Salvidio & Partners publishes 2019 II Q Industry Betas Report (USA edition)

Industry Betas II Quarter 2019 – Available now We have released our new levered and unlevered industry beta report for II Quarter of 2019 (USA edition). Our betas are aggregated by 65 industries and by 10 geographical zones. On our Documents web page you can download a preview or you […]

Salvidio & Partners publishes 2019 II Q Industry Betas Report (Intl. edition)

Industry Betas II Quarter 2019 – Available now We have released our new levered and unlevered industry beta report for II Quarter of 2019 (Intl. edition). Our betas are aggregated by 65 industries and by 10 geographical zones. On our Documents web page you can download a preview or you […]

Our quarterly beta research extends to 65 industries and 144 sub-industries

From IV Quarter 2018 issue onward, our quarterly research and publication about betas has been extended and reorganized. It now features betas estimated for 65 industries, and for  144 sub-industries. Betas are aggregated globally and by other 10 geographical zones. We publish regularly two quarterly updates in English, one aimed […]

BVR chooses Salvidio & Partners Industry Betas for Cost of Capital Professional tool

BVR – Business Valuation Resources, the largest provider of information, literature, data and news for business and intangbles valuers in USA and Canada has choosen Salvidio & Partners’s industry and sub industry betas together with betas provided by Aswath Damodaran for  Cost of Capital Professional (CoCP). CoCP is an online […]

Salvidio & Partners publishes 2019 I Q Industry Betas Report (USA edition)

Industry Betas I Quarter 2019 – Available now We have released our new levered and unlevered industry beta report for I Quarter of 2019 (USA edition). Our betas are aggregated by 65 industries and by 10 geographical zones. On our Documents web page you can download a preview or you […]

Salvidio & Partners publishes 2019 I Q Industry Betas Report (Intl. edition)

Industry Betas I Quarter 2019 – Available now We have released our new levered and unlevered industry beta report for I Quarter of 2019 (Intl. edition). Our betas are aggregated by 65 industries and by 10 geographical zones. On our Documents web page you can download a preview or you […]

Salvidio & Partners publishes 2018 IV Q Industry Betas Report (Intl. edition)

Industry Betas IV Quarter 2018 – Available now We have released our new levered and unlevered industry beta report for IV Quarter of 2018 (Intl. edition). Our betas are aggregated by 65 industries and by 10 geographical zones. On our Documents web page you can download a preview or you […]

Salvidio & Partners publishes 2018 IV Q Industry Betas Report (USA edition)

Industry Betas IV Quarter 2018 – Available now We have released our new levered and unlevered industry beta report for IV Quarter of 2018 (USA. edition). Our betas are aggregated by 65 industries and by 10 geographical zones. On our Documents web page you can download a preview or you […]

Salvidio & Partners publishes 2018 III Q Industry Betas Report

Industry Betas III Quarter 2018 – Available now We have released our new levered and unlevered industry beta report for II Quarter of 2018. Our betas are aggregated by 134 industries and by 10 geographical zones. On our Documents web page you can download a preview or you can request […]

Golden power e lack of marketability discount

We were istructed to release an opinion about the fairness of the price offered to buy a controlling interest into an Italian company that operates in the defense and security sector. The company whose shares were under offer manages military facilities and provides systems to protect both military TLCs as […]

Impairment test of goodwill and military secrecy

We have been instructed to test for impairment the goodwill of the Italian subsidiary of one of the largest civil and military airplanes manufacturers. We tested goodwill at entity level, relying on company’s management consolidated financial forecast. What was peculiar of this engegament was that most company information concerning projects […]

Court of Rome and ATAC – a matter of valuation

ATAC, Italy’s largest urban public transportation company, petitioned, in January 2018, to be reorganized under Italian insolvency proceeding of s.c. “concordato preventivo” (a pre-bankruptcy composition with creditors by means of a deed the latters have to approve). After an accurate scrutiny, the Court, at the end of July, eventually decided […]

Salvidio & Partners publishes 2018 II Q Industry Betas Report

Industry Betas III Quarter 2018 – Available now We have released our new levered and unlevered industry beta report for II Quarter of 2018. Our betas are aggregated by 134 industries and by 10 geographical zones. On our Documents web page you can download a preview or you can request […]

When business judgement rule meets business valuers

Upon instruction by the III Section “Corporate Law” of The First Instance Court of Rome we have filed our independent expert report concerning alleged misconduct by the management board and by the statutory auditors of one the largest, once listed, now defunct Italian OLO-ISP that was declared insolvent in 2008. […]

Salvidio & Partners publishes 2018 I Q Industry Betas Report

Industry Betas I Quarter 2018 – Available now We have released our new levered and unlevered industry beta report for I Quarter of 2018. Our betas are aggregated by 134 industries and by 10 geographical zones. On our Documents web page you can download a preview or you can request […]

Salvidio & Partners publishes 2018 edition of Trading Multiples for Business Valuations

Trading Multiples for Business Valuation  – Available now We have released our 2018 edition of Trading Multiples for Business Valuations. This yearly updated research presents historical average industry trading multiples, which may be used, as empirical indicators, to derive an appraisal value when carrying out valuations of businesses and business interests. The above named […]

Liquidation value of a Public Transportation Company

We have been requested to estimate the liquidation value of a Public Transportation Company. The Company has filed for the Italian equivalent of US Chapter 11 (a reduction of debt and the continuation of operations).  Creditors must also be informed about the outcome of the alternative scenario to continuation of […]

Salvidio & Partners publishes 2017 IV Q Industry Betas Report

Industry Betas IV Quarter 2017 – Available now We have released our new levered and unlevered industry beta report for IV Quarter of 2017. Our betas are aggregated by 134 industries and by 10 geographical zones. On our Documents web page you can download a preview or you can request […]

A fairness opinion about the acquisition price of supermarkets

We have been asked to issue a fairness opinion about the acquisition price of a chain of twenty-nine supermarkets that have changed hands in Central Italy.  The acquisition price takes into account that the seller will retain the management and the profits of the supermarkets for four years.

