GYAS issues transaction opinions to a range of clients who are looking to fulfill their fiduciary duties, mitigate risk or determine corporate value. Transaction opinions issued by GYAS are Valuation Opinions, Fairness Opinions and Solvency and Capital Adequacy Opinions.
GYAS utilizes advanced financial techniques to independently assess current and potential value of businesses and its capacity to service its financial obligations. GYAS performs rigorous analyses and due dilligence work on behalf of boards of directors, debt and equity investors, trustees and other corporate leaders to advise and provide unbiased opinions on a wide range of transactions.
Valuation Opinions are based on results of several valuation techniques in each valuation utilizing both qualitative and quantitative information about the company and its industry in order to determine most representative value for the respective company or asset. In addition to traditional discounted cash flow and comparables valuation techniques, GYAS utilizes in certain cases advanced option based valuation techniques that are the next frontier in valuation finance. Valuation Opinions help determine enterprise value in a variety of situations, including:
- Mergers and acquisitions
- Initial public offerings
- Redemptions of shareholder interests
- Determinations of tax liabilities
- Assessments of collateral values
- Reorganisations of family-owned businesses
Fairness Opinions help business owners, boards of directors, special committees and companies fulfill their fiduciary responsibilities by providing them with comprehensive analyses and unbiased opinions about the financial fairness of pending transactions. Fairness Opinions are always recommended in complex situations but are relevant in virtually every type of change-of-control transaction, including:
- Affiliate and insider transactions
- Related-party transactions
- Transactions involving competing offers
- Down-round financings
Solvency and Capital Adequacy Opinions are issued on behalf of boards of directors, lenders, equity sponsors and investment banks. Expertise of GYAS professionals in leveraged finance transactions and financial restructurings provide a strong foundation for rendering solvency and other capital adequacy opinions, including insolvency opinions, working-capital reviews and financial viability opinions. Solvency and Capital Adequacy Opinions provide an additional level of protection, mitigating risk of fraudulent conveyance, particularly in the case of:
- Leveraged transactions
- Stock redemptions
- Dividend distributions
Companies are routinely scrutinized by various constituencies including suppliers, customers, stockholders, lenders, regulators, and the tax authorities, and working with an independent expert like GYAS facilitates information transfer among these constituencies and builds stronger relationships with them necessary for the long-term success of the business.
Please contact GYAS for assistance with your transaction opinion needs. E-mail: