Blending big accounting firm experience with extensive industry knowledge, our advisors provide independent valuation services (in accordance with the appropriate financial reporting standards) in both pre-deal and post-deal contexts.
Opportune provides independent valuation advisory services to companies navigating complex technical accounting requirements and regulatory scrutiny. From business combinations to equity compensation, we offer robust, defensible fair value measurements that are designed to withstand external auditor review. We ensure full compliance with ASC Topic 820 (Fair Value Measurements and Disclosures) and global accounting standards.
Our team executes comprehensive purchase price allocations (PPA) for both pre-deal diligence and post-deal financial reporting. We identify and quantify the fair value of all tangible and identifiable intangible assets acquired, including developed technology, customer relationships, tradenames, and IPR&D. We also specialize in the complex valuation of liabilities such as contingent consideration (earnouts), ensuring your opening balance sheet is fully substantiated and compliant. We provide direct audit support and defense for the full PPA process.
We perform annual and interim impairment testing to assess the value of goodwill and indefinite-lived intangible assets. Our service includes comprehensive triggering event analysis and both qualitative and quantitative assessments to compare the reporting unit's carrying value against its fair value. Should an impairment be identified, we accurately quantify the loss, providing the defensible documentation necessary for financial statement disclosure and full regulatory compliance.
Our team tests the recoverability of long-lived depreciable, amortizable, and/or depletable asset groups. We evaluate the expected future cash flows and, if the recoverability test fails, we measure the impairment loss. This service is critical for industries with significant fixed assets, helping management comply with GAAP requirements and providing necessary documentation for audit defense.
Navigating Chapter 11 bankruptcy and corporate reorganizations requires specialized accounting expertise. We guide companies through the complex Fresh-Start Accounting process, establishing the reorganization value and allocating it to the assets and liabilities of the emerging entity. Our seasoned professionals ensure your new fair value basis is accurately determined for all stub period financial statements and subsequent financial reporting.
For public and private companies, we estimate the fair value of all types of share-based payments issued to employees and nonemployees. This includes stock options, restricted stock units (RSUs), profits interest units (PIUs), and warrants. We utilize appropriate valuation models, including the Monte Carlo simulation and lattice models, to support complex compensation instruments, including 409A valuations and awards tied to total shareholder return (TSR) metrics.
For alternative asset investors and managers, we estimate the fair value of portfolio holdings—particularly hard-to-value Level 3 assets and illiquid investments—on a quarterly or annual basis. We provide independent third-party valuation reports for private equity, hedge funds, and debt funds, ensuring your mark-to-market (MTM) process and resulting financial statements meet the stringent requirements of your limited partners and independent auditors.
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Using an independent valuation advisory firm ensures your fair value measurements are free from the conflicts of interest that may arise when using your external auditor. We provide robust, third-party support that helps management and auditors achieve confidence in the reported figures.
A triggering event is any event or change in circumstances that indicates the carrying value of a reporting unit may exceed its fair value. Common triggers include a significant decline in the stock price, adverse changes in business climate, loss of key personnel, or unexpected negative financial performance.
A traditional valuation may estimate enterprise value for transactional purposes. A PPA (under ASC 805) is a required technical accounting procedure to allocate the total purchase price of an acquired company to the individual tangible and identifiable intangible assets and liabilities on the closing opening balance sheet.
Yes. A core component of our service is providing comprehensive audit support. Our professionals are seasoned experts in technical accounting and valuation methodologies, enabling us to efficiently and effectively defend our valuations and work papers to your independent auditors.
Securities requiring specialized modeling (like Monte Carlo simulation or lattice models) typically include warrants, certain stock options with complex features, profits interest units (PIUs), and contingent considerations such as earnouts tied to future performance metrics.
