Financial
valuation

TRANSACTION SERVICES

Proposed
missions

Our teams have developed an expertise adapted to the specificities of each company.

BUSINESS VALUATION in a transactional context

What is a business value? What value should be used as a basis for negotiating the purchase of an equity holding? To which assets and liabilities should the purchase price of the target be allocated, and at what level?

valuation of assets and liabilities

What value should be assigned to the identified intangible assets? How to implement asset impairment tests? What value should be assigned to equity (stock warrants – start-up stock options) and debt (convertible bonds) instruments issued?

valuation in a merger context

Are the exchange parities provided for in the treaty fair? Does the value of contributions in kind help pay up the share capital?

Appraisal audits in an “AIFM” regulatory context

What fair value of investments should Private Equity funds use to determine their net asset value ?

“Business valuation is neither an art nor a science. This is why the value is not the price. We provide you with the benefit of our experience to achieve a “fair value”.”

Maud BODIN VERALDI

Partner

DEDICATED team

INDEPENDENT APPRaisal audits

business valuation missions/ YEAR

Tailor-made expertise

Maud BODIN VERALDI, Accredited Senior Appraiser, and vice-president of the CCEF (Compagnie des Conseils et Experts financiers), is actively involved in these areas, both operationally and with professional bodies. Our dedicated team has both audit and finance expertise. The conduct of missions, adapted according to their context, is based on :

Compliance with international standards (IVSC) and sectoral practices (IPEV Guidelines in an AIFM regulatory context)

The use of stock market databases (Bloomberg® – Infront Analytics®) and transactional (EMAT-Epsilon Research® – Capital Finance – CF News) and recognised economic analyses (Xerfi)

Valuation techniques in accordance with market practices, which depend on the prior analysis of the company’s strategic positioning, its key success factors, and its business plan.

An approach based on a good understanding of the business model and the relevance of the sectoral, stock market and transactional references used.