Equity Business Breakfast: About company valuation

Introduction to company valuation methods and key transaction milestones that support effective investor preparation, targeted investor search and a successful company sale and exit, based on practical domestic and international deal experience, presented in an interactive Equity Breakfast format.

October 3, 2018
-
October 3, 2018
Hemingway Restaurant
About the event

How much value does a company represent to investors, and where do they see real value? How is company valuation calculated in practice, and how does it translate into the final purchase price? The Equity Breakfast, organised with a limited number of participants, focuses on company valuation and presents key processes and milestones that support effective transaction preparation, investor search and a successful company sale and exit, based on practical domestic and international experience, through short presentations and interactive discussion with invited guests.

Covered topics

  • Company valuation methods – theory and practice
  • How much is a company worth to an investor or buyer, and where do they see real value?
  • Financial vs strategic investors – which pays more for a company, and why?
  • What portion of the purchase price is received, when, and under what conditions?
  • Tax and legal considerations during and after a company sale – how much does the owner ultimately receive?

Agenda

Date
October 3, 2018
-
October 3, 2018
Venue
Hemingway Restaurant
More information
1113 Budapest, Kosztolányi Dezső tér 2.
Language
Hungarian

Arrival, registration, welcome coffee, breakfast, networking

8:30 - 9:00

The basics and methods of company valuation

What is taught at universities and what is used in real life? Theory and practice

Levente Zsembery - CEO, X-Ventures, President of HVCA

9:00 - 9:20

How much is a company worth? – company valuation from an investor’s perspective

First-hand insights and perspectives from experienced investors

Jeno Nieder– Deputy CEO, PortfoLion Zrt.
Karoly Schweininger – Head of Investment Management and M&A, Magyar Telekom Nyrt.
  • How much is a company worth to investors, and where do they see real value?
  • Which methods are used to determine company value?
  • Does the approach of a strategic investor differ from that of a financial investor? Who is willing to pay more for the same company, and why?

9:20 - 10:00

Break,breakfast

10:00 - 10:15

Beyond company valuation: what portion of the purchase price is received, when, and under what conditions?

Presentation of concrete case studies and real-life examples

Tamas Horgos – partner, Absolvo
Lenard Horgos – partner, Absolvo
  • Does the company valuation match the actual purchase price offered?
  • Cash-out vs earn-out – purchase price payment structures and typical terms. Which do strategic investors or buyers prefer, when and why?
  • Conditions, milestones and deal structuring

10:15 - 10:45

Other factors influencing the actual amount

Legal and tax considerations

Timea Bodrogi-Szabo – Senior Tax Associate, Baker McKenzie
  • Tax considerations and obligations related to a company sale – key points to watch and how to prepare
  • Deal types and their impact from a business, legal and tax perspective – share deal vs asset deal
  • The impact of due diligence findings on the purchase price

10:45 - 11:05

Q&A, networking

Participants had the opportunity to ask their questions personally and one on one to our experts and guests during the networking session.

11:05 - 11:30

Organized in partnership with:

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