Spin-Offs and Divestitures

A company considering a spin-off or divestiture of a subsidiary, division, or other part of its business must consider whether the value it is receiving is adequate and fair and may want some assistance in structuring the transaction.

Mergers

Some technology companies consolidate in a transaction commonly referred to as a "merger of equals." Management of the two companies may be able to resolve most issues (e.g. post-transaction management structure, combined product line, etc.) without an investment banker, but cannot agree on relative valuation. In such cases, Pagemill Partners can provide an analysis and valuation of each company to facilitate an agreement.

Solvency Reports and Opinions

Some transactions, for example certain loans or dividends, may require a solvency opinion for the comfort of a lender or board of directors. Pagemill Partners can provide an opinion that the proposed transaction will not cause the company's assets to be less than its liabilities, that the company will be able to pay its debts as they come due, and that the capital remaining in the company would be reasonable for the business in which it is engaged.

Litigation

Claims and disputes involving valuation are rising, whether in the context of tax, bankruptcy, infringement, breach of contract, dissenting shareholder, or other cases. Pagemill Partners has a deep understanding of technology and valuation issues which can be useful during mediation, arbitration, or trial. Individuals at Pagemill Partners have served as "expert witnesses" in litigation and can take the discussion beyond theoretical valuation methods with their real world experience.

Financial Studies

Companies facing financial or strategic challenges need to understand their alternatives. Pagemill Partners can assist in studying a company and then lay out corporate finance, restructuring, and merger alternatives which are designed to provide flexibility and to maximize value to all constituents.