckerei GmbH & Co KG
(44.90% stake); and Luebecker
Nachrichten GmbH (49% stake)
12-Jan-09 C PMB Presse- und
Medienhauses Berlin
Energy,
Mining &
Utilities
Deal value
(€m)
Aabar Investment
PJSC
0.7 8.4 14.5 -5.0% 1,954
SoFFin n/a n/a -1.5% 1,770
J&T Finance Group
AS; and Severoceske
Doly
TMT Verlagsgesellschaft
Madsack GmbH &
Co KG
TMT M Dumont
Schauberg
6-Feb-09 C Zweibrucken Factory Outlet NV Consumer Grupo Neinver Kenmore Property
Group Limited;
and Real Estate
Venture Capital
Management LLP
4-Feb-09 P Ostsee-Zeitung Gmbh & Co KG
(50% stake)
22-Jan-09 C ddp Deutscher
Depeschendienst GmbH;
Evotape SpA; Rohner AG; and
The BEA Group
TMT Luebecker
Nachrichten GmbH
Industrials &
Chemicals
5-Feb-09 P PLURAL servicepool GmbH Business
Services
9-Mar-09 P Pfizer Manufacturing Frankfurt
GmbH & Co KG
Pharma,
Medical &
Biotech
BLUO SICAV-SIF ARQUES
Industries AG
NRG Energy
Inc; and URS
Corporation
- 404
Axel Springer AG - 263
Mecom Group Plc - 152
- 113
Axel Springer AG - 35
- 30
Compass Group Plc Jurgen Thomas
(Private Investor);
and Plural
Holdings
0.4 - 28
MannKind
Corporation
Pfizer Inc - 26
C = Completed; P = Pending; L = Lapsed Source: mergermarket
Top 5 German announced deals of the month (March 2009)
Announced Status Target company Sector Bidder company Seller company Exit multiples (x) Bid Deal value
Revenue EBITDA P/E
premia
1-day
before
(€m)
22-Mar-09 C Daimler AG (9.10% Industrials Aabar Investment PJSC 0.7 8.4 14.5 -5.0% 1,954
stake)
&
Chemicals
9-Mar-09 P Pfizer Manufacturing Pharma, MannKind Corporation Pfizer Inc - 26
Frankfurt GmbH & Medical &
Co KG
Biotech
31-Mar-09 P Turbon AG (70.92%
stake)
TMT HBT Holdings GmbH 15.2% 16
16-Mar-09 P innovatis AG Pharma, Roche Diagnostics Ltd Ventizz Capital
- 15
Medical &
Biotech
Partners Advisory AG
4-Mar-09 P A.A.A.
Real Estate Guenter Rothenberger TS Metropolis S a r l n/a n/a -49.7% 12
Aktiengesellschaft
Beteiligungen Gmbh;
Allgemeine
and Rothenberger 4 x S
Anlageverwaltung
vorm. Seilwolff AG von
1890 (84.33% stake)
Vermoegensverwaltung
C = Completed; P = Pending; L = Lapsed Source: mergermarket
Monthly M&A report – 114