A point often overlooked is that customers usually purchase products or services because of the presence of intellectual property, not a relationship.
The asymmetric nature of carried interests requires the consideration of a range of scenarios.
In reality, many businesses are a perfect fit for ESOPs.
In several instances, the knowledge gained from valuation support in the due diligence phase results in modifications or cancellations of transactions.
Business development companies, or BDCs, represent a growing class of relatively large, closed-end, SEC-registered funds.
Nuanced securities typically contain options and market conditions that alter cash flows over the life of the security and raise valuation challenges.
A prudent investor will either implicitly or explicitly consider FO in the determination of a purchase price for the entire business.
Regardless of which accounting standard gives rise to deferred revenue, the valuation challenge is defining the performance obligation.
Restaurants continue to be attractive targets for financial sponsors and strategic acquirers
To value profits interests, the economics of the equity capital must be clearly incorporated into the valuation.