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FAIRNESS OPINIONS

There are certain situations that require an independent opinion as to whether, from a financial point of view, the terms of a transaction are fair to specific parties of interest, typically investors in a fund or shareholders of an Advisor. Those situations include when a portfolio of assets being bought from or sold to a related entity or when a majority block of shares of an Investment Advisor are sold without prior consent of a minority shareholder. Often times there are changes to the Advisor’s capital structure that merit a fairness opinion as well.

Houlihan Smith is a leading provider of highly regarded fairness opinions. Houlihan incorporates best practices within the corporate governance, regulatory, legal and valuation fields. Having written more than 100 fairness opinions, our professionals have extensive experience with the processes that enable key decision makers to perform their duty of care.

Our experience in investment management transactions and strict adherence to maintaining independence enables Houlihan to discern fairness for all parties in the transaction. Where areas of uncertainty arise, we are forthcoming with sound advice to ensure significant and time sensitive transactions are carried out without foregoing the fiduciary duties.