In a transaction context or on other occasions, the issue of finding the fair value or, respectively, the maximum or minimum purchase price must be addressed. In this situation, good guidance is a must. We issue expert valuation opinions and provide support on all valuation-related issues.
Corporate valuation requires differentiation between transaction-related matters (acquisition, sale, or merger) and other matters, e.g.
- Initial public offerings (IPO)
- Impairment tests
- Changes in corporate structure
- Tax-related matters
The challenge associated with enterprise valuation results from the fact that companies are complex entities and that, in consequence, aspects of corporate finance, capital market and decision theory must be taken into account. In addition, enterprise valuation is influenced by company accounting, issues relating to tax law, and, last but not least, strategic company planning. Today, the basis for enterprise valuation mainly consists of the future-oriented analysis of the valuation object.
We offer assistance on all valuation-related issues and conduct valuation of companies or single company parts.
The valuation of and reporting on companies or company parts according to the relevant standard (IDW S1) issued by the Institut der Wirtschaftsprüfer in Deutschland (German Institute of Certified Public Auditors) is provided in the form of an expert opinion.
Members of the management board and general managers are obliged to thoroughly consider entrepreneurial decisions and their economic consequences at their discretion and to produce adequate documentation for the members of the supervisory board and the shareholders.
Purchase price allocation