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Independent Business Valuations · IFRS 3 · IAS 36

Valuation Services

Independent, technically rigorous valuations for M&A transactions, financial reporting, shareholder disputes, and regulatory purposes — delivered with the methodology transparency that auditors and regulators demand.

IFRS 3 PPAIAS 36 ImpairmentM&A TransactionsShareholder DisputesRegulatory FilingsDCF & Market ApproachIP Valuation
Our approach

Valuations that
withstand scrutiny

A valuation is only as credible as the methodology behind it and the independence of the person signing it. We bring both. Our valuation professionals combine deep IFRS knowledge with commercial rigour — producing opinions that satisfy auditor review, board governance requirements, and, where necessary, court scrutiny.

We select methodology based on the asset class, purpose, and available data — not a standard template. DCF, market multiples, net asset value, relief-from-royalty for IP, and excess earnings approaches are all applied as appropriate to the specific engagement.

  • IFRS 3 purchase price allocations for M&A transactions
  • IAS 36 goodwill and intangible asset impairment testing
  • Fair value assessments for financial instruments (IFRS 9/13)
  • IP and intangible asset valuations for licensing and IP Box purposes
  • Independent expert reports for shareholder disputes
  • Valuations for Cyprus regulatory submissions and CySEC filings
  • Business valuations for sale and acquisition purposes
Case studies

Selected anonymised engagement examples are provided for context only. Outcomes depend on each client’s facts, evidence, implementation, third-party decisions and the law in force; similar results are not guaranteed.

Representative engagements

Tech Acquisition · IFRS 3 PPA
Purchase price allocation for €18M acquisition of Cyprus SaaS business

A UK private equity firm acquired a Cyprus-based SaaS business for €18M. The acquiring entity's auditor required a purchase price allocation under IFRS 3 to identify and measure separately acquired intangible assets — including customer relationships, technology platform, and brand — before goodwill could be quantified.

Outcome
PPA completed identifying €7.4M of separately recognisable intangible assets
Relief-from-royalty method applied to technology platform; excess earnings to customer relationships
Goodwill of €4.8M recognised — consistent with PE sponsor's investment thesis
Accepted by group auditor without adjustment at first review
Shareholder Dispute · Expert Report
Independent valuation for minority shareholder dispute in Cyprus holding company

A minority shareholder in a Cyprus trading group disputed the value placed on their 25% interest by the majority shareholders in a proposed buy-out. The parties required an independent expert opinion to provide a basis for negotiation and, if needed, court proceedings.

Outcome
Independent expert report prepared using DCF and EV/EBITDA market comparables
Valuation range of €2.1M–€2.6M for the 25% interest established
Parties reached negotiated settlement at €2.3M without court proceedings
Engagement completed within 4 weeks of instruction
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