Sorgem Evaluation regularly works alongside finance and accounting departments to carry out purchase price allocation (PPA) assignments.
The accounting standards applicable to purchase price allocation are IFRS 3 – Business Combinations, IAS 38 – Intangible Assets and IAS 36 – Impairment of Assets. Our work involves analysing the intangible assets that may be recognised, valuing them, and rationalising any residual goodwill.
We also support our clients in any discussions with their auditors during the audit of the financial statements.
In 2022, Sorgem Evaluation carried out the purchase price allocation for:
- of Folio Fine Wine Partners, following the acquisition of a majority stake by the investment company EPI;
- of Bureau Betak, following its acquisition by The Independents group;
- Lefty, following its acquisition by The Independents group.
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