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INDEPENDENT VALUATION OF PRIVATE EQUITY AND DEBT

Outsourced, Transparent, and Auditable
Is your valuation process free of conflicts of interest?

Valuation is the cornerstone of the private equity Industry as it impacts the main actors of this market: LPs, GPs and supervising authorities. A fair valuation can be challenging to justify when the valuation is provided by a party that is also interested in the performance of the investment (e.g., GPs).

Getting a fair valuation of your private equity or private debt instruments can be costly and time-consuming. The onboarding of an external party can bring an independent aspect to your valuation and provide confidence while avoiding conflicts of interests issues.Each Private Investment case is different and we endeavour to fit to each specific situation in order to provide bespoke solutions.

How does Finalyse address your challenges?

Valuation

Valuation of all types of private investments: equities, loans (convertibles, mezzanine, structures, etc.).

Due diligence 

A due diligence process at the inception of a deal or for a year-end exercise.

Market data

Gathering all market data: transactions (when available), FX rates, equity volatility, yield curves and credit spreads.

Compliance

Compliance with regulations: AIFMD, EUVECA, etc.

Best market practices

We follow the International Private Equity and Venture Capital Valuation (IPEV) guidelines.

Support

We provide support and follow-up explanations in case of need.

To get all your questions answered
Contact us

How does it work in practice?

To avoid any conflict of interests, Finalyse offers you its independent due dilligence and valuation service, with the following main aspects:

  • Various approaches (public multiples, DCF, recent transactions, impairments, option based).
  • Independent and consistent computation of NAV over time.
  • Compliance with regulations (AIFMD, EuVECA).
  • Best market practice (IPEV guidelines).
  • One-stop-shop for the valuation of private equity, OTC derivatives and structured products.
  • The service is enhanced with a fully documented justification of the price.
  • Quarterly presentation of prices to the valuation committee (if needed).

 

Key Features

  1. A sound and detailed valuation report

  2. Risk dashboards linked to a valuation (stress tests, sensitivity to market data, scenario analysis) at portfolio or position level
  3. Open dialogues with Investment managers as well as full transparency of the process

  4. The service is enhanced with fully documented justification

  5. Specific support can be provided on request from auditors, regulators, or shareholders

Our subject matter experts

Ali Bilge
Partner

Ali Bilge, Partner, is in charge of business development, customer relationship management and is the market expert.

He was at the inception of our valuation services and has played a pivotal role in the substantial growth of the activities and client portfolio of Finalyse Valuation Services.

Before joining Finalyse, Ali was heading several leading structured product desk. The value chains behind derivatives and Structured products have no secret for him.

Silvio Pretto
Consultant

As part of Finalyse’s alternative investments valuation team, Silvio evaluates alternative financial products, such as ABS, MBS, etc. He contributes to the set up of new financial instrument valuation models and performs Due Diligence before investment and ongoing. Silvio also performs the valuation of private equity and private debt instruments of dedicated investment funds, using different methodologies to evaluate the funds underlying companies on an ad-hoc basis, primarily market-based and DCF models, including scenario analysis and stress tests.

Client Testimonials

PRIVATE INVESTMENTS SERVICES

We provide valuation and due diligence services to asset management firms that need to use the fair value of their PE investments. We offer a recurrent semi-annual valuation of portfolios for the computation of NAV. We also act as independent advisors for the evaluation of the fair value of private equity and private debt instruments on a case-by-case basis. We finally provide due diligence reviews during the investment process (or during the life of investment) into private projects and deliver a piece of final advice on all risk management aspects. This includes, among others, liquidity analysis, market risks (peers’ analysis, forex, interest rates), country risk, suitability of the vehicle and consequences, exit aspects and fair valuation.