.

M&A

Due
diligence

Valuation

State aid

Additional
services

You know your business can DO more and BE more.

At LUCSTO Advisory we provide the support you need to take that step whether it be a merger, an acquisition, the need to properly valuate your business, to run due diligence or to apply for state aid that supports your next big decision.

+1

years of experience*

* in top consulting firms

+1

projects*

* in top consulting firms

Services

Our high-level services provide a solid foundation for your next move, an unbiased opinion on the entire process and the expertise to see you through the twists and turns of today’s context.

Mergers and acquisitions

Expertise:

5

initiatives

Either by becoming a new entity through a merger or by acquiring a new company and assimilating it within the existing culture, our M&A services ensure the optimal way to manage and structure the transaction.

Our team provides guidance and assistance every step of the way

Process:

strategy – target or investor identification – marketing strategy and approach – company analysis – negotiations – contract drafting and amending – completion/closing and integration.

Documents:

teaser – info memorandum (your business’ “sales brochure”) – process letter – data room.

If you intend to sell your business (exit) or acquire a company, get in touch with us to initiate the process right foot forward! A preparatory M&A exercise could also be useful to face possible unexpected buying offers.

Due diligence

Expertise:

+80

projects completed

We pinpoint the business key drivers, providing you a fair financial understanding of the target company (buy-DD) or for your own company (vendor-DD).

Financial Due Diligence include the analysis of
(not being limited to):

key findings

(area of concern and recommandations)

quality of earnings

(normalized/sustainable EBITDA)

trading performance

(income statement with relevant operational markers)

historical assets and liabilities

working capital & net debt

(with relevant adjustments)

cash-flow analysis

Access our financial due diligence service and ensure your business decisions are well informed and documented! If requested, we could join with our partners to accommodate other types of due diligence (eg. tax, legal, etc)

Valuation

Expertise:

+100

projects finalized

Business valuation service estimates the market value of the company with a substantiated conclusion which stands up to outside scrutiny, usually in a transaction context or for informative purposes. Valuation methodology follows the valuation standards: market approach – listed/deals peers multiples, income approach – DCF (forecast) and cost approach.

Other valuation purposes could relate to a business transfer

price purchase allocation (including the valuation of intangibles: trademarks, customer relationship, intellectual property, etc) or goodwill impairment (financial reporting requirements).

LUCSTO Advisory

is certified to deliver authorized independent valuation services in compliance with International Valuation Standards being a corporate member of ANEVAR.

State aid

Expertise:

5

projects completed

If you are planning a significant investment to develop or to expand your activity, state aid is an option you should consider. State aid means grants from Ministry of Finance or Ministry of Economy.

We can provide full assistance in submitting the state aid application and latter into implementation/monitorization period as follows:

evaluate project’s eligibility

perform scoring simulation

(for determining the qualification probability)

check the investment plan

(ensuring eligibility criteria)

draft the business plan

(including the financial model)

assistance in file application

(as well as responding to clarification request from authorities)

review reimbursement documentation

Contact us to perform a score simulation and calculate the qualification probability!

Additional services

Expertise:

+50

initiatives

Entrepreneurship can lead to some serious unforeseen challenges that aren’t covered above – that is why our team is ready to provide customized services based on your particular business needs:

property valuation

(financial reporting or local tax)

mergers & spin-off

CFO budget assistance

(bank requirements)

business plan

(strategic decision)

industry benchmarking

(market and peer performance)

profiling prospective clients/suppliers

(domestic or international)

Why us?

We offer an interesting combo in your business development through acquisitions (M&A, DD, BV) or organically through state aid alongside other complementary services.

We are a corporate member of ANEVAR and our team members’ credentials are high-level:

recognized European Valuer (REV TEGoVA)

accredited member ANEVAR

accredited judicial technical expert (business valuation) by the Ministry of Justice

good knowledge of International Financial Reporting Framework (9/13 ACCA) and Romanian Statutory Accounting

experienced in Power BI

We have worked and completed projects in:

energy

agribusiness

automotive

technology

healthcare

transportation

manufacturing

Our
values:

Partnership:

collaboration is the cornerstone of all our projects. Our expertise relies on your transparency and openness to provide the optimal outcome for your project.

Complementarity:

we work WITH your business, adapting to company culture and business objectives, and filling in yet unforeseen blind spots in your view.

Independence:

we hold no bias institutional or otherwise. Our results are objective and reliable, fully standing up to outside scrutiny.

Direct communication:

there is no sugarcoating in business – our expertise will highlight potential risk as well as possible opportunities.

Consistency:

regardless of scope and objectives, we provide the same level of involvement and diligence to present you with relevant and timely results.

Data powered:

our work is powered by data and guided by knowledge.

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