Services
Professional Services
Valuation
Our technical skills for evaluative assistance in support of complex and non recurring transactions, impairment testing, MIP instruments and appraisals required by law.
Valuations & Opinions
Valuations, Fairness Opinions and Independent Appraisals to Boards and Shareholders in mergers, acquisitions, sales and other complex and/or non recurring transactions (sale of business units, capital increases, spin-offs, etc.).
Specific assets valuations (brand, etc.).
Selected assignements
March 2022
Fairness Opinion for the independent directors of La Doria in the takeover bid carried out by Amalfi Holding S.p.A
March 2022
Fairness Opinion in the interest of CDP Equity in regards to the sale price of the stake in FSI
December 2021
Opinion related to the transfer price of sharholding held by Giochi Preziosi in Grani&Partners
May 2021
Appraisal of the value of the brands of Italfarmaco
April 2021
Appraisal of the value of the brand of Mondo Convenienza
April 2021
Opinion to the Related Parties Committee of Tesmec as part of an acquisition transaction
March 2021
Valuation of the equity capital of
SPORTSWEAR S.P.A
in the context of the capital increase of Moncler
January 2021
Valuation opinion of a business unit of Sirap in the context of its contribution in kind to Faerch
October 2020
Independent advisor of Risk and Control committee of Recordati in the context of the reverse merger of Rossini Investimenti and Fimei in Recordati
September 2020
Appraisal of the value of a business unit of PostePay in the context of its disposal
July 2020
Opinion on the value of the shares of BIM for the purpose of the capital increase
May 2020
Fairness Opinion on the adequacy of the transactional proposal for the settlement of the dispute between Cdp and Fondazione Cariverona
May 2020
Appraisal of a business unit of
Consorzio Logistica Pacchi S.c.p.A.
sold to Poste Italiane
April 2020
Opinion on the value of the capital of Treccani for the purpose of the capital increase
February 2020
Appraisal of the economic value of Mondo Convenienza in the context of a reorganisation operation
November 2019
Opinion on the value of shares of Salini Impregilo in the context of the capital increase without option
October 2019
Opinion on the value of shares of Bonifiche Ferraresi in the context of the capital increase without option
September 2019
Appraisal of the value of a business unit of Poste Vita in the context of its disposal
June 2019
Appraisal of the economic value of register.it in the context of a reorganisation operation
April 2019
Appraisal of the value of the brand of La Piadineria a portfolio company of Permira
November 2018
Fairness opinion for Bracco as part of the sale among ârelated partiesâ of a participation in Humanitas
Impairment Test
Assistance in impairment test
Valuation of Assets and Liabilities for accounting purposes
Management Incentive Plan Valuations
Carried interest
Stock option plans
Warrants
Participative financial instruments
Debt Sustainability
Voluntary and/or statutory debt sustainability opinions (2501-bis c.c.).
Opinions required by law
Exchange ratio fairness (2501-sexies c.c.)
Withdrawal value (2437 et seq., 2473 and 2535 c.c.)
Contributions in kind (2343, 2343-ter and 2465 c.c.)
Issue price for share capital increases (2441 c.c.)
Valutations according to the Patrimonio Rilancio law
Selected assignements
May 2022
Support to Golden Goose regarding the impairment test activities for the 2021 financial statement
April 2022
Impairment test of the goodwill of La Piadineria a portfolio company of Permira
March 2022
Estimate of the NAV and impairment test for the consolidated financial statements of Italmobiliare
February 2022
Methodological support regarding the impairment process adopted by Poste Italiane
December 2021
Fairness opinion on the value of the B units issued by Ardiani Real Estate European Fund
December 2021
Estimate of the Fair Value of a management incentive instrument issued by a subsidiary of Palladio Holding
December 2021
Estimate of the Fair Value of PSC Group in order to the National Temporary Support Fund Instruments (Patrimonio Rilancio)
October 2021
Appraisal ext art. 2343-ter of the Italian Civil Code in connection with the transfer of the business unit to a NewCo controlled by Webuild
July 2021
Estimate of Fair Value for intra-group transfer for 3V Sigma
July 2021
Estimate of Fair Value of Stock Option Plan options of Banca Ifis
July 2021
Opinion related to the financial sustainability of the plan of Milano Sesto
April 2021
Opinion on debt sustainability of Team System in the context of an LBO operation
April 2021
Impairment test of the goodwill of La Piadineria a portfolio company of Permira
April 2021
Impairment test in the consolidated financial statements of
March 2021
Estimate of the NAV and impairment test for the consolidated financial statements of Italmobiliare Investment Holding
June 2020
Valuation of the fair value of a financial instrument attributed to the management of Golden Goose
June 2020
Estimate of impairment of the participation in Slayer in the 2019 annual report of
December 2019
Opinion on debt sustainability of Nexi in the context of the acquisition of the business acquiring by Intesa Sanpaolo
September 2019
Opinion on debt sustainability of INWIT in the context of the combination with the Tower business of Vodafone
July 2019
Valuation of the fair value of a financial instrument attributed to the management of OVS
May 2019
Valuation ex-art. 2465 c.c. of the three business units of some companies belonging to Gruppo Italcementi
April 2019
Impairment test of the goodwill of La Piadineria a portfolio company of Permira
February 2019
Valuation as of 31.12.2018 of the warrants issued by Mercury UK HoldCo in relation to Nexi
Jenuary 2019
Valuation of the withdrawal value of the shareholding held by a shareholder of GateGourmet
September 2018
Opinion on the debt sustainability ex- art. 2501-bis of La Piadineria a portfolio company of Permira
September 2018
Opinion on debt sustainability ex- art. 2501-bis of Caffè Borbone a portfolio company of Italmobiliare Investment holding
June 2018
Appraisal of the fair value of the equity instrument issued by Coima Res
April 2018
Impairment test of the participation in Donghia held by Rubelli
