Corporate valuationsand transaction support.

A portfolio valuation estimates the fair value of an investment for reporting purposes, while a transaction valuation supports a specific decision such as a purchase, sale, or dispute. The two can reach different figures legitimately, because a transaction valuation may reflect synergies, negotiating position, or a specific buyer's perspective that fair value deliberately excludes. Understanding which standard of value applies is the first step in any transaction engagement.

During an M&A transaction, valuation support typically covers the pricing of the target, the design of the purchase price mechanism, and assistance with completion accounts or earn-out calculations after closing. Independent valuation opinions may also be needed to support warranty and indemnity insurance or to resolve disputes between parties. The aim is a valuation that is both commercially realistic and documented well enough to withstand challenge from the other side.