Mr. Villwock’s firms have provided fairness opinions to both public and private companies, typically in conjunction with a merger or other significant corporate event where the Board of Directors wants to assure minority shareholders that the deal is fair.
Recently he completed an assignment where the parent company was acquiring the stock it didn’t already own in a subsidiary. Once the transaction was completed, the subsidiary would be 100% owned by the parent company.
But was the consideration paid for the minority stock a fair deal?
We reviewed all the available documents, and did a valuation of both the parent and the subsidiary. We were able to provide a fairness opinion to the Board that the deal was fair from a financial point of view to the subsidiary shareholders.