L'étude des possibilités de montages d'acquisitions afin d'accroître le panel de services de Bestvalue

Abstract

Nowadays, the transmission of companies market is rapidly expanding. Given this development of the market, the company BestValue was created to be an intermediary between seller and buyers. This project thesis focuses on this phenomenon and particularly to the position of the purchaser of a company. In order to transfer a company, BestValue needs to follow different steps. Valorization is one of the most important steps and leads to the value of the target company. One of the challenges is to make the acquirer understand the meaning of this valorization process. Therefore, the thesis will help the purchaser to see where he can create value with the target company. Some interviews realized during the project will help to understand the motivation that leads a buyer to buy someone’s business instead of creating his own. Moreover, it helps to value the target company in the position of the acquirer. To do so, this thesis starts with some theoretical aspects : an overview of the different methods of valorization, the different types of acquirer and what is transmitted in a company transaction. After the theoretical part, this thesis addresses more practical aspects, with the presentation of cases. Indeed, it will describe where the value is created when someone buys a company, and how the acquirer can optimize his purchase. The first output of this work is the creation of a new tool which will help BestValue to demonstrate how the acquirer can create value with a targeted company. Moreover, thanks to the Leverage Buy-Out method, the understanding of the financial aspects of the purchase is the second output of this work.