We leverage extensive valuation experience to deliver well-reasoned, unbiased financial opinions
Boards, trustees, and other corporate fiduciaries rely on the objectivity and integrity of Chartwell’s fairness and solvency opinions. Our transaction opinions provide stakeholders with an effective tool to make informed financial decisions and mitigate business risk.
Fairness Opinions
Fairness opinions play a critical role in complex financial transactions by providing an independent, third-party assessment of whether the terms of a proposed deal are fair from a financial perspective to key stakeholders and their unique business needs. Clients rely on Chartwell’s comprehensive financial analysis to provide corporate fiduciaries with peace of mind for a variety of transaction purposes:
- ESOP transactions
- Mergers & acquisitions
- Recapitalizations and special dividends
- Going private and insider transactions
- Related party transactions
- Down-round financings
Solvency Opinions
Solvency opinions are a vital component of transaction due diligence, providing an independent financial assessment of whether a company will remain financially viable after a proposed transaction. By offering an objective, third-party analysis, solvency opinions help boards of directors and stakeholders demonstrate compliance with fiduciary duties, reduce the risk of fraudulent transfer claims, and support confident, well-informed decision-making. Chartwell provides solvency opinions in a variety of transaction settings:
- Corporate spin-offs
- Debt refinancing and restructuring
- Leveraged transactions
- Special dividends
- Stock redemptions
Transaction Opinions
Valuation Process
Due Diligence
This initial step involves the transfer of quantitative and qualitative company data to Chartwell, culminating in thorough management interviews.
Proper Research
Chartwell's in-house research team will assess economic, market, and industry conditions affecting the company’s unique operations.
Value Analysis
We will apply appropriate equity appraisal methodologies to determine indications of company enterprise value and fair market value.
Value Determination
Chartwell will reconcile final determination of equity value by selecting an appropriate enterprise value range.
Report Preparation
We will prepare and present a formal valuation report that meets the business requirements of the engagement.
Opinion Delivery
Upon successful closing of a transaction, if applicable, Chartwell will issue a legally defensible fairness or solvency opinion.
Opinions Client Experience
From the Experts
“Chartwell brings wide spanning experience and analytical rigor in its independent opinions. We provide comfort to boards of directors and trustees as they evaluate highly scrutinized transactions and fulfill their fiduciary roles.”
Steve Nelson, Managing Director
“During my career, I have had the opportunity to work on transactions involving companies in a variety of industries with each deal having their own distinct structure and considerations. I enjoy being able to leverage my prior experiences, and those shared by fellow Chartwellians, to assist and provide insight to clients as they are reviewing their specific scenario.”
Tim Lang, Managing Director