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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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