During this webinar Andrew Strickland, Consultant, Scrutton Bland will look at that most difficult area: the valuation of fractional interests in private companies.
It examines various sources for the discounts for lack of marketability and for lack of control and the challenges with some of these valuation techniques.
The webinar introduces a new chart for levels of value in private companies. It explores the concepts of Beta and Total Beta and how these may be useful in the valuation of family companies.
In order to demonstrate its relevance, the webinar makes reference to various cases in which some of these valuation tools have been used. It includes a summary of discounts applied in various recent cases.
Some learning points:
Listeners will learn of the discounts being applied in various recent court cases, both fiscal and non-fiscal.
Andrew Strickland - Andrew works very closely with the business valuation community of the ICAEW; he undertakes various forms of contentious valuation and also delivers training in business valuation. His valuation work is mainly in respect of shareholder disputes, valuations in divorce and fiscal valuation. Andrew is the author of an article which appeared in Taxation on the question of the control premium and another dealing with the valuation of growth shares using option modelling; he was the joint author of an article in the USA magazine, Business Valuation Update dealing with the bid premium and the heterogeneous investor population. He is a director of the International Institute of Business Valuers and chairs its education committee.
Luke Morris – Luke heads the corporate finance activity at Scrutton Bland, a practice assisting entrepreneurs to buy, sell, refinance, reorganise and value their businesses. He has many years’ practical experience in the valuation of private companies for fiscal, commercial and matrimonial purposes. Luke is lead partner liaising with the firm’s global network, Nexia International, and is part of Nexia International’s Advisory and Valuations Group. He also serves as one of the East Anglian ICAEW City Heads, a role which sees him bringing together and representing members of the profession in the region.
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