IPO General Readiness, IPO Legal Readiness, IPO Accounting Readiness, Feasibility, Roadmap, Valuation, Equity Story

Service

  • Assessment of IPO general readiness (ownership structure, corporate governance, board composition, etc.)
  • Assessment of IPO legal readiness (management responsibility, internal risk and compliance management, employment contracts, etc.)
  • Assessment of IPO accounting readiness (internal controls, accounting standard, financial statements, accounting systems and processes, etc.)
  • Assessment of IPO feasibility (business model, sector, competitors, maturity, equity story, etc.)
  • Development of roadmap to close potential gaps
  • Market valuation and evaluation of expected public market valuation
  • Refinement of equity story

All the above services are offered in-house, except for legal readiness. For certain aspects of those services we may partner with reputable third parties to support you. For more details, visit our webpage IPO services.

Additionally, Deloitte also offers assistance with working capital and liquidity modelling.


Client Coverage

Fast-growing SMEs, mature SMEs, large Corporations, SPACs


Industry Coverage

All


About the Service Provider

Deloitte is a leading accounting and advisory company in Switzerland and provides industry-specific services in the areas of Audit & Assurance, Consulting, Financial Advisory, Risk Advisory and Tax & Legal. With around 2,200 employees at six locations in Basel, Berne, Geneva, Lausanne, Lugano and Zurich (headquarters), Deloitte serves companies and institutions of all legal forms and sizes in all industry sectors. www2.deloitte.com

At a Glance

  • Maturity. Deloitte has been serving clients in Swiss market for more than 60 years
  • Growth. Deloitte has been the fastest growing of the Big Four for the past 10 years by revenue, with 45% growth during the past 3 years
  • Market share. #1 professional services organization in the market, serving 95% of the companies in the SMI index in FY21
  • Multidisciplinary teams.  Deloitte draws on subject matter experts from various service lines who have extensive understanding of the procedural challenges facing a company when it decides to go down the IPO journey. The combination of subject matter experts and capital markets experience and global reach ensures that Deloitte can assist a wide range of companies in the IPO process.
  • Scalability. Deloitte scales and customizes its services for every client individually. Large, middle market, or a start-up.  Deloitte has the right approach and effort for everyone.

Examples of Transactions

  • International corporation headquartered in Switzerland, specializing in the design, production, and distribution of innovative orthopaedic products, as well as in the development of accompanying surgical techniques. 
  • Swiss company focusing on development and industrialization of power switching topology, algorithm, control software and drives based on the most advanced power semiconductor technology for energy conversion.
  • International corporation headquartered in Switzerland — technology and market leader in the manufacture and maintenance of turbochargers for diesel and gas engines

Contact Information

IPO General Readiness, IPO Legal Readiness, IPO Accounting Readiness, Feasibility, Roadmap, Valuation, Equity Story

Service

  • Assessment of IPO general readiness (e.g., ownership structure, corporate governance, board composition, etc.)
  • Assessment of IPO legal readiness (e.g., management responsibility, internal risk and compliance management, employment contracts, etc.)
  • Assessment of IPO accounting readiness (e.g., internal controls, accounting standard, financial statements, accounting systems and processes, etc.)
  • Assessment of IPO feasibility (e.g., business model, sector, competitors, maturity, equity story, etc.)
  • Development of roadmap to close potential gaps
  • Market valuation and evaluation of expected public market valuation
  • Refinement of “equity story”

EY offers all of the above services with a dedicated capital markets team. You can find more information on IPO readiness assessment.

EY’s IPO High-Level Diagnostic workshop or its IPO Readiness Assessment covers all areas specific to the IPO case: strategy, structures, taxes, financials, internal systems, functions, leadership and the planned timeline.  During the IPO High-Level Diagnostic workshop or IPO Readiness Assessment, the target state of your Company is compared with the current state to reveal any gaps. EY analyzes these in greater detail in individual follow-up workshops and clarify the time, content and resources required to close them. The result report, as the main deliverable, defines the strategy that lays the foundation for the development of  the required work streams and a road map.

