MPI Offers A Full Range of Corporate Valuation Services.

The valuation studies we prepare are used not only for
stockholder, corporate and partnership interests' planning per se, but also for a wide variety of other purposes, including intangible asset and intellectual property valuation, purchase price allocation, Sarbanes-Oxley compliance, mergers and acquisitions, initial public offerings, resolving dissenting stockholder and partner disputes, litigation, buy/sell agreements, fairness opinions, reorganizations, recapitalizations, executive stock option plans and employee stock ownership plans (ESOPs). They are also used for credit purposes, including the raising of new capital, and in negotiations involving the sale or merger of a company.

At a time when independent appraisals and credibility are increasingly important, MPI offers the assurance that our work is done in a completely unbiased and objective manner.

Click here to see an overview of our corporate services.

Links to pdf documents about:
Transaction Services
Corporate Development
Financial Reporting
Litigation Support
Investment Banking (visit our investment banking affiliate, MPI Securities, Inc.)
Selected Clients

To perform the above work, we have a staff of professionals, most of whom are MBAs. Most of these professionals have been associated with MPI for many years and, importantly, have been serving clients on a continuous basis for long periods of time.

We also keep current on important legal developments in the tax, corporate, partnership and valuation fields that relate to our services. We know of no other valuation firm in the country that follows recent developments in valuation concepts, legislation, court decisions and revenue rulings as we do. Our valuation specialists believe this to be of critical importance in providing our clients with complete, up-to-date and supportable valuations.
We are prepared to support our valuations through
conferences with government agencies such as the
Department of Labor, the Internal Revenue Service,
the SEC, and through expert testimony in court.

Investment Banking

 

Since 1939, Management Planning has specialized in the preparation of independent, supportable valuations of close corporation securities and partnership interests. We have prepared thousands of studies and have worked in a wide range of industties and in every state in the country.
Our full range of services include valuations for:
• Purchase Price Allocation
• Fairness & Solvency Opinions
• Sarbanes-Oxley Compliance
• Recapitalization & Restructuring
• Mergers & Acquisitions
• Intangible Assets & Goodwill
• Bankruptcy
• SFAS 141 & 142

Click here for a .pdf document on Financial Reporting
Link to: Allocation of Purchase Price and Impairment Testing - Complying with SFAS No. 141 and 142 (.pdf document)
Click here to learn more about FASB 141 and FASB 142!
Click here for a partial list of MPI experience in valuing intangible assets and intellectual property!

When Management Planning analyzes a going business, the most obvious elements of value are tangible assets and working capital as they are physically employed in operating the business. The intangible elements, however, are much more abstract, yet their value, based on their contribution to the enterprise's operations, may far surpass the value attributed to an organization's tangible assets. These intangible assets may not normally be individually negotiated in a purchase or sale but often they become an integral part of the total value of the business. In instances where intangible assets can be identified as having specific and measurable value, these assets should be individually valued as part of the total transaction.

MPI's valuation practice includes the valuation of intangible assets and intellectual property of the following type:
Brand names; trademarks and trade names; subscriber/customer base; assembled work force; franchises; patents; proprietary technology; copyrights; proprietary software; non-compete covenant; advertiser base; core deposits; engineering drawings; license agreements; trade secrets.

The value of these assets is based on a comprehensive analysis of their contribution to the earning power of the whole organization and its total value. By combining appropriate analytical techniques with insightful due diligence, the staff of MPI develops sound, supportable business valuations that can withstand the most rigorous scrutiny.

Some reasons for valuing intangible assets and intellectual property are:

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Link to: Allocation of Purchase Price and Impairment Testing - Complying with SFAS No. 141 and 142 (.pdf document)

The Financial Accounting Standards Board (“FASB”) approved the replacement of APB Numbers 16 and 17 with Statement in Financial Accounting Standards (“SFAS”) Number 141, Statement on Business Combinations, and SFAS Number 142, Statement on Goodwill and Intangible Assets. This essentially mandated “purchase” accounting for business combinations, as “poolings of interests” is prohibited for all transactions initiated after June 30, 2001.

Under the FASB Statements and similar to APB 16, companies are expected to identify and assign values to the purchased assets. Goodwill and certain identifiable intangible assets with indefinite lives, however, will no longer be amortized but, rather, will be periodically tested for impairment.

As a result of the FASB Statements, there will be increased scrutiny of allocations to tangible and intangible assets and goodwill to (i) assure that these allocations are performed with rigor, and (ii) to make sure that companies do not over-allocate the purchase price to non-amortizable assets.

In response to these FASB Statements and the SEC’s position of increased scrutiny, companies need experienced experts in the valuation of tangible and intangible assets to determine and document impairment tests and purchase price allocations.

MPI stands ready to assist you and your accountants with the valuation related aspects of SFAS No. 141 and No. 142, either on a consultative basis or by providing independent valuation opinions and purchase price allocations that are thoroughly supportable and well reasoned. Our approach to SFAS No. 141 and No. 142 issues is to work closely with your accounting firm, providing valuation opinions and value added consultation and advice, as needed. With our dedicated purchase price allocation and intangible asset valuation team, MPI has the resources and experience necessary to perform business enterprise or reporting unit valuations, purchase price allocations and intangible asset valuations, as well as to offer related consulting services to assist in the accomplishment of your financial reporting compliance objectives.

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Related article links:

Fairness Opinions - Proposed Rule on Conflicts of Interest, MPI's experience and independence addresses concerns
MPI Fairness Opinion Experience: Representative Opinions

Fairness Opinions and Protection of Your Interests

MPI prepares fairness opinions for private and public companies for use in acquisitions and divestitures as well as tender offers, leveraged buyouts and ESOP transactions. The depth of our valuation experience, our work in many diverse industries, our unquestioned independence, and our experience in the structuring and valuation of complex securities ensure the soundness and supportability of our opinions. This provides important protection for business officers, directors or trustees.

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