Corporate Finance

A new, streamlined connection to the banks

EBAM: efficient bank account management for corporates is now on the right track

Efficiency, productivity, growth, risk control and reporting quality are continuous points of attention for virtually any organization. These issues therefore also affect the corporate treasury processes. Bank account management, one of the building blocks of treasury, has become a focal point… read more

In-depth expertise

Real estate restructuring

Complex restructuring projects highlight the broad scope of services and expertise at Zanders. At the beginning of this year, Zanders further increased its strength in this area with the appointment of consultant Derck Jan Smits.

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Media, Communications & New Tech industry in the spotlight

Zanders advises and supports media businesses

Baby Boom

of Baby Gloom?

The man who makes my fishing poles wants to transfer his business. The company has been operating for more than 80 years. Many years ago it passed from father to son. Now it’s time for the son to start enjoying a… read more

LED it shine!

Sometimes you need to look further than the end of your nose. This certainly applies to a consultancy such as Zanders. In the past two decades we have helped companies in many diff erent sectors to find optimal financing for their… read more

Themasoft is ready for the next step

Zanders supervises sale of software house to IT entrepreneur

Software house Themasoft operates at the exciting cutting edge of software and finance, with customers such as banks and asset managers using the company’s robust, integrated solutions. Themasoft is now ready for a broader market but they could not… read more

The straddle a tool in volatile markets

Speculating on the rise – and fall – of security prices

Put and call options are quite well known among a large crowd. The ‘straddle’ however, is less familiar to the general public. It became famous after its (mis)use by Nick Leeson, which caused the bankruptcy of Barings Bank in 1995. In… read more

Zanders is expanding

its UK office

Three years since Zanders first established its office in London, three new members of staff are set to help consolidate the company’s presence, with the aim of becoming a household name in the UK market.

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Zanders advises Spant! management on unique buyout

Management on unique buy-out

The Spant! theater and conference center in Bussum is set to become an independent organization. The current management, managing director Paul Haighton and financial manager Bert Dijkstra, will take over the whole operation. Zanders played an advisory role in this management… read more

A structured approach to pricing

The importance of a structured and consistent approach towards setting interest rates for inter-company loans.

Multinational companies are increasingly faced with regulatory requirements from tax authorities worldwide regarding the pricing of inter-company loans. This article looks at the importance of a structured and consistent approach towards setting interest rates for inter-company loans - an area with… read more

Zanders Treasury Scan: ‘You know precisely where you stand’

Treasury scan identifies risks and improvement potential

One thing to come out of the economic crisis is a renewed focus on treasury. Treasury can help save costs and – even more importantly – make risks transparent and controllable.

Anyone who is curious to gauge the state of… read more

Creating a win-win situation with Wallet Distribution

Bank relationship management

With a shift in risk awareness and a trend for corporates to diversify their banking partners, Zanders has devised a model to objectively review banking relationships from a corporate perspective. So what is the Wallet Distribution Model and how does it… read more

Zanders Interim Services

Temporary staffing solutions

So your treasurer goes on maternity leave or your risk manager quit, while his or her successor can’t start for another three months?

In the past you may have been forgiven for panicking, but now Zanders Interim Services (ZIS) is… read more

Value of optionality in ‘Direkt vermarktung’

Alternative valuation method in the sustainable energy industry

Zanders has been involved in financing issues and transactions related to sustainable energy for several years now, supporting developers, power companies, and start-ups in a variety of countries.

As part of one of its consultancy projects, Zanders advised a Dutch… read more

How mergers and acquisitions are developing

The present economic downturn is headline news day in, day out: the economy shrinking, unemployment rising and companies posting poor results.

Furthermore, the malaise is having a significant, perhaps even permanent, effect on mergers, acquisitions and management buyouts.

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In sickness and in health?

The key to a happy corporate-bank relationship

Credit is the backbone of the corporate’s relationship with its banks, if not in the short term, almost always over the long term.

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WACC: Practical Guide for Strategic Decision- Making - Part 8

Increasing Shareholder Value by Utilizing Tax Opportunities

The WACC is a calculation of the ‘after-tax’ cost of capital where the tax treatment for each capital component is different. In most countries, the cost of debt is tax deductible while the cost of equity isn’t, for hybrids this depends… read more

WACC: Practical Guide for Strategic Decision-Making - Part 7

Keep Track of Your Company’s Valuation Gap!

The seventh article in this series on the WACC discusses how the company’s valuation gap might be used as a potential source of shareholder value creation. It explains why current market prices, as observed on stock markets, might temporarily deviate from… read more

WACC: Practical Guide for Strategic Decision- Making - Part 6

Estimating the WACC in Emerging Markets - The Challenges

From the previous articles in this series, it can be concluded that estimating the WACC is already a diff icult exercise in a developed market. Doing the same exercise in an emerging market environment will be even more challenging. This article… read more

WACC: Practical Guide for Strategic Decision- Making - Part 5

Project Selection - How to Choose the Right Project and Make Effective Comparisons

Part five of the WACC Guide examines the extent to which input, assumptions and models used for project app roval can create a biased opinion of the shareholder value.

Treasury, as the custodian of risk management, could reinforce its role… read more