Fairness Opinions

Companies and their boards have to increasingly confront transaction situations where getting an independent opinion on the deal is critical to have their fiduciary duties fulfilled. Fairness opinions are intended to provide an objective view on the key financial parameters of a transaction to the all the parties involved.

Aranca has the requisite expertise and experience to provide in-depth analysis and opinions that can withstand scrutiny from shareholders, lenders and regulatory authorities.

Aranca has helped board of directors and shareholder appointed committees of several mid-market companies across diverse transaction situations structures.

Mergers & acquisitions
Corporate restructuring
Management buy-outs and divestitures
Going-private transactions
Leveraged buy-outs

Select Fairness Opinions Engagements

Sports Media

acquisition of Information and Display Systems (IDS)

ARC Group Worldwide Inc.

Fairness Opinion

Johnson Control

Evaluation of the amount for bidding to acquire portions of A123 Systems in a bankruptcy auction

Komli

Media's acquisition of ADMAX Networks Holdings Limited

WIMM Labs

Fairness Opinion

Ballard Power Systems, Inc.

Acquisition of fuel cell IP assets of United Technologies Corporation

Ballard Power Systems, Inc.

Acquisition of Protonex Technology Corporation

Infogain Corporation

Solvency Opinion

Key Elements of our Fairness Opinion Framework

In-depth Financial Due Diligence
Extensive Industry Research
Rigorous Valuations
Transaction Structure Analysis
Comprehensive Reporting

What Our Clients Say

"I must compliment you for the outstanding job you did on our PPA assignment. The report was of high quality and you managed to adhere to short time lines. It is difficult to find responsive and knowledgeable firms that can also offer competitive cost advantage."

CFO, A leading CRM Software firm

"Aranca did a very comprehensive job in performing a valuation of our company. The team was extremely responsive and professional. Our investors said that the report that Aranca wrote was among the best that they had seen for any of their portfolio companies."

Finance Head, Aryaka Networks Inc.

CFO, Dachis Group

"Thanks for all of your efforts and commitment to our project. The team did a great job in a short period of time, and I really appreciate it! I’ve worked with multiple business valuations firms in my past, and the job that your team did was by far the best."

CFO, Leading US ecommerce platform

"Aranca did a great job on the 409A report for us. The analysis was extremely thorough and the report was of the highest quality. Greatly exceeded expectations! Thank you."

Senior VP & CFO, New Leaf Symbiotics

"We have had a few valuations done by Aranca. [There were] absolutely no problems with the reports; we have a very complicated cap structure and have filed an S-1. The SEC has reviewed and blessed the results and the supporting report. These were done expertly and at a very competitive price."

Partner, Legal Counsel Firm

"We were looking to accurately and effectively assess and evaluate our IP portfolio to commercialize our assets better or raise funds. We needed experts who understood technical aspects of the patents to determine value with respect to the competitive landscape, and also be able to translate it into a comprehensive but easy to understand financial analysis for potential investors and third-parties. That’s why, we chose Aranca because of its blend of strong Intellectual Property research and valuation capabilities.

The Aranca team was extremely professional, thorough and collaborative while working with our in-house team. We were kept in complete sync during the project engagement, as Aranca conducted the technology strength assessment and built a comprehensive valuation report with detailed market analysis and financial forecasts. To our delight, the team went the extra mile to handle our project deftly, and ensured our needs were completely met. We would score Aranca an ’11 out of 10’ for this project."

Stephen Burnett, Co-Founder & CEO, Koolbridge Solar, Inc.

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Secondary Sale — How Not to Turn it Into a 409A Nightmare

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Insightful analysis and independent financial advice on financial fairness of transactions.

Valuation & Financial Advisory

Knowledge Library

Healthtech Startups - Driving Innovations in Healthcare

Secondary Sale — How Not to Turn it Into a 409A Nightmare

Dealing with Inorganic Growth in Valuations Based on Market Approach

Investment in Defense Tech: A Growing Sector in the US and Europe

Multi-Asset PPA in a Single Transaction: Emergence of Corporate Goodwill

Effects of Non-Compliance of ASC 805 or IFRS 3

Goodwill and Bargain Purchases: The Essentials of PPA

Navigating Early-Stage Valuation

Cost of Equity Explained: Methodologies and Best Practices

Oman to reap revenues from new VAT system

Modi’s surprise move on rupee notes has come as a pleasant surprise indeed for Indian internet startups

When could China onshore bonds be included on global indices?

Aranca is a global research analytics and advisory firm with over 20 years of experience in helping organizations take strategic business and investment decisions fearlessly and with utmost conviction.