EY can support you in closing the identified gaps of the Company and achieving IPO readiness. These services may include

  • GAAP Conversions,
  • Support in Formalizing Internal Control System (ICS),
  • Develop Alternative Performance Measures (APM),
  • Support to set up or improve the Financial Statement Close Process and Reporting,
  • Preparation of Compensation Report,
  • Support with Tax Compliance and Tax Structuring,
  • Etc.

EY also discusses strategic funding considerations and develops an initial target structure and IPO base case in line with your objectives.


Client Coverage

Fast-growing SMEs, mature SMEs, large Corporations


Industry Coverage

All


About the Service Provider

EY provides consulting, assurance, tax and transaction services that help solve the client's challenges and build a better working world for all. www.ey.com

At a Glance

EY is the number one organization by audit share for helping high growth companies to list publicly. With its IPO experience, EY knows what it takes to be ready for an IPO. EY's IPO readiness service is the first step in what EY describes as the “IPO value journey” and is designed to guide your company through a successful transformation from private to public status. Achieving readiness will ensure a strong debut in the capital markets. Getting IPO readiness right means implementing change throughout the business, organization and the corporate culture.

EY works hand in hand with you to identify and discuss any gaps that need to be addressed on your IPO value journey. 


Examples of Transactions

  • EY supported as advisor with the preparation of carve-out financials, IPO preparation, tax and valuation work for the spinoff IPO of an international corporation headquartered in Switzerland.
  • After a successful IPO readiness assessment, EY acted as reporting accountant for an IPO at the SIX Swiss exchange to a global software and cloud technology solution provider listed, headquartered in Switzerland.
  • EY acted as an accounting and tax advisor in listing through a reverse merger on the SIX Swiss exchange to a multinational biotech company.
  • EY acted as a reporting accountant in an IPO at the SIX to a multinational e-commerce pharmacy and medical wholesaler.
  • EY acted as a reporting accountant in a cross-border IPO to a multinational IT and business service provider.

Contact Information

  • Tobias Meyer, Partner, Head Transaction Accounting & IPO Advisory within Financial Accounting Advisory Services,
    tobias.meyer@ch.ey.com, +41 58 289 36 94
  • Marc Ledermann, Manager, Transaction Accounting & IPO Advisory within Financial Accounting Advisory Services,
    marc.ledermann@ch.ey.com, +41 58 289 46 65

IPO General Readiness, IPO Legal Readiness, IPO Accounting Readiness, Feasibility, Roadmap, Valuation, Equity Story

Service

Helvetische Bank (HB) offers all services of a fully-fledged IPO readiness.

  • Assessment of IPO general readiness (e.g., ownership structure, corporate governance, board composition, etc.)
  • Assessment of IPO legal readiness (e.g., management responsibility, internal risk and compliance management, employment contracts, etc.)*
  • Assessment of IPO accounting readiness (e.g., internal controls, accounting standard, financial statements, accounting systems and processes, etc.)*
  • Assessment of IPO feasibility (e.g., business model, sector, competitors, maturity, equity story, etc.)
  • Development of roadmap to close potential gaps
  • Market valuation and evaluation of expected public market valuation
  • Refinement of “equity story”

HB supports in the selection of reputable, specialized legal advisors for the evaluation of IPO legal readiness. HB offers all other services in-house.


Client Coverage

Fast-growing SMEs, mature SMEs, large corporations


Industry Coverage

All except biotech


About the Service Provider

Helvetische Bank AG (HB) is a leading Swiss private and investment bank focusing on advising SMEs in capital market transactions on SIX. Since its inception in 2011, HB successfully established itself as an alternative to larger investment banks by structuring transactions to the needs of SME companies and by addressing non-standard investor categories. HB’s capital market experts from our Corporate Finance, Research and Active Advisory practices combine for an average experience of more than 20 years. At the same time, being a small and agile challenger, HB aims to keep processes lean for clients in order to carefully treat client’s own resources during a transaction. www.helvetischebank.ch

At a Glance

Swiss investment bank focusing on advising SMEs in capital market transactions on SIX. Alternative to larger investment banks by structuring transactions to the needs of SME companies and by addressing non-standard investor categories.

