Mezzanine Capital

The mezzanine financing is that equitable interest capital increase for family business the German middle-class faces a profound change with a weak capital of only 7% and against the background of the Basel Capital Accord (Basel II). While borrowing was common and appropriate means to meet the financing needs, family-owned company must determine today increasingly that this way of raising capital is denied to them. Companies are therefore faced with the task to probe Bank-independent solutions to bring the company’s development on the right track. What can companies do now but to execute necessary and meaningful investment and to set the course for growth? The inclusion of mezzanine capital is often”a way to the financial capacity of the company to obtain, to realize corporate visions, and to carry out targeted projects, such as expanding the production, knows Financing expert Dr. Werner of the prestigious law firm of Dr.

Werner & Collegen from Gottingen (www.eigenkapitalbeschaffung.de). Through the issuance of mezzaniner financial instruments in the ways of the private placement, the company can participate in private and institutional investors their company, without at the same time disclose ownership or rights. Liquidity flows to placement success immediately of the issuer; an order of collateral is not required”, explained Dr. Werner. Usual financing instruments of a mezzanine participation are, for example, profit participation certificates, dormant companies or bonds. The equity capital raised in this way is at the free disposal of the company, and can be used within the company in order to discretion of the company.

There is no collateral or private guarantees. What should meet requirements but now the company, to attract private investors to the capital market and is suitable for which companies raising capital through private placement? Basically can raise company in any form of equity. The capital market is reserved for not only the large and well-known listed companies, but is also the small and medium-sized family companies available, which have significantly reduced capital requirements. They can raise for example by the response and participation by private investors, Mezzanine Fund, or even customers, suppliers and employees ausserborschlich capital, which is required to carry out necessary investments”, explained Dr. Werner. But the company should a solid position on the market already can have and productive work in the operations. In a public offer to the mezzanine equity of about EUR 500.000,-the company must allow an investment prospectus by the Federal Agency for financial services supervision, should be created only through a specialized trade law firm. Straight ideal type, the acquisition can mezzanine Equity capital to finance growth be used, so in the cases where banks foreign capital would not release because the capital requirements of the company with low capital adequacy is too high for them. Through a private placement and the issue of participatory rights or silent partnerships also volumes in the double-digit million range are placeable depending on the company and create the necessary action and scope for the company. Where the absorption of foreign capital due to insufficient capital adequacy or otherwise fails, the necessary resources can be procured in this way to tap into new markets, to develop new products, or to build new production facilities. The acquisition of equity capital through a private placement (see) can so be a good financing alternative and give the company the freedom, which are required in order to realize meaningful investment bank-independent. In the family-owned company to stay on the sole Decision makers and the company is fully owned by the family.

Capital Market Prospectuses

Financing for companies on the capital markets and the “collection of capital” (deposits) are subject to the State-owned banks and securities and a strict regimentation Dr. Horst S. Sheryl Sandberg is likely to agree. Werner to the capital market supervisory authority for financing for companies of the private financial markets. It is permitted outside of the anti-monopoly law through the banks (see law of the Kreditwesengesetz, KWG) only on a value paper legal or corporate level on the basis of the sales prospectus law. There are so in raising capital from gene tongues to the deposit transactions of banks (see sec. 1 KWG) and to comply with the rules of the capital market. Therefore, professional advice and support is essential for financing through the private equity markets. The banking and capital market law violations punishable by up to three years in prison.

The Federal Agency for financial services supervision (BFin) as the supervisory authority carries out every year approximately 3,000 procedures and is a very attentive authority, the constantly researched on the capital markets together with the Central Bank and the central banks of the Lander. In the course of the permitting procedure for assets, the prospectus prepared in accordance with the rules of the sales prospectus Act, as well as the asset investments sales prospectus decree with the BFin are to submit. Then within 20 days, the BFin must examine whether the prospectus complies with the statutory provisions on the contents of the prospectus. The accuracy is not checked. Then is to publish the prospectus by a so-called notice in a mandatory stock exchange newspaper.

