Ventura Group analyzes and values targets related to potential indications of interest and for strategic studies for either buy side or sell side considerations.  We apply valuation techniques developed through decades of experience and utilize both third party proprietary information and internally developed data sources.

The firm recognizes the need for both the science and the art of valuation. On the technical side, we attempt to triangulate around value ranges utilizing discounted cash flow analysis, public company trading multiples and comparable deal analysis.  From the practical viewpoint, we incorporate current market knowledge and research along with our judgment of the circumstances surrounding a particular business.  We recognize that prices and related deal terms are ultimately decided in the marketplace.

We will prepare a valuation of the business based on performance under the ownership of prospective buyers, recasting the historical financial results to account for the new ownership and to adjust for private ownership or corporate allocation practices unique to each situation.

We have found the technical side of valuation to be important, but also imperfect.  The determination of revenue and profit forecasts, discount rates, and comparable public companies/transactions with relevant size and business lines contains an element of judgment related to imperfect data.  Our real world experience with M&A related valuations of both large and small companies allows us to professionally present reasonable valuation ranges to our clients.

We recognize and have dealt with the challenge of valuing privately held companies where relevant data may be limited or difficult to obtain.

In conjunction with Berkshire Bridge Capital, we offer Fairness Opinions as to whether an acquisition or divestiture transaction is fair from a financial point of view.

In a similar vein, we may also work with a company’s board to assess a buy or sell “transaction” and “valuation” proposed by management and the company’s investment banker by delivering timely, relevant perspectives.  Given the environment with regards to shareholder activism, this type of engagement arises as there may be times when a board of directors wishes to separately engage an investment banker to advise the board.  The board’s advisor does not execute the transaction; the board’s advisor provides the independent oversight sought by the board.  The company’s management and the company’s investment banker execute the transaction.