Wednesday, April 21, 2010

Asset Valuation - Standing Behind the Numbers

This month, David Hampson and Andrew Dunbar have been invited to write an article for Financier Worldwide Magazine. Entitled "Asset Valuation - Standing Behind the Numbers", GoIndustry DoveBid is effectively providing 'Asset Intelligence' for the leading source of 'Corporate Finance Intelligence'.

With a readership of more than 90,000 across 42 countries the audience for this piece includes senior corporate executives charged with financing and dealmaking strategies, senior members of in-house legal teams, corporate bankers and financiers, private equity and institutional investors and other legal and financial experts involved in M&A and corporate finance matters.

The magazine provides readers with valuable insight and analysis into the trends and developments affecting Mergers and Acquisitions, Private Equity and Venture Capital, Bankruptcy and Corporate Restructuring, Banking and Finance, and Capital Markets.

Watch this space for details of the published article.

Friday, April 9, 2010

GoIndustry DoveBid wins ACQ Asset Appraiser of the Year 2010

GoIndustry DoveBid has been awarded the prestigious Asset Appraiser award by the UK's M&A industry in ACQ Awards for the third consecutive year.

The ACQ Financial Magazine Awards is fully independent, representing excellence in the merger and acquisition industry, widely acknowledged by senior industry professionals. GoIndustry DoveBid was awarded Asset Appraiser of the Year, as asset valuation becomes an ever more critical issue for businesses and secured lenders. The award was voted by circa 7,000 industry peers who are readers of the ACQ financial magazine, making it the independent industry awards, voted by the industry.

We are naturally delighted to have been awarded the title of Asset Appraiser of the Year for the third time by ACQ Finance Magazine, a highly recognised and well respected publication in the financial arena.

GoIndustry DoveBid is a company focused on growth opportunities, building on its asset, industry and market expertise. We have a global valuation services business that provides asset intelligence and appraisal services to corporations, investors, lenders and their advisors. Our leading blue chip client list acts as further testament to our services and we believe the Company is ideally placed to build its position as the leading global asset appraisal company, helping our customers to become even more successful.

Procter and Gamble recognizes GoIndustry DoveBid with ‘Corporate Supplier Excellence Award’

The Procter & Gamble Company (NYSE: PG) has recognized GoIndustry DoveBid for the high standard of work carried out over several years. Only 55 out of 80,000 suppliers have received such an award.

Bob McDonald, P&G's president and chief executive officer comments: "P&G's growth strategy is to touch and improve more consumers' lives in more parts of the world more completely."

He continues: "This strategy is inspired by P&G's Purpose and it can only be executed in partnership with our suppliers. We are all focused on touching and improving lives, which requires us - together - to innovate, to streamline and improve the supply chain, to simplify the way we work, and to create sustainable solutions that improve lives today and for generations to come."

Rick Hughes, vice president of Global Purchases adds: “From market changing innovation to supply chain excellence, our supplier partners are foundational for building a stronger future. P&G is at our best when we have fostered relationships with our external business partners that enable collaboration in achieving our mutual goals, addressing challenges, and delivering ongoing innovation."

A unique opportunity to purchase A1 GP - the ‘World Cup of Motorsport’

Leading global asset sales and valuations company, GoIndustry DoveBid, is offering a unique opportunity to acquire the assets of A1 GP, better known as the ‘World Cup of Motorsport’.

GoIndustry DoveBid has been appointed to market the assets of A1 Holdings Ltd [UK parent company in liquidation] and A1 Grand Prix Operations Ltd [UK operating company in administration] on behalf of creditors in a Private Treaty Sale - in an effort to keep the popular race series alive.

A1 GP, founded in 2004, is a single manufacturer, open wheel formula racing series ratified by the Fédération Internationale de l'Automobile (FIA), in which identical cars compete against each other. The series is nation-based and included high profile drivers such as Nelson Piquet Jr., Vitantonio Liuzzi and Sébastien Buemi, who had previously raced in Formula One.

Explains David Hampson of GoIndustry DoveBid Valuation Services: “GoIndustry DoveBid is pleased to announce that its UK Insolvency team has been instructed by Griffins, the administrator and Bridge Business Recovery, the liquidators, to market the assets of A1 GP. The sale includes more than 20 of the latest Ferrari engined single seat race cars (2008), 14 of the earlier Lola race car rolling chassis (2005) and all of the support equipment, including the Maserati Quattroporte Sport GT and Ferrari 599GTB track safety cars. Offers are currently being invited for the whole asset package, including the intellectual property rights to the A1 GP series logos and brands.”

Adds Tim Bramston, a partner with Griffins, the administrator of A1 Grand Prix Operations Ltd: “We are delighted to be co-operating on this sale for the benefit of all of the creditors. We took the step of administration in order to re-unite the Ferrari powered cars with the intellectual property rights to use the brand. The vehicles have now been laid out for inspection in a single location and discussions are already underway with a number of interested parties. We are currently aiming to have a purchaser of A1 GP assets in place by the end of March.”

Says Tony Murphy, a partner at Bridge Business Recovery, the liquidators of A1 GP's parent company, A1 Holdings Ltd: "The intention is to market the series as a complete package. We are highly confident that a buyer can be found for the combined pool of assets and with it the prospect of the A1 GP series returning to our TV screens at some point in the near future. Not only that but the purchaser will command the commercial benefits and prestige associated with running the ‘World Cup of Motorsport’ series."

Any interested parties should visit http://www.go-dove.com/event-14131/A1GP-Opportunity-to-acquire-Grand-Prix-race-cars-powered-by-Ferrari?utm_campaign=14131&utm_source=go-dove.com&utm_medium=banner&utm_content=header and contact GoIndustry DoveBid by email at A1GP@go-dove.com.

www.go-dove.com/valuations

GoIndustry DoveBid Valuation Services launches new Asset Valuation Portal

GoIndustry DoveBid Valuation Services is delighted to launch its new Asset Valuation Portal: http://www.go-dove.com/valuations/. We would like to invite you to be amongst the first to visit the web site, which is designed to give you key information on specific assets, industries and markets, together with real-life case studies from our portfolio.

Also, look out for our first edition of ‘Asset Intelligence’, the first e-news bulletin from the GoIndustry DoveBid Valuation Services team, which will be sent to you in the next few days. This new resource highlights key information, news and views on specific asset classes, industries or markets that we hope will be of interest to you. In this special edition, we introduce the new asset valuations portal and cover a leading story on the latest assets for sale.

Our market leading asset valuations firm is part of GoIndustry DoveBid, the world’s largest online auction platform for buyers and sellers of used machinery & business assets. More auctions, combined with instant access to more detailed proprietary information and contacts, mean that GoIndustry DoveBid Valuation Services is the preferred choice of organizations seeking real-world accuracy and dependability.