Our team has worked with numerous early-stage companies, some of which have grown to become market leaders. Our team members have a diverse and significant track record working with entrepreneurs.
We understand the nuances pertaining to early-stage companies
Our fee structure is suitable for most emerging growth companies and startups.
Valuation Advisory Services
Forensic Investigations and Intelligence
ESOP Advisory
Transaction Advisory Services
A fintech startup had an innovative way to service an established market, and the potential to expand both globally and into new applications. With only a rudimentary forecast in hand, our client needed to value its business to support fund-raising or a potential sale. We developed more credible revenue and cost projections relying on a combination of clearly articulated management assumptions, historical results, and industry data. Based on these projections and exit multiples, we valued the business. Our client received more than just a defensible valuation – our work also provided insights into the business: which revenue sources are most important, what are the key business drivers, how fast might the company grow and why, and how many staff would be needed over time. Our client was subsequently able to raise a substantial amount of capital.
Our client, a private equity backed startup with 12 early stage assets spun out from Big Pharma, needed valuations of its preferred stock, funding obligations, options to increase equity participation, and employee stock options for financial reporting purposes. We reviewed, benchmarked, and provided feedback for our client to improve their financial projections model, and leveraged the updated projections as a basis for the valuation. Our client used our valuations to support its processes for going public through a SPAC.
Our client, a minority owner in a company launching an innovative technology, asked us to value options it had to either increase its equity ownership or to acquire the company outright. The target’s management and two investment banks had valued the company at roughly $600 million. After interviewing the target’s management and reviewing the company’s marketing and launch plans, we determined that some critical assumptions were overly optimistic. Our valuation was about half that of the others. We also quantified the key uncertainties, revealing there was only a 20% chance that the business value would prove to be as high as $600 million. Three months later, the technology’s market share was within the range we had estimated, significantly behind the pace that the banks had anticipated. Our client found our valuation credible and, when integrated with our modeling of the options, a solid basis for decisions on the investment opportunity.
Kroll’s expertise and independence have made us a leading provider of valuation services for business combinations.
Kroll is the largest independent provider of business valuation services.
Our Business Modelling and Analytics team supports clients’ strategic decisions by providing robust quantitative solutions and delivering actionable insight from data.
Many securities issued in connection with share-based compensation or M&A transactions involve derivatives that require a valuation for financial reporting or tax purposes.
Valuation and accounting advice to assist companies in successfully emerging from bankruptcy.
Kroll is a leading provider of goodwill, intangible and long-lived asset impairment testing.
Kroll offers experience, reliability and transparency in the valuation of machinery and equipment for virtually every industry.
Our client, a minority owner in a company launching an innovative technology, asked us to value options it had to either increase its equity ownership or to acquire the company outright. The target’s management and two investment banks had valued the company at roughly $600 million. After interviewing the target’s management and reviewing the company’s marketing and launch plans, we determined that some critical assumptions were overly optimistic. Our valuation was about half that of the others. We also quantified the key uncertainties, revealing there was only a 20% chance that the business value would prove to be as high as $600 million. Three months later, the technology’s market share was within the range we had estimated, significantly behind the pace that the banks had anticipated. Our client found our valuation credible and, when integrated with our modeling of the options, a solid basis for decisions on the investment opportunity.