Opinion Services

Opinion Services become necessary when a company is undergoing significant, life-altering change.

Company directors and fiduciaries rely upon Fairness Opinions when making decisions that will impact the financial interests of others. A Fairness Opinion assesses adequacy of the proposed pricing in a corporate transaction. Ultimately, it ensures that the price paid is fair.

A Solvency Opinion assesses a company’s ability to remain solvent following assumption of additional debt financing necessitated by an acquisition, merger or other corporate transaction.

Fairness Opinions

Corporate mergers, acquisitions, sales and refinancing are subject to the scrutiny of debt providers, shareholders, regulators and the tax authorities. We provide clients with our independent opinion of whether the price paid in a corporate transation is fair to both parties. When considering a transaction, fairness opinions assist directors in complying with their fiduciary duties to shareholders and protect the directors in the event a transaction is challenged. Our fairness opinions provide boards of directors, shareholders and other stakeholders with assurance to the satisfaction of the court.

Solvency Opinions

• Balance Sheet Test: The fair value and present fair saleable value of a company's assets exceeds its stated and identified contingent liabilities.
• Cash Flow Test: After the proposed transaction, the company would be able to pay its debts, including identified contingent liabilities, as they mature.
• Reasonable Capital Test: The capital remaining in the company would be a reasonable amount for the business in which it is engaged and proposes to be engaged.