We
have no financial interest in structuring transactions. We
are independent experts acceptable to Sponsors, Nomads, the
Takeover Panel and Stock Exchange for Yellow (etc) Book instructions
and international accountancy firms.
Valuation
work in the latter category required a letter for the prospectus
to Powernet Telecom’s
float of its subsidiary Powerten
following the announcement by Internetaction.com Plc of the
acquisition of Powerten for the consideration of shares in
Powernet.
We
take pride in our abilities and successes in assisting deal
makers structuring complicated and unique transactions.
Healthcare
Enterprise Group’s acquisition of L&P
- MCC Inc and admission to AIM were difficult valuations
subject to lengthy and successful scrutiny by the Takeover
Panel.
Many
valuations are conducted to assist company sales, sales of
shareholdings, joint ventures and collaborative arrangements
between academia and business, for example San - Ei
of Japan and the University of South Wales.
There
can be no exhaustive list of our services in the corporate
finance field. Valuation is fundamental to: Mergers
and Acquisitions, Venture and Development Capital, Business
Strategies, MBO's and MBI's, Resolutions and ADR Stock Exchange
Transactions Flotation's.
The
new Inland Revenue rules concerning the valuation of earn-outs
where a former owner continues working for the business require
much attention.
We
have prepared Offer Document Reports pursuant to the requirements
of Chapter 20 (Scientific Research Based Companies) of the
Stock Exchange Listing Rules. Offer Document Reports
are normally published in the Offer Document and would address
such as the merits of the company’s products, the company’s
business plan including the critical path and timescale to
commercial exploitation and any projections of the market
potential for the company’s products. We also explore
the risk factors which may effect the company’s business
plan. The IPO of Lidco
is an example.
The
importance of IP valuation and exploitation is acknowledged
by brokers and investment banks when they are providing advice
to clients in M&A situations or when raising capital.
Valuations
are required of private equity for public accounting purposes. We
have considerable experience of the complexities in valuing
carrying interests. Our work for Prudential
and Nippon
Gohsei
is well documented.

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