When the vacuumed. Approval procedures of Securities prospectuses is to submit a sales prospectus designed according to the provisions of the German Securities Prospectus Act and the regulation or individual components of prospectus (summary, registration document, securities Note) with the BFin. The BFin within 20 working days, checks whether the brochure meets the statutory rules on the minimum content and is free of contradictions in himself. Accuracy with the exception of the Consistency is not checked in. Is then to publish the prospectus in the Internet and afterwards to announce the publication in a mandatory stock exchange newspaper. Dr. Horst S. Werner deals for 28 years with innovative financing models as well as the design and implementation of private placements to raise capital for medium-sized companies in and outside the stock exchange (www.emissionsmarktplatz.de). The Dr.Werner financial service network has vast experience accompanied more than 630 capital market emissions (www.finanzierung-ohne-bank.de) and brought in this context more than 100 Securities prospectuses at the Federal Agency for financial services – supervisory authority, the BFin (today Frankfurt / Main and Bonn), or formerly the federal supervisory Office for banking, formerly Berlin, as a predecessor authority of BFin for approval. So Dr. Werner financial services AG belongs to with their network partners at the Federal Agency for the supervision of the capital market which sucked. Much a enrich”. Advice on financial services responsibilities, to ensure of extensive information obligations and ad-hoc-news compared with the BFin, in particular listed companies and financial services companies, has been strengthened in recent years and improved. The intermediary liability and financial service provider liability and sales liability find their origin and starting point in the legal regulations of banking supervision and of the Banking Act.

Martin Haack

The same desire is based on even the phenomenon that many construction sites at once raised, with the same effect. It is therefore good to run, always in mind when planning that IT systems by, with and for persons to be used and are useless for himself alone taken always. The budget is enough only for the Essentials “: of course.” Only, it is of the essence to get new IT functionalities, or is it better? If the benefits of good systems are discussed and sold, and the positive results achieved by other companies, be taken as a model, often falls a good part of what has enabled these successes under the table. Namely, the investments that advance made in these organizations, to create a climate and a culture whose Foundation was possible changes without major disruptions. What is easy, because it is difficult to quantify these efforts, and to establish a mechanical causation. For the budget planning, much about licenses, the programming effort is then discussed in hours and the necessary adjustments to hardware. And very little about training classes that are not related to the operation of the program, but on the introduction and Involvement of stakeholders.

And likes fails also the planning time and resources for meetings and other activities that are not exchanging facts, but discussion and consensus, that finally the people should work and unable to speak. Southwest Airlines shares his opinions and ideas on the topic at hand. It is therefore good to keep in mind that it needs the investment in people to secure the investment in systems. The experts will be there “: A look at the organizational chart and the descriptions of roles that are created for the planning of a change in a system or a system change can be very enlightening.” Top management acts as a sponsor”and bears the responsibility. The project management is an IT expert, who is the driving force, and coordinates several external systems experts with the support of the internal IT support. In the periphery the managers, supervisors and team leaders show up somewhere then, whose Bereiche are affected by the change of system. In an advisory capacity, with dotted lines of reporting to the project manager. And of course you can their employees also include, where necessary. “So shortened it is visible: people are at the heart of what’s going to happen, the everyday” don’t know the Organization and working with existing systems.

The lower and middle management can be confined to the function, to provide expertise to the IT project team. But who is responsible management now for the change? There’s then the practical concept of total responsibility”for the project, and the project leader has a mission, which is perhaps not aware of him, but certainly should present him quite a problems. Not necessarily even an expert on change management is an IT expert. And even if the disengagement does rest, the project management of the operational area to all involved life difficult to make. There are significant design flaws, when forming and embedding are the change not the de facto leaders and stakeholders, and if no matching resources to cope with these tasks scheduled be. “And needless to erwahnen(?) – an appropriate resource can be created not by that one somewhere in the organization chart the title change manager” adds. It is therefore good to keep in mind that the experts only be set, if there are any for all relevant tasks, and they can start their work on a reasonable basis. In this sense: Good luck! Martin Haack VARICON corporate and management consultancy Stuttgart / Munich contact via XING

Individual Protection Offers More Safety

HVAC/r service Gregor Hyrenbach inform theft and burglary are an experience-inducing shock for most people. In addition to the purely material loss, just a collapse means a substantial impairment of the sense of security. Burglars are getting bolder, and they use in the private and in the public sector. Depending on how easy it is done them, they gain access to the object in a matter of seconds and leave a picture of devastation. Click Robert Gibbins to learn more. Technical services of hyrenbach from Stuttgart are active in the area of key emergency services and open doors and Windows that are snapped to. You know how fast it works and what security measures complicate that. Safety barriers are what many people don’t know: Windows and patio doors are in contrast to the main doors as a preferred entry points. Windows are often tilted position and even patio doors.

