Valuation

Corporate transactions (M&A), financing decisions and other entrepreneurial initiatives as well as regulatory requirements require multiple quantifications of decision bases in the life cycle of a company, for instance: 

• In the run-up to and during the implementation of corporate transactions (M&A), initial public offerings (IPOs), joint ventures and financing, business decisions must be made with due diligence. Purchase or sale prices often have to be determined as a basis for negotiation or their financial appropriateness assessed or the financing requirements determined from integrated corporate planning.
• As part of the integration of acquired companies, corporate law measures are regularly carried out that require company valuations or valuations of assets and liabilities. These include structural measures under company law such as control and/or profit and loss transfer agreements, squeeze-outs, mergers, demergers or contributions/capital increases and debt/equity swaps.
• For accounting purposes, purchase price allocations are carried out in accordance with national and/or international accounting standards (IFRS, US GAAP) as part of initial consolidations. The resulting goodwill and other assets as well as investments in the annual financial statements must be tested for impairment.
• Tax valuation occasions include, for example, company successions (inheritance and gift tax), conversions, transfers of functions and documentation on the usability of loss and/or interest carryforwards.
• Contractual valuation issues include, for example, the entry and exit of shareholders, inheritance disputes, family law issues and the implementation of valuations from arbitration clauses.

In these and other valuation cases, we support you with our comprehensive range of services tailored precisely to your situation as consultants, experts or arbitrators. 

This includes, among other things:

• Indicative and expert company valuations using the IDW S 1 valuation standard and international valuation principles
• Fairness opinions in accordance with IDW S 8 and international principles
• Valuation of intangible assets in accordance with IDW S 5 and other practical standards
• Purchase price allocations (PPAs) in accordance with IFRS 3, US GAAP, HGB and tax law
• Impairment tests in accordance with IAS 36 and US GAAP
• Investment valuations in accordance with IDW RS HFA 10
• Customer-specific financial modeling for integrated corporate planning.