We work with business owners where an independent business valuation is required for purposes of a shareholder buyout. This can be done in a collaborative manner amongst the existing shareholders pursuant to the shareholders agreement or through structured negotiations amongst the shareholders.
We also work with business owners and their legal counsel as independent experts where negotiations have broken down and litigation is initiated. An independent, credible and experienced valuation professional can assist with your litigation to help facilitate a settlement or provide independent expert evidence in Court, mediation or arbitration.
Under the planning phase we have an initial meeting to discuss certain background information and determine the scope and timing of our engagement. An engagement letter is executed and we provide a schedule of the initial information we require. Preliminary research is also conducted.
1. Initial meeting to discuss background information, scope and timing of engagement
2. Obtain signed engagement letter
3. Provide preliminary information request
4. Conduct preliminary research
5.
Preliminary review of opposing expert’s report
Execution Phase
Under the execution phase we review the initial information provided, meet with management and provide a schedule of the additional information we require and/or follow up questions we have. We also conduct additional research (e.g. company, industry, economy, etc.) and complete our valuation analysis and draft report.
1.
Assist with document production
2.
Assist with examinations for discovery
3. Review and analysis of preliminary information received
4.
Additional research – company, industry, etc.
5.
Detailed review of opposing expert’s report
6.
Additional information gathering, including follow-up meeting/interview of management
7.Preparation of draft report
Reporting Phase
Under the reporting phase we provide our draft report for management’s review, meet or speak with management to discuss the draft report, refine our analysis if necessary, obtain a signed management representation letter and issue our final report.
1.
Meeting to discuss preliminary findings and draft report
2. Refine analysis and, if necessary, gather additional information
3.
Obtain signed representation letter
4.
Issue final report
5.
Expert testimony at court, arbitration or mediation, if necessary