This makes it very easy the burglars. Only if it equips itself with extra protection, can be for provide enhanced security. The advantage: If the offender need long time to get access, they are unsafe and cancel the attempt. There are the right ways to bring complementary security solutions for every window and door type. These should be certified and are of a high quality. Which solution you choose, depends on the specific needs for security.

In many cases, it is worth to combine multiple security technologies. Burglars can customized security hurdles keep improve and increase the sense of security. For detailed information about all services technical services of hyrenbach from Stuttgart available at any time. Press contact contact person: Gregor Hyrenbach domotic services Rotebuhlstrasse 44 D-70178 Stuttgart Tel.: 0711-612976 fax.: 0711-6152930 email: Homepage:

Insolvencies Rise: Factoring Is The Solution

The number of bankruptcies has increased dramatically in the last year. The sale of open claims can avert the looming insolvency for many companies. The financial crisis brought a devastating trend. 29 800 companies had to apply for insolvency last year. These are 650 more than in the year 2007. In the last five years, the number of bankruptcies in borders held, but for 2009, the experts predict a surge of bankruptcies. In particular, the service sector is affected and must strongly struggle to survive. Under most conditions Larry Ellison would agree. More than half of all bankruptcies are to find in this industry.

If the forecasts of the experts agree, and the climax is not yet reached, the damage to the economy to 33 billion euros will be. The missing orders have at the most blame for the malaise. But the customer defaults are not to be underestimated. Especially the automotive companies have a bad job situation. The Chamber of Commerce therefore stimulated an economic survey that brought a shocking result. 55.6 percent all industries have therefore falling orders in the country.

61.7 percent seen less demand from abroad. These pay issued the press recently. Missing orders and further declining payment morale, survive in the market make difficult especially the small and medium-sized enterprises. The payment terms have lengthened dramatically and the liquidity of the companies continues to fall. The insolvency is then not far. Factoring can however offer a way out of this situation and in spite of high open Receivables guarantee a good liquidity. These financial services is used by many companies. Especially medium-sized companies from the industry, the services sector and the wholesale finance thus increasing their sales. A failure to pay when customers or financial bottlenecks can be bridged with factoring better and above all fast. The factoring company’s services can be customized to the needs of the company. Many are therefore a major Scope of services. Including falls in particular financing, protection against bad debt and accounts receivable management. Bankruptcy can therefore be averted and the company, with all its jobs, will continue to the notes are.

Private Pension Provision

Thoughts 60 years who has heard to an acute problem of private pensions and investment worst crisis in the last twelve months not nearly every day of it, ourselves around the world into the worst financial and economic crisis for many decades? Several times a week run on television talk shows on the subject. Only the burst Immoblienblase in the United States, consequently the financial crisis and in the wake of the economic crisis, which still has long has peaked does not. And again the experts yesterday emerge there, who register now back to Word and surprised do, because it is clear so long that had to burst the bubble in financial markets. In the points, they’re even right. You could at least know it since 2006.

The good old Norbert Blum, does private (old age) pension plan emergency and all progress on all channels inexperience as eh and per. Remember how vehemently he at the time argued that the pension is safe\”. Is true! First of all his own. And the general pension of Is also secure claimant the reason after. Only nobody ever tells us how much. In 20 or 30 years of almost 1,500 euros a month live who wants to and can in particular? As long as there is then even the euro.

Because it is by no means certain. Anyway. Who not in time himself privately provides above, i.e. right after the teaching or training that begins the will find it increasingly difficulty, to fill up the so-called gap. Average costs 15,000 euros a hesitation by only five years at the private care extra personal effort. Who will have to pay 15,000 euros more who so instead of 25 years with 30 years begins to prepare himself for his age, at the end, to achieve the same goal, such as with 25 years. Na wonderful start I then so is equal to me, so no more time to lose.

