Business valuation and company sales from Münster

Fischer | Konrad is an owner-managed advisory boutique in Münster. Since 2011 we have advised on valuations and on the sale of mid-market businesses – every mandate is led personally by the partner, supported over the long term, and run with discretion.

Focus

What we do.

Fischer | Konrad focuses on business valuation, business sale and M&A advisory and Financial Modeling and CFO services. Our work ranges from individual valuation reports, workshops and financial due-diligence mandates to fully advised end-to-end M&A processes and long-term support in financial controlling.

Every mandate is led personally by the partner, from the first conversation to closing. In adjacent areas – tax, law, audit, restructuring – we co-ordinate with an established network of advisors of comparable standing. Where the client brings in their own advisors, we work alongside them.

Clients can expect of us methodological depth, personal accountability from the first conversation through to closing, loyalty, honesty and personal advice.

Location

Münster

Fischer | Konrad is an advisory boutique based in the heart of Münster. The Westphalian capital of Münster has around 320,000 inhabitants and is the fourth-largest city in Westphalia after Dortmund, Bochum and Bielefeld.

Economically significant businesses in and around Münster include Schmitz Cargobull, Brillux, Hengst Filtration, the Fiege Group and Dermasence. The Münsterland region has one of Germany’s highest concentrations of hidden champions and family-owned mid-market companies.

As a university city, Münster has an international reputation, with more than 60,000 students. The University of Münster – until 2023 known as Westfälische Wilhelms-Universität – is one of the largest and oldest universities in Germany. Fischer | Konrad was founded in 2011 as a spin-out from the university.

Yves Cedric Schulze on Unsplash

Managing Partner

Dr. Paul Markus Konrad

publicly appointed and sworn expert for business valuation

Dr. rer. pol. · Dipl.-Kfm. · LL.M. · CVA 🇩🇪 🇬🇧 🇪🇸 🇫🇷

Dr. Paul Markus Konrad is a founding partner of Fischer | Konrad and carries overall responsibility on every mandate. He advises mid-market – often internationally active – companies on valuations, M&A transactions and Financial Modeling, and brings his interdisciplinary background – business administration, law and political science – directly to bear on each engagement.

Background

Dr. Konrad holds a doctorate in the field of statistical methods and accounting. He holds degrees in business administration (Dipl.-Kfm.) and law (LL.M.) from the University of Münster and the University of Seville, and a degree in political science from the IEP in Lyon. He is a CVA (Certified Valuation Analyst) of the EACVA, a CCrA (Certified Credit Analyst) of the DVFA, and has completed restructuring-manager training at the GSO Management Institut (TH Nürnberg). Dr. Konrad speaks German, English, Spanish and French.

Curriculum vitae

since 2019: Publicly appointed and sworn expert for business valuation
2015–2017: Law studies (LL.M.) at Westfälische Wilhelms-Universität Münster, focused on business succession, inheritance law and wealth
2013–2015: Lecturer in risk and value-uplift management at the GSO Management Institut (TH Nürnberg)
2013: Restructuring-manager qualification at the GSO Management Institut (TH Nürnberg)
2012: Certified Valuation Analyst (CVA) qualification with the EACVA
2011–2015: Course lecturer in accounting and financial-statement analysis at Gesellschaft Deutscher Chemiker (GDCh)
since 2011: Founding partner at Fischer | Konrad
2011: Doctorate (Dr. rer. pol.) – thesis: The Calibration of Rating Models
2007–2011: Research associate at the Institute for Business Management, Department of Chemistry and Pharmacy, Westfälische Wilhelms-Universität Münster
2008: Certified Credit Analyst (CCrA) training with the DVFA
2005–2006: Studies in political science at the Institut d'Études Politiques in Lyon, France
2004–2005: Business administration studies with a marketing focus at the University of Seville, Spain
1999–2007: Business administration studies at Westfälische Wilhelms-Universität Münster, focused on corporate finance and international economic relations

Publications

Kehrel, U., Konrad, P. M.: Unternehmensbewertungen in der Bankenpraxis – Eine empirische Untersuchung deutscher Sparkassen und Genossenschaftsbanken. In: CORPORATE FINANCE biz (2013), 1-2013.

Konrad, P. M.: The Calibration of Rating Models: Estimation of the Probability of Default based on Advanced Pattern Classification Methods. Marburg: Tectum Verlag (2012).

Trustorff, J. H., Konrad, P. M., Leker, J.: Credit risk prediction using support vector machines. In: Review of Quantitative Finance and Accounting (2011), Volume 36, Issue 4, p. 565–581.

Konrad, P. M., Leker, J.: Developments in Credit Rating Agency Regulation. In: Oliver Everling, Yan Yin, Yusi Ding (eds.), Domestic and Foreign Credit Theory Studies and Standardization Practices. Beijing: China Metrology Publishing House (2010).

Konrad, P. M., Leker, J.: Regulierung von Ratingagenturen, die DVFA als Plattform und Impulsgeber. In: Fritz H. Rau, Peter Merk (eds.), Kapitalmarkt in Theorie und Praxis. Frankfurt: Fritz Knapp Verlag (2010), p. 373–389.

Publicly appointed and sworn expert for business valuation (IHK Nord Westfalen)CVA (EACVA)CCrA (DVFA)Valuations under IDW S 1