Verivox is the largest independent consumer platform for energy, telecommunications, insurance and finance in Germany.

The Challenge

Verivox bought the unsubscribe and revoke contracts service platform Aboalarm at the end of 2017 and closed the price comparison platform preis24. Therefore they were in need of an experienced financial expert.
We helped them to seamlessly integrate Aboalarm post-merger into the Verivox cooperation in compliance with all ProSiebenSat1 Group guidelines.
Additionally, we refined their financial processes and supported them to evolve their KPIs to fit the changing needs of their businesses.

Our Approach

In order to secure all financial values, we planned and carried out a detailed valuation analysis, including tax and transaction structuring analysis, trading comparables, transaction comparables, and LBO analyses in direct cooperation with the CFO and Head of Finance.
To ensure a smooth transition into the main company we developed a budget reconciliation program and a streamlined clearance process.
Additionally, we implemented a value-sourcing responsibility program with intention in collaborative review with the controlling and accounting department.

The Outcome

The result was a fact-based rigorously quantified assessment and execution of the financial integration that led to a high relief in the finance department — what enabled them to focus on other high-priority tasks.
We were able to undertake the crucial purchase price inquiry effectively and ensured the delimitation to the old stakeholders.
The entire post-merger-integration was successfully accomplished.