Distributor Method: An Alternative Technique for Valuing Customer Relationships

A point often overlooked is that customers usually purchase products or services because of the presence of intellectual property, not a relationship.

Valuing Carried Interests

The asymmetric nature of carried interests requires the consideration of a range of scenarios.

ESOP Fables: Reviewing The Myths and Facts About Employee Stock Ownership Plans

In reality, many businesses are a perfect fit for ESOPs.

Pre-Acquisition Valuation: Intangible Assets and Contingent Consideration

In several instances, the knowledge gained from valuation support in the due diligence phase results in modifications or cancellations of transactions.

The ABCs of BDCs: Private Debt and SEC Concerns

Business development companies, or BDCs, represent a growing class of relatively large, closed-end, SEC-registered funds.

Common Valuation Issues With Illiquid Securities

Nuanced securities typically contain options and market conditions that alter cash flows over the life of the security and raise valuation challenges.

Functional Obsolescence: Loss of Asset Value Caused By Inefficiency or Inadequacies

A prudent investor will either implicitly or explicitly consider FO in the determination of a purchase price for the entire business.

What’s the Haircut? Determining the Fair Value of Deferred Revenue

Regardless of which accounting standard gives rise to deferred revenue, the valuation challenge is defining the performance obligation.

Valuation Concerns Pertaining to Assets in Franchise Restaurant Transactions

Restaurants continue to be attractive targets for financial sponsors and strategic acquirers

Understanding the Valuation of Profits Interests in Private Equity Transactions

To value profits interests, the economics of the equity capital must be clearly incorporated into the valuation.