Business valuation in a transactional context
Valuation of listed and unlisted companies in the context of M&A, sale/transfer, takeover or squeeze-out of minority shareholders, incorporating discounts (minority, illiquidity) depending on context.
Valuation & modelling
Independence, rigour, admissible analyses.
Expertise overview
Valuation & modelling
We carry out valuations of companies and intangible assets (brands, patents), as well as financial modelling of optional products, including management packages.
Our work comes into play at moments where decisions carry real stakes: capital transactions, structuring, governance, shareholder negotiations, or more sensitive contexts (disagreements, disputes, proceedings).
We produce independent, well-documented and robust analyses, based on recognised methods adapted to context, to inform and secure the decisions of management teams, shareholders, investors and advisors.
Our areas of expertise
Valuation and financial modelling
Brand Valuation
Assessment of the royalty rate or financial value of a brand. Intervention in acquisition contexts, setting royalties with third parties or intra-group (transfer pricing), litigation, and accounting contexts.
Commercial Goodwill Valuation
Financial valuation of commercial goodwill (fonds de commerce). Used in the event of disposal, contribution, or loss of value of the business.
Patent Valuation
Financial valuation of patents or related royalties. Intervention in acquisition contexts, setting royalties with third parties or intra-group (transfer pricing), litigation, and accounting contexts.
Valuation of Unpatented Know-How
Financial valuation of technical, commercial, or organisational know-how. In acquisition, transfer, licensing, or damages contexts.
Company Valuation
Business valuation based on a multi-criteria analysis. Intervention in transaction, tax, or litigation contexts, as well as accounting or reporting contexts.
Fairness Opinion
Independent expert for public tender offers and capital transactions. Multi-criteria analysis in accordance with AMF instructions and recommendations.
Management Packages
Support throughout the structuring of the management package as well as its valuation and any related disputes. Intervention in transactional, accounting, tax, and litigation contexts.
Debt Valuation
Valuation of private debt or instruments economically equivalent to debt (preference shares) based on a multi-criteria analysis. Intervention in transaction, tax, or litigation contexts, as well as accounting or reporting contexts.
Purchase Price Allocation (PPA)
Analysis and allocation of the difference between the acquisition price and net asset value. Work carried out in accordance with applicable accounting standards and consolidation requirements.
Financial Engineering and Modelling
Financial modelling in support of transactions and strategic decisions. An analytical tool for financing, investment, and restructuring.
Brand Valuation
Assessment of the royalty rate or financial value of a brand. Intervention in acquisition contexts, setting royalties with third parties or intra-group (transfer pricing), litigation, and accounting contexts.
Commercial Goodwill Valuation
Financial valuation of commercial goodwill (fonds de commerce). Used in the event of disposal, contribution, or loss of value of the business.
Patent Valuation
Financial valuation of patents or related royalties. Intervention in acquisition contexts, setting royalties with third parties or intra-group (transfer pricing), litigation, and accounting contexts.
Valuation of Unpatented Know-How
Financial valuation of technical, commercial, or organisational know-how. In acquisition, transfer, licensing, or damages contexts.
Company Valuation
Business valuation based on a multi-criteria analysis. Intervention in transaction, tax, or litigation contexts, as well as accounting or reporting contexts.
Fairness Opinion
Independent expert for public tender offers and capital transactions. Multi-criteria analysis in accordance with AMF instructions and recommendations.
Management Packages
Support throughout the structuring of the management package as well as its valuation and any related disputes. Intervention in transactional, accounting, tax, and litigation contexts.
Debt Valuation
Valuation of private debt or instruments economically equivalent to debt (preference shares) based on a multi-criteria analysis. Intervention in transaction, tax, or litigation contexts, as well as accounting or reporting contexts.
Purchase Price Allocation (PPA)
Analysis and allocation of the difference between the acquisition price and net asset value. Work carried out in accordance with applicable accounting standards and consolidation requirements.
Financial Engineering and Modelling
Financial modelling in support of transactions and strategic decisions. An analytical tool for financing, investment, and restructuring.
Use cases
Examples of situations where we get involved
Intangible assets and PPA / impairment
Valuation of brands, patents and other intangible assets (acquisition/disposal, restructuring, royalty rates, damages), and production of documented reports for PPA and impairment testing.
Management packages and optional instruments
Support with structuring, simulation of payoff profiles, valuation for negotiation, and preparation of admissible reports (auditors, tax authorities), with analysis of key parameters (volatility, illiquidity, LBO constraints).
Public offers and independent expert opinions
In certain public offer or capital transaction contexts, the AMF (French Financial Markets Authority) requires an independent expert. We intervene using a multi-criteria approach in line with AMF recommendations (market-based and intrinsic methods), with possible cross-checking against the share price and past transactions.
Business valuation in a transactional context
Valuation of listed and unlisted companies in the context of M&A, sale/transfer, takeover or squeeze-out of minority shareholders, incorporating discounts (minority, illiquidity) depending on context.
Intangible assets and PPA / impairment
Valuation of brands, patents and other intangible assets (acquisition/disposal, restructuring, royalty rates, damages), and production of documented reports for PPA and impairment testing.
Management packages and optional instruments
Support with structuring, simulation of payoff profiles, valuation for negotiation, and preparation of admissible reports (auditors, tax authorities), with analysis of key parameters (volatility, illiquidity, LBO constraints).
Public offers and independent expert opinions
In certain public offer or capital transaction contexts, the AMF (French Financial Markets Authority) requires an independent expert. We intervene using a multi-criteria approach in line with AMF recommendations (market-based and intrinsic methods), with possible cross-checking against the share price and past transactions.
What sets SORGEM apart
An independent perspective, proven methods, robust deliverables.
We operate in complete independence, free of conflicts of interest, with a single requirement: to produce an objective, well-supported analysis. This expert stance guarantees the neutrality of assumptions, the transparency of reasoning and the soundness of conclusions.
Our analyses are based on recognised approaches, comprehensive documentation and systematic sensitivity testing to inform decision-making.
Our deliverables are structured to withstand scrutiny, useful in negotiation as well as in proceedings before courts or arbitration bodies.
Our practice is recognised by specialised rankings, professional institutions and our academic contributions.
Our team
Our multi-specialist teams include numerous senior professionals with proven expertise in their areas of competence.
MAURICE NUSSENBAUM
Chairman / Founding Partner
CLAIRE KARSENTI
Partner
THOMAS HACHETTE
Partner
ALBAN CABANIS
Partner
