Dispute Valuation Advisory Services
Our Service Offerings
Litigation Consulting and Expert Witness Testimony
Valuation is often at the heart of matters that require litigation consulting and expert witness testimony. The professionals at FTI Consulting have significant experience in providing services – valuation of entire companies, minority and controlling ownership interests, debt and equity instruments, reasonable premiums and discounts, economic damages, and diminution of value – to plaintiffs and defendants in litigation. Our experts have testified in county, state (including Delaware), federal, tax and bankruptcy courts as well as in domestic and international arbitration panels and mediations.
Transaction Advisory Services
Transactions such as liquidations, mergers, acquisitions and divestitures frequently require a valuation opinion. While this is certainly true for privately held enterprises, it is also true for public companies as stake holders are often hesitant to rely upon the value established by a public market. Shareholders and company management often benefit from an independent opinion of value in order to help them assess the merits of a particular transaction. Additionally, post-acquisition disputes often stem from valuation issues. The professionals at FTI Consulting have issued valuation opinions in numerous transactions for private and public companies both pre-and post-acquisition.
Tax Related Valuation Opinions
Valuation is commonly a subject of tax-related matters. A valuation analysis is frequently used to establish a value for non-publicly traded assets that may be subject to estate or gift taxes. Shareholder level discounts – including discounts for lack of control and lack of marketability – in such situations can reduce or eliminate the need to pay substantial taxes. Additionally, there is often a need to value tangible and intangible assets in the context of a purchase price allocation or when valuing stock options. FTI Consulting professionals have the experience and qualifications to issue a valuation opinion that is reasonable, supportable and defensible.
Valuation of Intangible Assets and Goodwill
For many companies, their most important assets are not tangible assets – such as real estate, machinery, equipment or inventory – but rather, intangible assets such as a trained workforce, goodwill, patents, trade secrets, copyrights, trademarks, software and other forms of intellectual property. In order to determine the value of such intangible assets, a valuation professional must master a combination of analytical tools and widely accepted valuation techniques and possess sound judgment. The valuation professionals at FTI Consulting have issued intangible asset valuation opinions in numerous matters including purchase price allocation, sale and disposition, restructuring and liquidation, and dispute resolution.
Restructuring Valuation Services
Virtually every company restructuring involves the determination and allocation of value. Given the complex and often divisive nature of this process, the need for reasonable and supportable valuations is paramount. Our valuation professionals have experience in providing valuation services to both debtors and creditors including the valuation of various operating entities and assets, financial modeling, analysis of projections, analysis of fraudulent conveyances, preparation of valuation reports, presentations to lender groups and corporate boards, and expert witness testimony.