Services Overview
Most valuation firms claim to be generalists—but we don’t. We know that rapid growth and advanced technology create complexity in a valuation—you want a specialized valuation expert who already knows how to deal with these variables, not someone who is going to learn on the job.
Teknos focuses exclusively on high growth companies in the fields of information technology, life sciences, and alternative energy / cleantech. Within our specialty we have experience in providing valuation support for many different situations.
- Stock Option Issuance:
- Valuation reports to comply with the tax requirements of IRC 409A and the GAAP requirements of ASC 718 (formerly FAS 123R).
- Merger and Acquisition Support:
- Fairness opinions – independent advice to the board of directors, without investment bank conflicts-of-interest;
- Valuations of company or division – assistance with the valuation of two companies in a merger of equals or the valuation of a division being divested;
- Intangible asset valuation;
- Real-time modeling of the balance sheet and income statement effects of intangibles, such an earnout or IPR&D, during transaction negotiations,
- Valuation reports to comply with the GAAP requirements of ASC 805 (formerly FAS 141R) in valuing intangible assets and liabilities, after the acquisition closes.
- Asset and Goodwill Impairment:
- Valuation reports to comply with the GAAP requirements of ASC 350 (formerly FAS 142) dealing with intangible assets, including goodwill, and ASC 360 (formerly FAS 144) dealing with other long-term assets.
- Tax and Financial Reporting:
- Expertise in tax issues such as calculating IRC 280G (golden parachute) amounts for a proxy statement or supporting an IRC 338(g) or 338(h)(10) election on Form 8594 (under the provisions of Treasury Regulation 1060, dealing with post-acquisition asset basis adjustment and allocation);
- Financial reporting issues such as ASC 815-15 (formerly FAS 133), dealing with the embedded derivatives flowing from certain redemption features, ASC 480 (formerly FAS 150), dealing with financial instruments with characteristics of both liabilities and equity, or ASC 810 (formerly FIN 46R), dealing with variable interest accounting.
- Portfolio Assistance:
- Portfolio company valuation – assistance ranging from full valuation reports about significant portfolio companies to analytical support on behalf of a venture capital firm’s finance staff dealing with auditor queries under the terms of ASC 820 (formerly FAS 157);
- Cross-fund investment – assistance with making an investment from one venture capital fund into a portfolio company held by another fund or the merger of two companies from two different funds.
- Litigation Support:
- Specialized valuation work and expert witness testimony in connection with mediation, arbitration, or litigation.