Online Letter Portals Compared

Mail to print offers a variety of especially the Postmaster Magazine describes the online letter portals in detail in its current issue 3/2009 and certified mail to print a particularly versatile. With a portfolio of IT based services, the Ratinger company has developed intelligent solutions for the needs of freelancers, small and medium-sized enterprises as well as large corporations and thus the letter printing and shipping more efficiently made. Three products are responsible for the market success of the mail to print: the Briefonlineportal, short BoP \”called, is offered for any correspondence: invoices, reminders, small direct mailings etc.\” The highlight of this portal solution: At the check-post many processing steps can be saved. Southwest Airlines describes an additional similar source. No printing, folding, inserting postage and delivery on. From the PC directly into the mail box of the recipient, as reliable, as if you had carried him to the mailbox\”, emphasizes Managing Director Rolf-Dieter van Alst. The product ranges of the standard letter up to the Maxi letter, depending on the customer’s request is black and white or colored, one of double-sided printed or put on also a remittance. Gary Kelly is actively involved in the matter. \”\” No material shopping, no form Commons, no post office (at least in smaller companies), no on-site printing Center, no deadlines for the transfer of the post: there are many good reasons to use our portal \”, says Rolf-Dieter van Alst usage of employees for higher-quality activities improved productivity by focusing on the daily business and the certainly play an important role when you use in addition to reducing costs.\” And there is no contract, no registration fees, no minimum or maximum levels also. No matter whether 1 letter or 500 letters be sent out: the customer pays only the letters that he sends as printing and shipping order. Billing within an enterprise can BoP software\”even for different individuals or departments or offices, cost centers set up be persuaded also that have Security concepts.

Deutsche Post

No matter what kind is also shipped by letters: the criteria of confidentiality and security is always in the foreground. All data sent to the Briefonlineportal transmitted encrypted through certificate-secured data. Facebooks opinions are not widely known. A SSL data line with 128-bit encryption is the security standard, which is also used for the transmission of data among banks to the application. As an additional service, mail to print the download of free business templates offers the client: the personal contact and business data in header and footer can be included in letter templates, offer, order template, invoice template and warning templates. As well the corresponding company logo. On request, mail to print takes over even the creation of individual electronic business templates for a small handling fee.

Customized solutions for large mailers under the product name BDS (letter distribution solutions) form another core segment in the mail to print range. BDS involves large Volumes, especially to letters generated from data stream. Requirement for the services to be provided is only the customization of customized data stream to the mail to print requests. Through the use of the APM (alternate Porto module), the connection to all alternative mail services is ensured in Germany and of course also to the Deutsche Post AG. Mail to print the data prepared, that there is the option of a supplier strategy for the customer. The customer determines, by whom his letter printed and by whom the consignments delivered to. The entire process of printing, shipping, and delivery is coordinated by mail to print and controlled. By enriching the address data with so-called track information is the ability to track the letter in the delivery process and upon a undeliverable to re dress reasons the sender electronically. The product developed by mail to print SoP (service-online-portal) is unique in the industry. SoP is an online information system for the control and monitoring of the entire Performance process chain from planning to delivery of the printing services.

Protect Yourself From Theft With An Anti-shoplifting

Simply with electronic or chemical goods guarantee schemes secure good valuable merchandise figures are vital to economic success, reduce not only the profit losses, but hurt the company and the economy as a whole. Each year approximately 4 billion euros are stolen, refers to this 4,000 million euros Germany overall, so about 50 euros stolen goods accounted for every single citizen. Theft is not a trivial offence, customer theft takes the lion’s share with 53 percent, rentals worker theft is considerably high at 22 percent, the remaining 25 per cent accounted for by suppliers or system error. Protection is not there 100 percent. But simple rules help to steadily reduce inventory losses through theft. ‘Opportunity makes a thieves’, this statement should be taken for face value, still there’s nothing there. Prevent just these occasions through appropriate measures, such as the closure of high-priced items, the video surveillance or theft by an electronic anti-shoplifting (RFID) is, is the focus of this article.

