Commercial valuation
Annual valuations for a leading unicorn digital-only challenger bank, to assist management in making strategic decisions in relation to further capital raisings as well as for financial reporting and tax purposes.
Valuations
Understanding the value of business decisions.
Whether you are considering an acquisition, the disposal of an asset, financing a project or contesting a piece of litigation, the potential financial impact plays a major role in the decision-making process, making it critical to have a full understanding of the value involved.
However, valuation is an inherently challenging area, requiring specialist skills and experience. Our global team of valuation experts are well-versed in guiding clients through the valuation process and providing objective, thorough and technically sound advice on a broad range of situations, including:
- Valuations in the context of an acquisition or restructuring exercise
- Valuations to support financing or fundraising decisions
- Valuations for financial reporting requirements
- Valuations for tax or legal requirements
- Valuations in the context of disputes, including contentious valuations
We recognise that all our clients are different, therefore, for each assignment, we assess the key value drivers, the context for the valuation and consider an array of valuation methodologies.
We take a collaborative and systematic approach to valuations. We mobilise teams with the required technical, sectoral and geographic expertise needed to ensure that all relevant factors are considered, whatever the situation.
Our valuation services are objective and independent to ensure reliability for you and any third parties that may be considering the results of the exercise.
Our dedicated valuation teams provide expert opinions on a wide range of valuation scenarios, such as:
- Allocation of an acquisition price and calculation of goodwill
- Impairment testing
- Transactional valuations for M&A and fundraising
- Compensation of minority interests due to squeeze-outs
- Fairness opinions
- Restructuring of company assets
- Intangible asset valuation
- Financial model valuation
- Disagreements around contractual terms
- Shareholder entry and exits
- Issues due to succession
Our tools & solutions
Thanks to years of experience in providing valuation services, we have access to a significant database of proprietary data to support our work on valuation assignments.
In addition, we subscribe to a number of external databases to obtain valuation data, including Capital IQ, with whom we have a global agreement to ensure a consistent approach across the globe, as well as Bloomberg.
We are also a proud sponsor and member firm of the International Valuations Standard Council, ensuring that we are at the cutting edge of global developments in the valuations space.
Our people
We have valuation experts in 38 countries across all 5 continents, meaning that we can provide you with valuation support wherever your business takes you.
Our team is a recognised market leader, advising national and international corporations, professional advisors, lenders and shareholders. The team consists of dedicated valuation specialists spanning the full spectrum of valuation services. Our key strengths are:
- Independence: We don’t audit funds of large asset managers and therefore we offer truly independent, expert valuations of your portfolio assets, enhancing investor and regulator confidence in your value reporting.
- Global reach: We have a global presence of more than 400 valuation professionals based in over 100 countries on 6 continents with centres of excellence located across our offices in the UK, Netherlands, USA, Germany and France.
- Track record: We regularly provide valuation advice to large and listed corporates in a broad range of industries with specific expertise in financial services and infrastructure.
- Partner-led team: Our engagement leaders have significant valuation and sector experience and oversee every aspect of each assignment; you can have confidence in the quality of our service.
- A commercial approach: We pride ourselves on our commercial and pragmatic approach, always focusing on ensuring the highest quality in a cost-effective manner.
Get in touch
If you would like to contact the Financial Advisory team, please contact us or use the link below to submit Request For Proposal documents
Restructuring valuation
Independent valuation of a large UK and US-based high street retailer with revenues of c. £240m in the context of Covid-19.
Restructuring valuation
The valuation assisted the ad-hoc group of lenders in determining the value break for restructuring purposes. The restructure resulted in a debt-for-equity swap with bank lenders whereby debt funds took control of the business and new external financing was secured.
Debt valuations
We perform monthly valuations of RM Capital in addition to producing valuations reports on loans issued to customers. We have been engaged with the Fund since 2016.
Tax valuation
We were engaged by a research and development company that was going through a capital raising process to assist with structuring the potential management incentivisation program.
Financial reporting
Equals Group Plc is an AIM-listed business and a leading challenger in the financial services sector, operating within Currency Cards, International Payments, Travel Cash and Banking segments. Equals Group has completed several acquisitions, including CardOne Banking and City Forex. In addition, to purchase price allocations, we also assist Equals with the annual impairment reviews and other accounting...
Contentious valuation
Mazars in the United Kingdom has been appointed by Pension Fund Trustees to assist in a litigation case by commenting on the historical solvency, prospects, and value of a large UK manufacturer of beds and mattresses.
Infrastructure valuation
The Thames Tideway Tunnel is a new part of the sewerage network in London which will carry sewage and stormwater discharges from the broader London sewerage system. Mazars was involved in a number of roles in this transaction including an ongoing role to value a stake in the project for one of the shareholders, signing off the financial model and building an operational model monitoring debt compliance.
Management equity plans in PE owned companies
Changes in HMRC’s approach and rises in interest rates have made the tax valuation of management equity plans more complex. For example, a common misconception is that if management pay the same price per share as the private equity investor this will always equate to market value and no tax charge arises.
IFRS 16
Since its introduction in 2019, IFRS 16 (Leases) has become a key consideration for business valuers, our team explores its effect on various valuation metrics such as key financial metrics, enterprise value and net debt and industry multiples.
Contentious Valuations
Partners and directors within our firm act as party appointed, single joint expert or expert advisor in a host of litigation, English and International Arbitration and Alternative Dispute Resolution procedures.
Transactional Valuations
Our dedicated valuation professionals assist management teams, their advisors and stakeholders in a wide range of transaction situations.
Fiscal Valuations
When transferring assets, particularly shares in unquoted companies, UK tax law requires transactions to take place at market value, often valuing the asset on a theoretical basis in the absence of a buyer.