A fairness opinion is a professional opinion, regarding the fairness of a price offered in a sale or merger. Any major corporate decisions that affect corporate value, e.g. acquisitions, merger, share buybacks, spinoffs, going private, etc., may require an objective fairness opinion.

Because transactions often involve board members who may have a vested interest or may be affiliated with the company, a fairness opinion shows evidence that the board member was challenging the deal and that the potential deal was properly examined.

For a fairness opinion to provide maximum protection for the board of directors, the valuation firm rendering the fairness opinion must be independent and free of conflicts of interest.

Similar to fairness and economic opinions, solvency opinions are financial opinions issued near the close of a transaction. The opinions generally address certain financial tests of solvency. The opinion is often required by boards and lenders as additional protection in the case of a subsequent fraudulent conveyance attack.

We provide a thorough examination aimed at the board of directors and management regarding the fair value, the worthwhileness and the implications of the transactions on companies. We invite you to reach out and receive additional information from our CEO & Founder, Gidi Shalom Bendor.