Various valuation assignments for a company becoming public

Various valuation assignments for a company becoming public

When a special purpose acquisition company combined with a privately held global leader in sustainable systems-based packaging solutions to become a publicly traded company, the management team partnered with Stout to navigate a variety of valuation issues.

As a closing condition for the transaction, Stout initially assisted with goodwill and indefinite-lived intangible asset impairment testing for the four fiscal years leading up to the transaction close date in order for the company to comply with GAAP financial statement requirements. Given an indication of potential impairment during the historical period, our work for one of the annual periods included a Step II analysis for one of the company’s reporting units.

Upon close of the transaction, Stout assisted with the acquisition accounting valuation for the company and its two reporting units. The assets and liabilities of focus within our scope included personal property, real property, real estate leases, inventory, deferred revenue, and various intangible assets, including trade names, developed technology, in-process research and development, and customer relationships.

Stout completed all of the valuation assignments within management’s timeline, and all parties were able to meet the requirements necessary to close the transaction.