Benchmark Data on Contract-Based Intangible Assets and Remaining Useful Lives
Many contract-based relationships represent identifiable intangible assets that require valuation apart from goodwill. The data here are from the third edition of Benchmarking Identifiable Intangibles and Their Useful Lives in Business Combinations, which includes data from almost 16,000 purchase price allocations.
Updated Data Help Appraisers With RULs of Intangible Assets
To estimate the expected remaining useful life (RUL) of an intangible asset, it can be helpful to see how other appraisers have assigned RULs to similar assets in the subject industry. Data on 18 identifiable intangible types (also broken down by industry) culled from almost 16,000 purchase price allocations (PPAs) have been assembled into the third edition of Benchmarking Identifiable Intangibles and Their Useful Lives in Business Combinations.
High Company-Specific Risk Adjustment Distorts Valuation
In a buyout case, the court finds that, in reselling company, defendants undervalued rollover equity interest by double counting risks specific to the company in order to avoid triggering windfall provision in prior sales agreement favorable to plaintiff.
Valuing Intangible Assets: Global Education by iiBV (eLearning course)
Early-Stage Companies: Mastering Valuation From Startup to Success
The valuation of equity securities issued by venture-backed, early-stage companies requires a disciplined application of methodologies that are often misunderstood or misapplied. In this webinar, the speakers will present a summary of available valuation and allocation methodologies, as well as key guidance, and the application of these methodologies from the early stages of funding through an exit event using illustrative examples. Additionally, the speakers will present the development and potential support of critical assumptions for ...
Financial Expert Guide for Family Law Judges and Attorneys, National Edition
April 2023 PDF, Softcover (413 pages)
John Tatlock, Kevin Yeanoplos, Ron Seigneur
Business Valuation Resources, LLC
Business Combinations: Case Studies in Purchase Price Allocations
Part 1: Attend a replay with expert appraiser Nathan DiNatale for an in-depth discussion on best practices for and fair value assumptions used to prepare valuations of intangible assets and corresponding purchase price allocations. This can’t-miss replay includes a review of the fundamentals of FASB ASC 805: Business Combinations along with practical case studies. Get a solid understanding of purchase price allocation fundamentals.
Goodwill: Let’s Get Personal
Join experts Harold Martin and Jim Alerding as they discuss the current status and pressing issues in the area of personal goodwill, with particular emphasis on divorce cases. Dive deep into the definition of goodwill and the concept of personal goodwill and learn the pertinent case law and current thinking on the allocation between personal and entity goodwill. Listeners will discover what is transferrable, as well as strategies for succeeding on your next goodwill engagement.
Delaware's Corporate Appraisal Statute and Fair Value Standard
Delaware's corporation law provides stockholders of Delaware corporations with the right to receive the judicially determined “fair value” of their shares in connection with certain corporate transactions. This article provides an overview of the Delaware appraisal statute and appraisal actions brought under it, as well as the standards generally employed by the Delaware Court of Chancery to determine fair value. It also summarizes the rules governing the allocation of fees and costs in an appraisal ...
Global BVU News and Trends September 2020
Business valuation news from a global perspective.
BV News and Trends July 2022
A monthly roundup of key developments of interest to business valuation experts.
Advanced Class on Monte Carlo Simulations
Participants will learn next-level skills in Monte Carlo simulations, such as: constructing confidence intervals, two or more random variables that are correlated, and using non-Excel software platforms (i.e., Python, Octave). Participants will also learn some VBA coding for running Monte Carlo simulations. The webinar will also present multiple Monte Carlo simulation examples, such as: contingent consideration with correlated variables, dealing with future dilutive financing rounds in an option pricing model/equity allocation framework, and option pricing ...
VRC Mixes Valuation Work With Giving Back to the Profession
Senior members of Valuation Research Corp. (VRC) give an update on the firm’s work in M&A advisory, transactions, portfolio valuations, and more, but they also talked about the role the firm plays in the development of the valuation profession itself.
Valuers Stand Ground in Clash Over Purchase Price in SPAC Merger
A recent SPAC merger triggered a strong disagreement between a national valuation firm and the merged entity over the fair value of equity consideration issued for the target company. A special purpose acquisition company (SPAC) is a shell company that raises capital in an IPO and then acquires an operating company to form a new merged entity.
Private Business Appraisal Opportunities With Private Equity Portfolio Companies
Beyond the initial purchase price allocation analysis, the acquisition of a business by a private-equity group provides many opportunities to private business appraisers. In Part 3 of Advanced Webinar Series on Valuations for Business Transactions, expert Summer Parrish discusses the many intersections of private business appraisal and private-equity portfolio companies, including the valuation of share-based compensation granted to management in connection with a private-equity transaction, and assignments related to financial reporting requirements. Her presentation will ...
Healthcare Valuation in the Corona Virus Era: That Was Then, This Is Now
COVID-19 has impacted perhaps no industry in such a complex way as healthcare. Join Mark Dietrich in this discussion of items to consider before you forecast the likely impact on the healthcare industry of the current crisis. First, it is necessary to understand where the industry was before COVID-19 and then to understand what the crisis revealed about the allocation of resources. Second, you need to consider where future spending will be directed and how ...
The Use and Application of Data for Control Premiums and Discounts
Perhaps one of the most difficult aspects of a business appraisal is the allocation and valuation of control. Whether applying a control premium or discount for lack of control, much is dependent on "appraiser judgment," making this part of the valuation assignment subject to much scrutiny and contention. In this webinar Linda Trugman, Gene Trevino, and Spencer Jefferies discuss the use and application of the data that often go behind these appraiser judgments. While many appraisers ...
BV News and Trends May 2022
A monthly roundup of key developments of interest to business valuation experts.
Valuing Marketable Securities Portfolios
Given the expected reduction in the estate tax exemption, the use of privately-held marketable equity securities (MES) portfolios as a wealth transfer vehicle is likely to increase. Join Gary Gerlach to learn the ins and outs of valuing these investment vehicles. We will cover the use of multiple (free) sources of closed-end mutual fund (CEF) data and discounts and analyze and select guideline CEFs, focusing on metrics such as asset type, concentration and allocation issues ...
Advanced Workshop on Valuations Under ASC 805 and Business Combinations
Whether known through FASB 141(r), ASC topic 805, or simply purchase price allocation, the combination of businesses can create a confusing matrix of accounting and valuation considerations. These obstacles would be challenging enough to overcome without worrying about compliance with the standards set forth through statements issued to supposedly provide guidance. In the Advanced Workshop on Valuation Issues Under ASC 805 and Business Combinations, BVR welcomes expert appraiser Mark Zyla for a special, intensive, and interactive ...