Tim Cummins

Managing Director

Transaction Opinions Practice Co-Leader

Chicago

tcummins@stout.com

Office +1.312.752.3305

Tim Cummins is a co-leader of the Transaction Opinions practice. He has significant experience in the provision of valuation and litigation advisory consulting services to Fortune 500 companies, middle market corporations, private equity and hedge funds, law firms, accounting firms, and financial institutions.

Tim has served as an expert in valuation disputes in depositions, at trial, in tax tribunals and in arbitration. He has lectured and presented numerous continuing education seminars on the subjects of valuation and transaction advisory services. He has also published articles on the use of solvency opinions and the valuation of professional sports franchises.

Prior to joining the firm, Tim was a Director in the Financial Advisory Services Group of PricewaterhouseCoopers, LLP in Chicago. During his tenure at PricewaterhouseCoopers LLP and at Price Waterhouse LLP, he planned, performed, and supervised valuation and consulting engagements for various purposes in a diverse range of industries. Prior to joining Price Waterhouse LLP, Tim was an Institutional Trust Officer at Harris Bank in Chicago.

Select Publications

Inside the Ownership of Pro Sports

Current Tax Regulations Impact on Pro Team Values
Valuation Strategies December 2001

Professional Sports Franchises Still Present Unique Valuation Problems

Select Presentations and Speeches

Business Law and Mergers & Acquisitions Sections of the Chicago Bar Association December 2014

Valuation and Fairness Opinion Developments in Delaware Court Cases
Business Valuation Association of Chicago January 2013

Valuation and Appraisal Issues under Delaware Law
Treasury Management Association of Chicago February 2012

Solvency Opinions – Understanding Proposed Leverage
Financial Executives International – Detroit Chapter January 2012

Valuation of Professional Sports Teams – Overview and Trends
ACES Section of the Michigan Bar Association November 2011

Valuation of Professional Sports Teams – Overview and Trends
American Society of Appraisers’ 30th Annual Advanced Business Valuation Conference October 2011

Valuation of Carried Interests and Incentive Management Fees
Private Equity Manager Webinar Series November 2009

Planning for Your Year-End Audit – Focus on Valuations
The Private Equity International Strategic Financial Management Conference July 2009

The Valuation Challenge
Broad College of Business, Michigan State University October 2008

Valuation Advisory Services
Financial Executives International-Chicago Chapter July 2008

Fair Value Measures in Accounting: Implications of SFAS 157 and 141R
Midwest Regional Association of Small Business Investment Companies, 2008 Midwest Private Equity Conference February 2008

Fair Value Reporting: The Technical, Practical and Acceptable for Private Equity Fund Valuations
Illinois CPA Society November 2007

409A Implementation and What it Means for You
Association of Management Consulting Firms (AMCF) Conference April 2007

Valuing Professional Services Firms
Business Valuation Association October 2006

Solvency and Fairness Opinions
Chicago Chapter of the Association for Corporate Growth February 2006

Solvency: The Only Opinion That Matters?
Illinois CPA Society and the Center for Corporate Financial Leadership December 2005

2005 Bankruptcy Abuse Prevention and Consumer Protection Act
NCEO/Beyster Institute Joint Annual Conference April 2004

Current Issues in Business Valuation
Northbrook, Illinois CPA CPE Group October 2003

Valuation of Closely Held Businesses
University of Chicago Finance Roundtable March 2003

The Optimal Financial Approach – Balance Sheet Issues

Practice Areas

Education

M.B.A., Finance and Accounting, University of Chicago

B.B.A., Finance, University of Notre Dame

Professional Memberships

American Bankruptcy Institute

Association for Corporate Growth

Turnaround Management Association

Board of Directors of the Business Valuation Association of Chicago