  • Agile challenger with focus on advising SMEs in Swiss capital market transactions
  • HB is successfully operating in the Swiss capital market since 2011
  • Market leader in SIX listed CHF bond transactions with a nominal amount below 100m
  • Corporate finance core team active for HB since 2011, average experience of key employees 20+ years
  • HB advised on more than 50 Swiss capital market transactions since its inception in 2011
  • Strong network to non-standard investor categories (such as family offices, (U)HNWI and independent asset managers), lean decision-making processes allowing efficient transaction processes
  • Own independent research team

Examples of Transactions

  • Kuros Biosciences, Rights issue, CHF 18.6m (December 2020)
  • Crealogix, SIX-listed convertible bond, CHF 25m (November 2019)
  • HBM Healthcare, SIX-listed straight bond, CHF 100m (July 2021)
  • va-Q-tec, SIX-listed straight bond, CHF 25m (November 2020)

Contact Information

 

IPO General Readiness, IPO Legal Readiness, Feasibility, Roadmap, Valuation, Equity Story

Service

Work with a trusted small team of senior advisors for a successful IPO readiness.

  • Assessment of IPO general readiness (e.g., mindset and awareness of consequences of IPO, ownership structure, corporate governance, board composition, etc.)
  • Assessment of IPO legal readiness (e.g., management responsibility, internal risk and compliance management, employment contracts, etc.)
  • Assessment of IPO feasibility (e.g., business model, sector, competitors, maturity, equity story, etc.)
  • Development of roadmap to close potential gaps in order to optimize transaction security
  • Market valuation based on value drivers and assessment of expected public market valuation
  • Refinement of “equity story” and positioning (based on the investor’s perspective on the business model)

IFBC provides its services in-house with a dedicated transactions and capital markets team (IPO legal readiness is established together with leading legal counsels, and investor pre-sounding is executed in collaboration with leading investment banks).

As a leading independent Swiss corporate finance and M&A advisor IFBC supports its clients in the context of private and public M&A, debt advisory as well as related corporate finance matters. Furthermore, IFBC advises companies in the areas of performance and financial risk management as well as specific accounting topics. Based on this expertise and its long-standing experience, IFBC provides independent and comprehensive advice for a successful IPO readiness.


Client Coverage

Fast-growing SMEs, mature SMEs, large corporations


Industry Coverage

Financial Services, Energy, Industry, Business Services, Life Sciences & Healthcare, TMT, Real Estate, Construction


About the Service Provider

IFBC is a leading independent corporate finance and M&A advisor in Switzerland. IFBC has a long-standing experience in realizing capital market transactions. Clients from IFBC benefit from high senior involvement securing best-in-class project execution.

In addition, IFBC supports companies in various industries in the areas of performance and financial risk management as well as IFRS advisory.
www.ifbc.ch

At a Glance

IFBC is a leading independent Swiss corporate finance and M&A advisor, specialized in corporate transactions working with large corporates, SMEs and financial investors.

  • Founded in 1997
  • Around 20 highly qualified employees with more than 150 years of combined professional experience in corporate finance and financial management
  • Regular involvement in national and international transactions across different industries
  • Member of Globalscope international M&A network
  • Recognized fairness opinion provider by the Swiss Takeover Board

Key people:

  • Dr. Thomas Vettiger, Member of the Swiss Takeover Board, Chairman of the Board of Directors of the Investis Group, Member of the Board of Directors of Globalscope
  • Prof. em. Dr. Rudolf Volkart, former professor of business administration and director of the Swiss Banking Institute at the University of Zurich
  • Heinz Karrer, former CEO Axpo Group, former president of economiesuisse, member of different BoD

Examples of Transactions

  • Vifor Pharma, public tender offer to its shareholders by CSL, CHF 10.9b (December 2021), Advisor to Vifor Pharma
  • Talenthouse, IPO by way of a contribution in kind, undisclosed, (May 2021), Independent valuation advisor to Talenthouse
  • BLS, Issuance of two listed debut bonds, CHF 200m (November 2018), Advisor to BLS
  • SwissSign Group, sale to Post, undisclosed (October 2021) Advisor to shareholders of SwissSign Group
  • Netcetera, establishing of Giesecke+Devrient as a new anchor shareholder, undisclosed (September 2020), advisor to Netcetera

Contact Information

  • Dr. Thomas Vettiger, Co-Founder and Managing Partner,
    info@ifbc.ch, +41 43 255 14 55