We issue fairness opinions to assist corporate fiduciaries in making decisions that affect the financial interests of stakeholders, and to help them fulfill their fiduciary responsibilities.

A fairness opinion can help to reassure boards of directors, special committees and shareholders that the price being paid or received in a transaction is fair from a financial point of view. The following are situations that typically warrant fairness opinions:

  • Management buyouts
  • Purchase of joint venture interest
  • Conflicts between investors in multiple classes of equity
  • Existing advisors with potential conflicts of interest
  • Down-round financings and equity recapitalizations
  • Going private transactions
  • Repurchase of minority interest shares
  • Non-competitive corporate sale processes
  • Related-party transactions