Business Valuation
Valuation of businesses, projects and companies, under multiple methodologies.
Practice area
Corporate Advisory & Valuation
Valuation, diligence and structuring for boards at an inflection point.
The number has to survive the negotiation
A valuation prepared for comfort and a valuation prepared for a negotiation are not the same document. The second one will be read by a counterparty whose interest is to dismantle it, line by line, in a room where the seller cannot rehearse. Method, comparables and every judgement made along the way have to be defensible at that moment.
This practice supports boards and owners through transactions and transitions: what the business is worth, what the counterparty is actually acquiring, how the transaction should be structured, and what the parties owe each other once it closes.
Service overview
Valuation is prepared under multiple methodologies, with the divergence between them explained rather than averaged away. Diligence establishes what is actually being acquired, including what has not been disclosed. Structuring and transaction documentation follow the commercial intent, and succession and dilution work addresses what happens to control long after the consideration has been paid.
- Multiple methodologies, divergence explained
- Judgements stated, not buried in method
- Structured for the transaction actually intended
- Defensible under counterparty scrutiny
Services in this practice
M&A Diligence and Structuring
What is being acquired, and how the transaction should be built.
Exit and Succession Planning
Terms and sequence for a transition of ownership or control.
Board Advisory
Independent counsel to directors at a decision point.
Equity Dilution Support
Modelling what each round costs the existing holders.
Transaction Documentation
The document set that carries the agreed terms to close.
What you receive
- A valuation report setting out each methodology applied, its inputs and its result.
- The working valuation model, unlocked, with sensitivities already built.
- A judgement schedule listing every discretionary call and the basis for it.
- A diligence findings memorandum, where diligence forms part of the mandate.
- A board-ready summary that can be tabled without the full file.
How a mandate runs
Intake and scoping
A private conversation establishes the decision the document must support, who will read it, and what it must survive. Scope, fee and dates are fixed in writing before work begins.
Research
Primary sources first, secondary sources named. Every figure that enters the document carries a traceable origin, and assumptions are recorded separately from findings.
Authorship
The advisor who scoped the mandate writes it. Argument, structure and numbers are built together, so the narrative and the model cannot drift apart.
Partner review and signature
A second senior reviewer reads adversarially, against the standard the receiving institution applies. The document is released under signature.
Projectzo does not take on every inquiry
This practice is for
- Boards approaching a sale, a purchase or a change of control.
- Owners planning a succession while there is still time to sequence it.
- Companies raising equity and needing to understand the dilution they are agreeing to.
- Directors who need counsel that is not the counsel advising the transaction.
We decline
- Valuations commissioned to reach a figure decided in advance.
- Brokerage, introductions, or any role remunerated by the transaction closing.
- Mandates where material facts are withheld from the diligence.
Standards and compliance
Scope fixed in writing
Scope, fee and delivery dates are agreed in writing before work begins, and do not move.
One senior advisor
A single named advisor carries the mandate from intake through final signature.
GST-compliant invoicing
Tax invoices issued against GSTIN, with input credit available where eligible.
DPDP-compliant handling
Client data is held, processed and returned under a documented retention policy.
Frequently commissioned alongside
General questions
01 Which valuation methodology do you use?
Several, deliberately. Where the methods diverge, that divergence is itself a finding about the business. It is explained, not averaged into a single comfortable number.
02 Do you take a success fee?
No. Fees are fixed at scoping and are not contingent on a transaction closing or on the figure reached. An adviser paid on the outcome cannot credibly value the thing being transacted.
03 Can the valuation be used with our lender or auditor?
The intended reader is established at scoping, and the report is prepared to that standard. Whether a particular institution accepts it remains that institution's decision.
04 How long does a valuation take?
The diligence required sets the timeline, not the page count. Dates are fixed in writing at scoping. The review stage is not compressed to meet them.
05 What does an engagement cost?
Engagements begin at USD $2,500, set by the diligence the valuation requires. The fee is fixed at scoping and invoiced GST-compliant. It does not move once agreed.