Sales, Divestitures and Mergers
Acquisitions
Management Led Buyouts
Raising Capital

Fairness Opinions
Valuations
Strategic Alternatives Analysis
Intangible Asset Valuations

FAIRNESS OPINIONS

Increasingly, corporate transactions face scrutiny from shareholder groups and other constituencies. Curtis Financial Group issues fairness opinions to assist corporate fiduciaries making decisions that affect the financial interests of key stakeholders, and to protect themselves in the event a transaction is challenged. A fairness opinion can help to reassure boards of directors, special committees and shareholders that the price being paid or received in a transaction is fair from a financial point of view.

Curtis Financial's professionals have issued more than 125 fairness opinions to the boards of directors of public and private companies of all sizes. We endeavor to structure each engagement to eliminate potential conflicts of interest, thereby ensuring the delivery of an objective fairness opinion to our clients. Fairness opinions are typically warranted when businesses are faced with one of the following situations:

• Management buyouts and going private transactions;
• Non-competitive corporate sale processes;
• Related-party transactions;
• Down-round financings and equity recapitalizations;
• Conflicts between investors in multiple classes of equity, and
• Existing advisors with potential conflicts of interest.

Our fairness opinions are formed only after carefully examining all the relevant information, and the transaction's potential impact on shareholders. Curtis Financial has a proven track record of success in working closely with our clients' legal advisors and responding to SEC inquiries.