The story goes on International Business Collaboration Deufol SE - PowerPoint PPT Presentation

The story goes on … International Business Collaboration

Deufol SE • Global premium service provider for packaging and related services • Started in 1979 with strong expansion • Public listing in 1999, delisting in 2013

Deufol SE • 93 offices • 11 countries • 2,900 employees • Revenue 341 million

Target – Novaedes Group Competitor to Deufol • Operations in Belgium: Port of Antwerp, Lier • (close to Antwerp) and Brucargo (Brussels Airport) Subsidiaries in France (Paris) and Germany • (Butzbach) Consolidated revenue of 20 millions in 2015 • Leading industrial packaging group in • Belgium.

Joint due diligence assignment MGI • RFQ by Deufol group for joint DD assignment received October 2016 (competition with EY and Deloitte) • Joint MGI offer for DD assignment by MGI (Van Herck for Belgium, FCN for France, Votum AG for Germany) issued October 19, 2016 • DD assignment won by MGI and signed October 20, 2016 • Field work, interim meetings with Belgian and German management and interim reporting between mid-October and mid-December

Joint due diligence assignment MGI • Presentation of due diligence findings on December 7 (to Deufol management) and December 15 (to target management) • Significant price-reduction obtained by Deufol • Succesful closing of acquisition by Deufol group of 100% of Novaedes shares on December 29, 2016.

Subsequent win of audit assignments Deufol Belgium and France • Audit assignements previously held by EY (existing Deufol companies) and KPMG (Novaedes Group Belgium) • Agreement with Deufol management for MGI pitch for the audits of the Belgian Deufol entities and the Belgian and French Novaedes entities

Subsequent win of audit assignments Deufol Belgium and France • Joint MGI offer for the audits in Belgium and France issued in January 2017 • Succesful win of all audit assignments starting FY 2017 of Belgian and French Deufol (including ex- Novaedes) entities by MGI (Van Herck and FCN) • Succesful win of audit assignment ex-Novaedes Germany by Votum AG.

Contact us VAN HERCK & Co FCN VOTUM AG Herentalsebaan 645 45, rue des Moissons Guiollettstraße 54 51065 Reims Cedex 2610 Wommelgem 60325 Frankfurt/M. www.fcn.fr www.vanherckbedrijfsrevisoren.be www.votum.eu