VRC Provides Solvency Opinions for Tech Company Recapitalizations

Projects for Virgin Pulse and VPay reflect increase in opinion services as economy reopens and deal activity accelerates

By: Justin Johnson

San Francisco (May 10, 2021) – Valuation Research Corporation (VRC), a leading global provider of independent valuation support and advisory services, today announced the completion of two solvency opinions in connection with the recapitalization of private equity-backed technology companies. VRC was engaged to provide solvency opinions by the board of VPay, a healthcare-oriented digital payments provider, and by Virgin Pulse, which designs technology that promotes healthy lifestyles among employees.  VRC Solvency Opinion Provider“We are honored that VRC was selected by stakeholders at these two progressive technology companies to handle this important work,” said VRC Co-CEO Justin Johnson. “As the economy continues to grow, private equity deal activity is definitely picking up. But the commercial terrain has shifted quite a bit in the wake of the pandemic, so it’s often imperative for organizations to find expert third-party partners to provide solvency and fairness opinions as they undertake strategic transactions.”

Virgin Pulse was recapitalized by Marlin Equity Partners, while the VPay recapitalization was led by FTV Capital.

About VRC

Valuation Research Corporation is a full-service, independent, global valuation firm. Since 1975, our network of over 1,300 valuation professionals, which includes VRC’s 160+ U.S.-based colleagues, has provided objective, supportable conclusions of value to domestic and international clients. VRC has locations in Atlanta, Boston, Chicago, Cincinnati, Dallas, Milwaukee, New York, Princeton, San Francisco, and Tampa; as well as international member firms operating as VRG in Argentina, Australia, Brazil, Canada, China, Colombia, Germany, India, Japan, Luxembourg, Mexico, Singapore, Spain, and the United Kingdom.