VRC is widely respected for its depth of industry knowledge, technical skill, and responsiveness to each client’s unique needs. Our valuation professionals are deeply involved with clients to understand their industry and the nature of their business. We’ve performed valuations of debt and equity of over 3,000 companies and 5,000 investments.
We excel in situations where multiple businesses, franchises or multi-location units need to be valued. Our domestic and international presence enables us to specialize in most industries and can deliver sector-specific expertise as well.
We serve clients in all major industries and have served more than half of the Fortune 500. Overall, we define our client base as 1/3 public companies, 1/3 private equity firms, and 1/3 hedge funds/BDCs.
We offer particular experience serving clients in the following industries:
- Automotive, Aerospace and Defense
- Beverage, Brewing and Bottling
- Brands (Retail & Luxury), Consumer Products/Consumer Packaged Goods
- Cable, Broadband and Communications
- Chemical, Biotechnology, Clean Technology
- Construction, Design, Engineering
- Data and Data Storage, Cybersecurity
- Distribution Services
- Energy, Coal, Minerals, Mining, and Oil & Gas
- Financial Technology and Payments
- Financial Sponsors and Asset Management (Private Equity, Hedge Funds, Venture Capital, Business Development Companies)
- Food Processing, Restaurants, and Hospitality
- Franchises and Other Multi-Location Properties
- Health & Beauty
- Healthcare, Life Sciences, Medical Products & Devices, and Pharmaceuticals
- Intellectual Property
- Industrial Products and Manufacturing
- Media Communications, Entertainment, and Printing & Publishing
- Medical and Dental Practices
- Pet and Animal Care Industry
- Software as a Service (SaaS), Desktop as a Service (DaaS) and Internet
- Sports, Fitness, and Recreation
- Technology, Telecommunications
- Transportation, Supply Chain
- Waste Management
- Wholesale Distribution
Our Expertise is Further Highlighted by Industry Case Studies:
A leading commercial agribusiness client in Argentina was interested in selling their company, which was focused on cultivating and producing olive oil, table olives and wines.
An industrial property consisting of various manufacturing machinery & equipment was a candidate for an ad valorem tax reduction.
A client who designs, engineers, and manufactures value-added products and systems for automotive and light-vehicle manufacturers acquired an automotive components manufacturer.
Brands: Food & Beverage
A leading manufacturer of branded food products engaged VRC to estimate the fair value of certain intangible assets acquired in a business combination.
We were retained by an energy production company whose subsidiary acquired distressed energy assets from an energy & production company. In selecting a valuation methodology, we needed to consider the significant divergence in the enterprise value of the business versus the un-discounted value of the assets given the dramatic drop in commodity prices at the time.
A brand valuation that estimated the fair value of intangible assets acquired in a business combination was needed by a personal care product company for the sale of its branded and private label products.
A leading international producer of nitrogen products acquires a nitrogen manufacturing company requiring a valuation for allocation of purchase price according to ASC 805.
Oil & Gas
VRC provided a required valuation of tangible and intangible assets for a Master Limited Partnership (MLP) client in support of a purchase price allocation. There were no detailed fixed asset records; VRC needed to overcome significant data limitations.
In order to comply with Accounting Standards Codification 815 (ASC 815), an early stage pharmaceutical company asked VRC to analyze the entire convertible callable note and determine the fair market value of each of the embedded derivatives.
A private equity sponsored cloud based provider of manager content, enterprise lending services granted certain management incentive units to participating executives, as compensation to incentivize management performance.
A PE-sponsored cloud based provider granted equity compensation incentives to executives. To comply with financial reporting requirements of Accounting Standards Codification 718 (ASC 718), the provider engaged VRC to determine the fair value of the issued units.
A large multinational consumer products company acquired a South American company operating in the same space. VRC was engaged to estimate the value of the PP&E and intangible assets for financial reporting purposes.
Financial Sponsor: Hedge Fund
A shareholder of a closely-held hedge fund was not receiving the appropriate level of compensation per agreement with the controlling interest shareholder.
Financial Sponsor: Private Equity
A technology company was purchased by large private equity investor. With the purchase price set, the new entity was capitalized with debt and three different types of equity securities.
Property taxes were levied on only real property portion of a hospital, key to analysis was separating the value of the business ops from that of real property.
Financial Sponsor: Hedge Fund
A hedge fund client held convertible note in a company that restructured outstanding debt. As part of restructure, the note was exchanged for two separate Term Loans.
We were retained by a leading provider of wireless messaging and information services to provide various valuation services for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
VRC was asked by the attorneys representing the seller to provide multiple common stock valuations on a retrospective basis that would withstand a Big 4 audit review under tight deal closing deadlines.
Our industry focus goes beyond the typical modeling scenario and deeper into our clients’ specific needs and strategic issues to deliver efficient sector-specific solutions.
Alternative Asset Valuations
Complex Securities & Portfolio Valuation Services for Illiquid, Hard-to-Value Securities
Valuations for complex instruments such as options, warrants, convertible bonds, contingent consideration, preferred & common stock
Financial Reporting Valuations
Valuations to make confident decisions & support evolving financial reporting standards
Valuations for all types of hard-to-value illiquid or non-marketable securities including level 3 securities, loans, bonds, equity & structured products
VRC’s industry-specific case studies, white papers and industry reports are invaluable tools to fully illustrate our deep expertise.