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Nexia Ebner Stolz

Auditing

Business Valuation

In a constantly changing economic environment, companies are bought and sold, merge or go public. Shareholders and owners come and go, and corporate groups change their structures. Restructurings become necessary, and a company’s value also becomes significant when the question of corporate succession comes up. Apart from these situations, a valuation may become necessary because of legal requirements, changing ownership ratios, or IPOs.

Valua­ti­ons may be nee­ded not just for cor­po­rate deci­si­ons, but also for pur­po­ses of tax laws, cor­po­rate law and finan­cial repor­ting. We offer valua­tion ser­vices to fit your indi­vi­dual needs.Busi­ness valua­ti­ons have been a core com­pe­tence at Ebner Stolz for years. Whe­ther for cor­po­rate restruc­tu­ring, busi­ness ini­tia­ti­ves, fair­ness opi­ni­ons – whe­ther as an audi­tor, advi­sor, neu­tral expert or expert arbi­t­ra­tor – we have a dedi­ca­ted team of valua­tion spe­cia­lists who can bring their expe­ri­ence and know­ledge of your indu­s­try to bear in every valua­tion situa­tion.We deve­lop crea­tive, com­pel­ling solu­ti­ons for each of these areas.

Our many years as a mem­ber of the Pro­fes­sio­nal Com­mit­tee for Busi­ness Valua­tion and Admi­ni­s­t­ra­tion (FAUB) and its pre­de­ces­sor, the Busi­ness Valua­tion Task Force (AKU), at the Insti­tute of Pub­lic Audi­tors (IDW) mean that we play a sig­ni­fi­cant role in deve­lo­ping new stan­dards for busi­ness valua­tion in Ger­many.

Major-name refe­rence pro­jects in many dif­fe­rent valua­ti­ons for cor­po­rate invest­ments and cor­po­rate trans­for­ma­ti­ons have drawn on the high levels of trust placed in us by our cli­ents and by the courts, for whom we serve as fair­ness audi­tors or court-appo­in­ted audi­tors. Our net­work connec­ti­ons with lea­ding busi­ness law firms and our in-depth ana­ly­ses of the rele­vant case law ensure that our work ref­lects the cur­rent laws on busi­ness valua­ti­ons. Our opi­ni­ons on issues of valua­tion have appea­red in a wide variety of pub­li­ca­ti­ons and lec­tu­res.

Our ser­vices at a glance

  • Valua­tion under Insti­tute of Pub­lic Audi­tors stan­dards and opi­ni­ons IDW S 1 and IDW RS HFA 10
    • Cor­po­rate-law deter­mi­na­tion and audits of sett­le­ment and com­pen­sa­tion pay­ments under con­trol and/or pro­fit-and-loss trans­fer agree­ments
    • Cor­po­rate-law deter­mi­na­tion and audits of fair­ness of sett­le­ment pay­ments in squeeze-outs
    • Valua­tion of equity inte­rests for finan­cial repor­ting pur­po­ses
    • Valua­tion of con­tri­bu­ti­ons in kind
    • Assi­s­tance with pre­pa­ring briefs for mino­rity share­hol­der appeals
    • Valua­ti­ons as pri­vate experts in court pro­cee­dings
  • Valua­ti­ons for tax pur­po­ses
    • Inhe­ri­tance and gift taxes
    • Tax plan­ning
  • Fair­ness opi­nion
    • Fair­ness opi­ni­ons on the finan­cial fair­ness of a tran­sac­tion price
    • Backup for busi­ness deci­sion makers
    • Work as an inde­pen­dent expert
  • Expert opi­ni­ons in arbi­t­ra­tion
    • Valua­ti­ons as a pri­vate expert before natio­nal and inter­na­tio­nal arbi­tral tri­bu­nals, such as the ICC
    • Valua­ti­ons as an expert arbi­t­ra­tor in and out of court
  • Purchase price allo­ca­tion
    • Iden­ti­fying assets
    • Choo­sing valua­tion method(s)
    • Deter­mi­ning rele­vant para­me­ters
    • Cal­cu­la­ting values and docu­men­ting purchase price allo­ca­tion
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Related Topics

Ger­many adopts Chap­ter VIII of OECD TP Gui­de­li­nes 2017 for Cost Con­tri­bu­tion Agree­ments

With their cir­cu­lar dated 5 July 2018 Ger­man tax aut­ho­ri­ties start a new chap­ter regar­ding the tre­at­ment of Cost Con­tri­bu­tion Arran­ge­ments (CCA). Effec­tive 1 January 2019 (for CCAs imp­le­men­ted before the pub­lis­hing date of this cir­cu­lar effec­tive 1 January 2020) Ger­man tax aut­ho­ri­ties will apply Chap­ter VIII of the OECD TP Gui­de­li­nes 2017 for asses­sing CCAs. This means a sig­ni­fi­cant para­digm change since the prin­ciple of mutual bene­fit, which under­lies every CCA, is imp­le­men­ted dif­fer­ently in the con­cept app­lied by the Ger­man tax aut­ho­ri­ties so far and the new OECD con­cept.  ...read more