Fairness Opinions

For a fairness opinion to provide maximum protection for a board of directors, the financial advisor rendering that opinion must be independent and free of conflicts of interest. Duff & Phelps is uniquely qualified to provide independent fairness opinions that withstand the most rigorous scrutiny.

Duff & Phelps provides independent fairness opinions to help boards of directors and other corporate fiduciaries make informed decisions. These fairness opinions are supported with thorough research, detailed financial analyses and complete documentation, giving clients the confidence to move forward.

Duff & Phelps provides fairness opinions in connection with:

  • Acquisitions and divestitures
  • Mergers
  • Leveraged buyouts
  • Going-private transactions
  • ESOP transactions
  • Related-party transactions
Duff & Phelps served as financial advisor to the board of directors of MoneyGram International in connection with a recapitalization transaction.
Duff & Phelps served as financial advisor to the board of directors of Diodes Incorporated in connection with its acquisition by Zetex Semiconductors.
Duff & Phelps served as financial advisor to the supervisory board of Schuitema N.V. in connection with its acquisition by CVC Capital Partners.
Duff & Phelps served as financial advisor to the board of directors of Boulder Specialty Brands, Inc. in connection with the acquisition of Smart Balance.
Duff & Phelps served as financial advisor to the board of directors of Toys "R" Us in connection with its acquisition by an investor group.
The frozen credit markets have prompted many debt issuers to explore debt exchanges in lieu of refinancings.
In most credit agreements, bond indentures, LLC agreements, etc., there is often a covenant pertaining to affiliate party transactions. Most often, compliance with the covenant requires a fairness opinion from an independent, nationally recognized financial advisor.
Recent Duff & Phelps Survey Highlights Rising Demand for Fairness Opinions in US and Europe in 2009.
This report highlights key trends impacting SPACs and looks ahead to what we expect will be key issues in 2009.
Christopher Janssen
Christopher Janssen
 
Managing Director
Duff And Phelps Investment Banking