Corporate Finance

Technical paper: Valuation of partnerships according to IDW S1

Business valuation

The Corporate Finance division at ADKL mainly focuses on business valuation. Thanks to our many years of experience as an expert auditor of the appropriateness of severance and compensation payments and as a neutral expert for courts in connection with structural measures under stock corporation law, we are one of the leading medium-sized auditing companies in Germany with special expertise in valuation matters. Our valuation activities extend to companies in all sectors, from small and medium-sized enterprises to international groups, and we have demonstrated particular expertise in the insurance industry.

Our main areas of focus at a glance:

Valuation services

  • Valuation of companies or company shares
    • Legal valuation reasons, e.g. exclusion of minority shareholders (squeeze out), conclusion of control and profit and loss transfer agreements, measures pursuant to the German Transformation Act (UmwG)
    • Civil law disputes, such as family law settlements, inheritance disputes
    • Agreements under private law, e.g. in the case of entry and exit of shareholders
    • Corporate initiatives, such as purchases, sales, mergers, IPOs
    • Tax purposes, e.g. restructuring, inheritance and gift tax, tax audits
    • Valuation of investments for accounting purposes (impairment tests)
  • Valuation of intangible and tangible assets
  • Purchase price allocation for accounting purposes

Due diligence

  • Commercial and financial due diligence
  • Tax and legal due diligence

Mergers & acquisitions

  • Advice regarding company acquisitions and company sales
  • Advice regarding IPOs

Other services

  • Audit of foundations by means of non-cash capital contribution, capital increases by way of contribution in kind and conversions
  • Development of business plans
  • Expert opinions and advice on restructuring (assessment of proximity to insolvency, preparation of excess debt status, prognosis for company’s continued existence)
  • Preparation of fairness opinions
  • Preparation of arbitration opinions
  • Determination of loss of profit in compensation cases
  • Support during acquisition/sale considerations
  • Support with the determination of capital market data (S&P Capital IQ database)