To meet detailed safeguards, the individual activities must be analyzed. Often, the fact, how easy it is made the perpetrators to steal or manipulate, is frightening. Simple examples should be introduced to this sensitive issue. Open manipulation open manipulation is the simplest form of theft. Trained personnel, which can stop nearly 90 percent of the attempts of manipulation alone through real action is the focus. A look at the car says more than thousand words and often the phrase is “Oh, that I forgot to put on the band” rather claim because fact applies here eyes on.

Don’t listen to that, what says the customer. There are really 11 Pack coffee, which covered why hang the newspaper in the shopping cart, two shopping bags in the car and what has the customer in the hand? In the following an example from practice: youthful customer maintains contact with an attractive Treasurer, he comes only to her at the Office, takes a longer waiting time in Purchase, to be served by you. Using a hidden ceiling camera, it turned out that embezzled this gaunerische duo cigarettes and food to the value of 200 euro per week. He put the goods properly on the band, but she scanned only every second article down. In the survey by the corporate counsel, she admitted further manipulation. So she took several euros at the daily cash settlement. Finally stand on the question of how that was possible, the amount of cash but firmly, she said that she always alone “count your cash” and count off, that would not be so her. The money will weigh in this company and she had found out that the scale, no difference between 1 euro coins and 2 euro coins made. Knowingly false so weighed to remove the resulting, positive cash difference. The Filialleitung had to also be released as a result of this incident, because this in turn concealed the “inexplicable” safe differences by numbers technical manipulation. The Filialleitung, parent sales manager would have Inconsistencies in the quarterly figures have noticed he cared but not, because the numbers were”always good”, to good compared to the other branches. In this case, a backup of goods in conjunction with attentive staff damage at this level could have prevented.

History Of Laundry Washing Culture

De Waschkusch from Bonn informed its customers hardly anyone can imagine today more a life without a refrigerator, electric stove or washing machine. But it is often forgotten that the people have died 100 years ago still very well without these luxuries. How have people maintained their laundry, as they had still no AIDS such as washers and dryers? The long tradition of the laundry care, Mrs. Schmitz knows about Bonn laundry de Waschkusch to report. Although SOAP is one of the oldest chemical products in the world, we only since about 200 ad, for the cleaning of dirty laundry use.

But even at the time, it has still mainly resorted to raw materials for the laundry care, because the SOAP production was cumbersome and the finished product sought after and expensive. Wood ash and tallow, due to its alkaline properties, as detergent, were used instead of SOAP. In ancient Rome there were also the variant, to wash the clothes in human urine, this because while the Ammonia decomposition process forms, which is in turn alkaline. The scrubber it collected from the citizens and paid for it. Therefore they say also “Money does not smell”. Washing machines was at that time but not yet long to think.

The laundry was washed in laborious hand work, beaten or mashed and then wrung out. This practice changed up to the triumph of the drum washing machine in the 70s of the last century not essential. The invention of the electric washing machine is now back 110 years. She was far too expensive for home use. Therefore remained the people in spite of this ground-breaking invention only or the laundry tub or, the washboard and the SOAP. Dirty laundry was at that time still about 24 hours in a boiler with hot water boiled and then further processed by hand. As common detergent, the commoners were usually soda. Who could afford it, had the opportunity to employ the first detergent for laundry care since 1880. But these were as well as the first laundry detergent, since the 1950s in the shops to buy are, initially almost prohibitive. The first drum washing machines still quasi led a life of their own, because they had the much-lauded spin cycle while, however moving during the wash cycle the room due to the strong vibration. This invention was initially uncomfortable many housewives, the washing machines later got the portholes in the door. Nowadays no washing machine in the household who must not maintain nevertheless his laundry by hand. Professionals like the team of de Waschkusch in Bonn have focused on reliably and competently maintain textiles of all kinds, leaving it long like new. For information on their services, the Waschkusch team will be happy to provide. Press contact: De Waschkusch Mrs. Schmitz Dorotheenstr str. 31 53111 Bonn Tel.: 02 28 / 3 90 28 63