RICS Business Valuation Conference – Hong Kong, 1 December 2017

The annual business valuation conference organised by RICS took place today, in Hong Kong. Since this town is one of most active financial marketplaces, interest by regulators and by professionals for business valuation is well alive, as demonstrated by the relatively high number of attendees (about 200) for such a […]

Liability of company management and business valuation

On behalf of a major Italian Court, we have completed our first report concerning a forensic investigation into a series of transactions (various acquisitions and three mergers) that were done, during a whole decade, by a an internet data and voice provider that went bankrupt sometimes ago. The bankruptcy receiver […]

Valuing a supermarket chain

We completed the valuation of a mid-sized supermarket chain. At our client’s request, we have been asked to adopt two alternative bases of value, each one respectively related to two different scenarios:  a) a contribution in kind of the business in a newly formed company (basis of value:  reference to […]

Salvidio & Partners publishes 2017 III Q Industry Betas Report

Industry Betas III Quarter 2017 – Available now We have released our new levered and unlevered industry beta report for III Quarter of this year. Our betas are aggregated by 134 industries and by 10 geographical zones. On our Documents’ web page you can download a preview or you can […]

Assisting a biopharmaceutical company before court

An Italian bio-pharmaceutical contract development and manufacturing company  has purchased two years ago certain intangible assets from its former foreign parent company, multinational group.  Price paid for such intangibles has proven to be much higher than expected returns would justify. A significant impairment loss had to be recorded only a […]

Salvidio & Partners publishes 2017 II Q Industry Betas Report

Industry Betas II Quarter 2017  – Available now We have released our new levered and unlevered industry beta report. Our betas are aggregated by 134 industries and by 10 geographical zones. On our Documents’ web page you can download a preview or you can buy the report.

Valuing an historical industrial trademark

We have been instructed to value a long established Italian company that produces electronic equipment for salespoints.

Salvidio & Partners publishes 2017 edition of Trading Multiples for Business Valuations

Trading Multiples for Business Valuation  – Available now We have released our 2017 edition of Trading Multiples for Business Valuations. This yearly updated research presents historical average industry trading multiples, which may be used, as empirical indicators, to derive an appraisal value when carrying out valuations of businesses and business interests. The above named […]

Assisting a social network before court

We have been instructed to assist a social network that has been summoned to appear before an Italian court. Plaintiff, a media company, pretends that the social network was not authorized to publish certain video material on its pages. We aim at demonstrate that no damages occurred and therefore nothing […]

Fairness opinions for three Italian pension funds

We have been instructed by three Italian pension funds to prepare as many fairness opinions concerning the prices they have paid for making investments and for the procurement of goods and services. The fairness opinions shall help the three pension funds to object to complaints raised by the Italian supervisory […]

The importance to rely upon professional asset valuations

We have been instructed to value a mid sized construction company. Our engagement’s context is that of an inheritance. The main difficult in this case was the lack of convincing figures concerning the value of property owned by the company. Such property has been valued “internally” by the company’s management […]

IVSC launches new global standards for valuation profession

International Valuation Standards 2017 available now IVSC launches new global standards for valuation profession. IVS 2017 is now available. Click here for more information.

Action brought against management of Italian subsidiary of German multinational company

We have been instructed to assist the directors and statutory auditors of an Italian subsidiary of a multinational German company. The subsidiary has been recently become insolvent. The court appointed receiver has promoted an action against directors and statutory auditors complaining that corporate transactions were made that resulted in a […]

Buying a troubled business at the right price: beware of claw-back action !

 We have been instructed by a quoted company to value a business that was purchased from a competitor, before the latter filed for bankruptcy before an Italian court. According to Italian insolvency law, an asset that has been sold by a debtor during twelve months prior to becoming insolvent may […]

Valuing a business on a two different bases of value

We have been instructed value a significant interest in the holding of a company group engaged in the production of cement and concrete. Our client would like to know the value of the interest depending on whether it keeps it as a long term investment or it sells it. We […]

Fairness opinion on price for NPL portfolio

An Italian bank that is undergoing liquidation has instructed us to release a fariness opinion concerning the price offered by a prospective buyer of a portfolio of non performing loans.

Patent box: it is not always possible to find true “comparables”

Two major Italian companies (one operating in the production of artistic home furniture; the other one operating in the scientific and cultural publishing) have instructed us to analyse and value their intangible assets. Both companies intend to file with the Italian Revenue Service for application of tax benefits (s.c. “patent […]

Insolvency declaration of the Italian subsidiary of a multinational Chinese company revocated

A multinational Chinese automotive company a has instructed us as expert witness before the Court of Appeal of Ancona aiming at the reversal of the first instance ruling by which the insolvency of its Italian subsidiary has been declare. We succeeded in demonstrating that not only that the prerequisites for […]