The principals and staff of RP® are highly experienced in the preparation of valuations for a variety of purposes. We follow generally accepted appraisal standards and regulatory guidelines in rendering our valuation services. Our valuation reports are prepared in a highly professional format complete with a historical and market analysis, a description of the appropriate valuation methodologies, key valuation considerations and the basis for the valuation conclusion. The principal types of valuations we prepare are described below. RP® Financial has valued companies in a variety of industries and has extensive experience in the valuation of financial institutions and other financial intermediaries.
Fairness Opinions and Other Merger Related Valuations
Prepared for the Board and shareholders of the acquiror or target companies, as part of our overall merger advisory services. Fairness opinions have been rendered for small and large business combinations involving cash, stock or other forms of consideration. Other merger related valuation services include “ability to pay” analyses for prospective acquirors, dilution/accretion analyses, earn-out analyses and related purchase accounting, mark-to-market analyses, and valuation of identifiable intangible assets such as core deposits.
Valuations for Initial Public Offerings, Secondary Offerings, Private Placements and Rights Offerings
RP® prepares pro forma valuations for companies evaluating initial public offerings (“IPOs”), private placements, secondary offerings and rights offerings. These valuation services are independent of the financial advisory services provided by the investment bankers, in order to provide companies with an independent valuation perspective.
ESOP and Estate Valuations
Prepared annually for Employee Stock Ownership Plans (ESOPs) of smaller or closely-held companies. Our ESOP valuations conform with IRS Ruling 59-60, ERISA guidelines and Department of Labor regulations.
Valuations for “Going Private” and S Corporation Election Transactions
RP® prepares valuations and renders fairness opinions for public companies seeking to become private companies. These valuation services are frequently provided in conjunction with companies converting to Subchapter S status.
Valuations for Securities Exchanges in Corporate Restructurings
RP® prepares valuations for securities exchanges in corporate restructurings, such as the exchange of preferred stock or debt for common stock.
