Public Takeovers in Germany are a very dynamic and specific form of transactions which have changed significantly over the last years. This is also due to the increased participation of specialized hedge funds focusing on such transactions. We at ParkView specialize in these sort of deals and processes and have advised on the most relevant recent takeovers in Germany and the DACH region. We have an outstanding network covering all participants in public takeovers including the hedge fund community and support our clients in communicating with these participants which is a key to success today. The more complex and the more technical a public deal gets the more at home we feel. We help management boards and supervisory boards to navigate through the pitfalls of a public deal making sure the decision makers are compliant with all written and unwritten rules in order to avoid the risk of any post-deal litigation.
We have a unique tool set for public M&A deals which we use to help our clients in achieving the desired results. Our valuation practice helps us to analyze the prospects of a public deal in more depth and detail than others are able to. In Germany, the particularities of German corporate and take-over law which provides for the so-called back-end game allows activists to apply pressure on takeover targets and bidders. We at ParkView are able to assess the likelihood of a threat by an activist in advance since we are also able to calculate the back-end game potential via valuation methods used by German courts.