Equity Valuation of TFS and EPHOS Pharma Training Schools (Madrid)
Description of project
Argon Consultores, a strategic partner of Aninver Group, was engaged by Talento Farmacéutico y Sanitario (TFS) and EPHOS School of PharmaStudies, two post-graduate and master's training schools in the pharmaceutical and healthcare sector, to estimate the value of 100% of the share capital of each company within the context of their integration and merger process. The objective was to provide an independent valuation that would enable both companies to determine an equitable basis for the transaction. A dedicated financial model was developed for each entity applying the Discounted Cash Flow (DCF) methodology, incorporating projected cash flows and key valuation assumptions.
Services provided
- Review and analysis of TFS and EPHOS documentation, including annual accounts, business plans, and the pharmaceutical and healthcare training sector
- Development of a DCF-based Excel valuation model for each company, including cash flow projections and estimation of key financial parameters
- Independent valuation of 100% of the share capital of each entity to support the integration and merger process
- Provision of a comparative valuation framework enabling both companies to agree on equitable merger terms