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 Through our partnership with
Numeria Management LLC, we provide corporate pricing services to firms that want an objective, independent and robust valuation opinion before pursuing corporate or capital transactions.
By corporate transactions we mean the purchase or sale
of a business or joint venture interest, as well as recapitalizations or
restructurings that involve a change in ownership or collateral interests.
Capital transactions, on the other hand, typically involve the issuance – or
purchase – of equity, debt, or derivative securities.
We measure value in context, which means we consider the
circumstances of a potential transaction rather than mere spot market prices.
And when appropriate, we recommend ways to protect or enhance the value to be
realized. We do not, however, raise capital, broker deals, or sell bundled
services that could in any way impair the objectivity of our advice.
Typically we work with the CEO, CFO or the board of directors, who demand and receive the following:
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Results, with a clear understanding of our opinion’s derivation, acceptable tolerances, and limitations;
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Confidence that our opinion is accurate and bias-free, especially from conflicts of interest like fees contingent on transaction outcomes; and
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Advice during transaction negotiations or when value enhancement steps, which stem from our work, are taken.
These needs arise whenever a board and management team
prepares for a significant change in course, one that invariably tests their
fiduciary duty as directors and officers. Common examples include:
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Mergers, acquisitions or divestitures
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Strategic alliances or joint ventures
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Recapitalizations, reorganizations or liquidations
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Shifts in strategic direction
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Major corporate litigation
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Because value is literally in the eye of the beholder,
it is crucial that we view it in proper context: buyer and seller, or issuer
and investor, and always in the marketspace.
We combine time-honored approaches to strategic and corporate finance advice with cutting-edge market-based pricing to tailor each engagement to the particular circumstances at hand. And through our partnership with
Numeria, we deliver unparalleled results that are not just more precise but more accurate.
In a world awash with advice, we distinguish ourselves by our objectivity, transaction experience, and Numeria partnership:
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Objectivity
With at least two principals and perhaps several intermediaries at a
negotiating table, the voice of an impartial business advisor is priceless.
Straight advice is only possible, however, if one’s fee isn’t tied to the size,
timing or outcome of a deal. Ours never is.
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Transaction Experience
Unlike many consultants, we have direct experience as principals: buyers,
sellers, investors, and issuers. This means our analyses and advice are
grounded in the reality of making deals and living with them, not just applying
theory and building financial models.
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Numeria Partnership
Numeria provides the clearest view of a firm’s value because it delivers superior results through a patent-pending, stock-exchange-like process using multiple analysts. And not only does this provide an paralleled valuation of a firm, but it clearly reveals the Wild Card Risk(sm) and Valuation Price Efficiency(sm) that all other methods cannot.
For additional information about market-based pricing or corporate valuation, please .
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