Value Driver Digest
Summer 2019
Insights
Our professionals are recognized thought leaders in the industry. Please see below for some of our recent insights:
In Focus
- Fairness Opinions: A Brief Primer
- The State of Leveraged Buyouts and the Benefits of a Solvency Opinion
- Analyzing the Risk Profiles of 4 Common Types of Equity-Based Employee Awards
- Cheap Stock: Final Draft of the AICPA Practice Aid
Wide Lens
- Valuations & Fairness Opinions Are Useful Tools in Distressed Hospital Transactions
- Financial Buyers Giving Strategics a Run for the Money – and Deals – in the Midwest
- Steady Hands in Asia Address Dynamic Markets
- M&A Facilitators: The Value of Earnouts
- Contingent Consideration Nuances and Challenges
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Featured Service: Transaction Opinions
Amid increased scrutiny of transactions and risks of litigation, clients need qualified, objective advisors who can stand by and support their opinions before, during, and after a transaction. Stout leverages its considerable investment banking and valuation experience to assist clients in making sound business decisions and completing their critical transactions. We understand the complexity and uncertainty inherent in completing a deal and are committed to navigating through the "noise" to provide timely, sophisticated, and reliable fairness, solvency, and other transaction opinions across a wide range of industries, deal sizes, and deal types.
One of the key issues in any leveraged transaction is whether the company has the ability to continue servicing debts and perform ongoing operations. While solvency opinions provide support and confidence to key stakeholders that the deal will not result in a fraudulent conveyance, not all solvency opinions are created equally. Often, the important factors in a legal proceeding are the selection process for the valuation firm, the approach and analysis for developing the opinion, and the ability to defend that opinion. We provide a fresh, independent perspective by using proven valuation techniques, sophisticated financial and cash flow modeling, thorough industry analysis, and extensive due diligence.
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SELECT ENGAGEMENTS
- Provided solvency opinion to $30 billion publicly traded automotive technology company
- Advised healthcare equipment company on dividend recapitalization
- Provided solvency opinion for industrial sector spin-off
- Transaction opinion for a development-stage pharmaceutical company
- Delivered fairness opinion on rescue financing for food manufacturer
- Provided solvency opinion for home décor and candle company
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Corporate News
- Stout continues its global expansion by opening offices in Berlin, Hong Kong, Shanghai and Singapore to better service clients in various regions.
- Stout signed a multi-year sponsorship agreement with PGA Tour player Sam Ryder. Ryder finished second on the 2017 Web.com Tour Money List, securing his PGA Tour card for the 2017-2018 season.
- Once again, Stout was named one of the top fairness opinion providers, as recognized in Thomson Reuters’ Mergers and Acquisitions Review, Full Year 2018. Our firm was ranked number two in the U.S. and number five globally.
- Valuation professionals Ryan Gandre, Jason Muraco, and John Durbin recently led a valuation course at FASB headquarters on the topic of business combinations and reporting unit realignment.
What Our Clients are Saying
Learn more about our approach to client service and see what our clients have to say below:
"Everything was quick, and when auditors asked for more, the engagement team delivered." - Corporate Controller and Chief Accounting Officer
"Excellent work understanding a somewhat unusual business and delivering a thoughtful fairness opinion. Very balanced." - Partner, Private Equity
"The team is very knowledgeable on complex matters, including valuing various put and call arrangements. I would also comment that the ability to walk the external auditors through conclusions and support management's position is very helpful." - Chief Financial Officer
"[Your professionals] are extremely good communicators ... my partner and I are new to firm valuation with a potential purchase, yet they did a wonderful job explaining options, sorts of information needed (and why), and an overall understanding of the process. I absolutely unequivocally would (and will) recommend Stout." - Principal
"I was extremely pleased with the entire product received. Well done!" - Chief Financial Officer