In the capacity as neutral experts we perform business valuations predominantly on the basis of applicable provisions under the German Stock Corporation Act or Aktiengesetz (squeeze outs, conclusion of control and profit transfer agreements, audits of contributions in kind) as well as under the German Reorganization Act or Umwandlungsgesetz (merger audits). In these cases we act as court-appointed independent experts.
In addition, acting as advisors we perform business valuations for our clients.
Reasons for valuations include:
- Purchase and sale of companies or part of companies
- Valuations for accounting purposes (valuation certificates, purchase price allocations) pursuant to the German Commercial Code (Handelsgesetzbuch) or IFRS
- Initial public offerings (IPOs)
- Fairness opinions
- Changes in ownership
- Judicial and extrajudicial disputes (e.g. divorces, distributions of estates)
- Advice in relation to value-related strategic decisions
Conducting company valuations has become increasingly complex over the past few years. Aside from theoretical aspects of valuation, another good example of such complexity is the technical implementation of company-own budgetary accounting into a valuation model. In addition, statutory amendments as well as current case law require ongoing adjustments of the valuation methods used.
Owing to past reports and consultancy projects in this area, our team has the required relevant expertise and experience and actively supports current valuation approaches.
The interdisciplinary collaboration allows us to draw on the expertise and industry knowledge of other experts in our firm should the need arise. We adjust the nature and scope of our services and reporting to the individual requirements of each client and the reason for the valuation in each case.