Positioning
Our services are designed for investors in Private Equity funds, for whom staying in control of their investments is becoming increasingly complex and who are seeking an evaluation of the unlisted portion of their investments.
We offer the advice of an independent expert in the use of best practices with regard to metrics, assessment and valuation techniques pertaining to unlisted companies.
Using a competent professional allows them to:
- Pre-empt unexplainable situations with negative middle-term effects on performance.
- Predict forthcoming cash flows (complementary investments, return on investment forecasts, etc.)
- Benchmark the performance of funds and unlisted companies in which they are invested (IRR, investment multiples).
With P. & Partners, they benefit from the accuracy, objectivity and experience of an auditor focussed on the Private Equity sector.
Our goal: to certify the valuation of your unlisted investments as well as the conformity of the valuation processes and methods employed.
Our strategy: to uncover the fair value of your unlisted investments (multi-criteria approach) with regard to the conditions in which the price has been established (sale of portfolio, secondary operation,…).
P. & Partners Services
P. & Partners offers funds, family offices and investment holdings:
- A proven approach to reviewing the valuation work carried out by top company managers as well as by the investment teams of Private Equity funds
- A methodology to evaluate the sources, models and data pertaining to participations (revenue, Ebit, net liabilities, etc.) used in valuation calculations
- A signature attesting the valuation of portfolios/ of unlisted companies as well as the corresponding performance figures (IRR, investment multiples)
These services are aimed primarily at investors who wish to develop their risk management function.
Our investigations combine an analysis of the environment of a participation (economic activity, competition, comparable transactions), an analysis of risks (financial and legal) incurred by the company as well as a study of alternative valuation models able to bolster the analysis (DCF, peer group).
Even though the risk evaluation approach cannot be the only valuation technique applied to a portfolio or a company, it is apt to bring about improvements.
P. & Partners guides its clients in this process, helps them to better apprehend risk factors and include them in their analysis in order to use them as opportunities.
Part of the added value of our support is our ability to identify the components of a valuation method, the sensitivity of a financial model and the impact of variables (the intrinsic data of participations).
