Valuation Services

We provide guidance and reliable figures for well-founded decisions: From transaction and business valuations to IDW S1 valuation reports, fairness opinion according to IDW S8, purchase price allocations, and impairment tests. We create transparency, identify opportunities and risks, and provide you with a clear decision-making basis for every valuation occasion.
Christoph Hirt
Partner
CFA Charterholder, Graduate in Business Administration
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Transparency and Security in Business Valuation

Every business valuation is a journey full of details, opportunities, and challenges. We see ourselves as your trusted partner: attentive, focused, and with a clear view of the goal. We listen, understand your requirements, and provide guidance where numbers, regulations, and valuation standards seem complex. Our Valuation Services Team accompanies you throughout the entire process – from transaction and business valuations to IDW S1 valuation reports, fairness opinion according to IDW S8, purchase price allocations, and quantitative advisory.

We combine profound financial expertise with regulatory know-how and jointly develop solutions that are implementable, comprehensible, and sustainable. We don’t walk the path for you, but with you. We are guided by our values: pioneering in thought, success-driven in action, and collaborative by your side. This builds trust that makes your decisions resilient and future-proof.

Our Services

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Advisory Transaction Valuations

We support you throughout purchase and sale processes as well as mergers, advising you along the entire transaction lifecycle. We create transparency around opportunities and risks, develop well-founded valuation approaches, and provide decision-making foundations that support your strategy and secure the transaction value.

Our focus areas

  • Valuation in the purchase and sale process
  • Support for mergers
  • Analyzing key business performance indicators
  • Identifying opportunities and risks
  • Supporting strategic decisions

Valuation Reports According to IDW S1

We prepare well-founded valuation reports according to IDW S1 for legal or contractual occasions. Whether for squeeze-outs, tax-related reasons, or legal disputes – we provide objective valuations that comply with regulatory requirements and hold up in court, before tax authorities, or with contractual parties.

Our focus areas

  • Preparing IDW S1 valuation reports
  • Valuation for squeeze-out
  • Valuation for tax purposes
  • Expert opinions for legal disputes
  • Bases for well-founded decisions

Fairness Opinion According to IDW S8

We review and confirm the appropriateness of transactions to comply with the business judgment rule. Whether for takeover bids or significant corporate acquisitions: We provide an independent valuation that builds trust and secures decision-making processes.

Our focus areas

  • Preparing fairness opinion according to IDW S8
  • Valuation of takeover bids
  • Valuation of significant corporate acquisitions
  • Ensuring compliance with the business judgment rule
  • Risk-oriented analysis of the transaction

Purchase Price Allocations (PPA) for Post-Merger Integration

After a transaction is completed, we support the implementation of purchase price allocations (PPA). We structure IFRS, US GAAP, or HGB consolidated financial statements, value assets and liabilities, and create a robust basis for post-merger integration.

Our focus areas

  • Purchase price allocation (PPA) for IFRS consolidated financial statements
  • Purchase price allocation (PPA) for US GAAP consolidated financial statements
  • Purchase price allocation (PPA) for HGB consolidated financial statements
  • Valuation of assets and liabilities
  • Support for integration into financial reports
  • Comprehensive documents for management decisions

Valuation of Intangible and Tangible Assets

We value brands, patents, technologies, as well as tangible assets such as production facilities or inventories. This way, we create transparency regarding company value, support investor decisions, and secure strategic planning.

Our focus areas

  • Valuation of intangible assets (brands, patents, technologies)
  • Valuation of tangible assets (production facilities, inventories)
  • Analyzing value drivers
  • Supporting investment decisions
  • Comprehensive documents for management decisions

Certificates of Value

We prepare impairment tests for capital increases in kind and other occasions. This ensures that company values are properly documented and communicated transparently and in compliance with legal requirements to stakeholders such as commercial registers.

Our focus areas

  • Preparation of impairment tests
  • Capital increases in kind
  • Analysis of company values
  • Documentation for stakeholders
  • Support for regulatory requirements

Impairment Test

We examine the recoverability of assets for accounting purposes. This includes impairment tests according to IAS 36 as well as carrying amount reviews of investments in standalone HGB financial statements. In doing so, we ensure reliable accounting and support effective corporate management.

Our focus areas

  • Impairment test according to IAS 36
  • Carrying amount review of investments according to IDW RS HFA 10
  • Analyzing of balance sheet relevant assets
  • Ensuring regulatory compliance
  • Supporting financial management

Quantitative Advisory

We provide support in complex situations where traditional valuation methods reach their limits. Especially when dealing with increased planning uncertainty, asymmetrical payout profiles (e.g., employee options or earn-outs), and complex financial instruments, we provide well-founded quantitative analyses using mathematical-stochastic models to underpin financial, operational, and strategic decisions.

Our focus areas

  • Conception and valuation of share-based compensation programs (e.g., ESOP/VSOP) and long-term incentive plans (LTIPs)
  • Simulation-based business valuation
  • Valuation of contractual clauses (e.g., earn-outs)
  • Valuation of complex financial instruments (e.g., equity valuation for start-ups, mezzanine capital)
  • Validation of valuation models for financial instruments

Cost of Capital Service

Our cost of capital service offers immediate access to industry-specific cost of capital parameters and multiples for individual as well as preliminary valuations. Learn more now!

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