FINANCIAL REPORTING

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PURCHASE PRICE ALLOCATIONS

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PRIVATE EQUITY FIRM CLIENTS

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PROFESSIONALS

valuations for financial reporting

Intrinsic provides valuation expertise to private equity firms and their portfolio companies to assist with accounting compliance matters and fiduciary requirements. Many of the firm’s clients work with Intrinsic on an uncontested basis for the full spectrum of their valuation needs.

A brief review of our client roster makes it clear. We are a valuation partner of choice to the astute private equity investor and their management teams.

Purchase Price Allocation

Stock Compensation Valuation

Goodwill Impairment

Portfolio Valuation

Fixed Assets

An experienced financial reporting team

Our financial reporting valuation team is led by senior professionals with decades of experience. We have professionals who have matriculated from Big 4 accounting firms, international valuation firms, family offices, C-suite executive leadership positions, and bulge-bracket investment banking. The diversified, broad-based expertise enables us to understand and serve our clients in ways that generalist providers cannot.

MEET OUR TEAM

Jennifer Tetreault, CFA

MANAGING DIRECTOR

Jennifer Anderson | Meet The Intrinsic Team & Board of Directors | Intrinsic

Jennifer Tetreault, CFA

MANAGING DIRECTOR

Jennifer serves as a Managing Director and leader of Intrinsic’s Valuation practice. She oversees relationship management and engagement delivery across the firm’s private equity, venture capital, and operating company clients. Internally, Jennifer focuses on recruiting and professional development for the Valuation practice.

[email protected]

(801) 860-0663

David Turney, CFA

MANAGING DIRECTOR

David Turney | Meet The Intrinsic Team & Board of Directors | Intrinsic

David Turney, CFA

MANAGING DIRECTOR

David serves as a Managing Director within the Financial Reporting Valuation practice. He has over 15 years of experience working with senior management of both public and private companies, including many Fortune 500 clients. David focuses on business development and relationship management across the firm's private equity, venture capital, and operating company clients.

[email protected]

(720) 699-0682

Luke Van Horn, CFA

MANAGING DIRECTOR

Luke Van Horn | Meet The Intrinsic Team & Board of Directors | Intrinsic

Luke Van Horn, CFA

MANAGING DIRECTOR

Luke serves as a Managing Director within the Valuation practice at Intrinsic and is responsible for relationship and project management across the firm’s private equity client base. He oversees the execution and delivery of purchase price allocations and other financial reporting and tax engagements. Luke has experience working alongside management teams and investors on complex and nuanced valuations within various industries, focusing on the technology, consumer product, and business services sectors.

[email protected]

720-442-7446

Robust and thorough valuations

We work with private equity investors and Chief Financial Officers to provide independent valuation advice.

Clear Communication

We communicate clearly and often, guiding you through every step of the valuation process so you always know what to expect.

Partnership Model

We navigate the nuances in our disciplines so that you can focus on being the true valuation expert.

Comprehensive Valuations

We take care to ensure our valuations are data-driven, accurate, and precise, so you can have confidence moving forward.

What differentiated Intrinsic from other providers was their adaptability to the ever-changing situation and they were still able to deliver—all while effectively communicating where we stood in the process.

Sherri Montenegro

Adswerve
ABRY Partners portfolio company

Our valuation financial reporting services

Portfolio Valuation

A portfolio valuation typically involves a valuation advisor performing an independent valuation of specific investments. It is best practice to engage a third-party valuation expert if a private equity firm (or other investment management firm) does not have appropriate resources and expertise to perform valuations of complex and/or illiquid investments that are objective and independent. To ensure an unbiased analysis and independent valuation, private equity firms often make use of third-party valuation firms to perform this analysis.

Please contact us if you have any questions about portfolio valuations or want to get started.

Purchase Price Allocation

When a company is acquired, FASB ASC 805, Business Combinations, may require the acquiring entity to allocate the purchase price to the individual assets and liabilities as part of purchase accounting. Third-party valuation experts are often engaged to recommend the fair value of acquired tangible and intangible assets to assist management with these purchase accounting requirements.

Please contact us if you have any questions about purchase price allocations or want to get started.

Goodwill Impairment

When goodwill is recognized during a business combination, FASB ASC 350, Intangibles – Goodwill & Other requires goodwill to be tested for impairment at least annually. However, more frequent testing is required when events occur that may indicate it is more likely than not that impairment exists.

In the event an impairment analysis is required, we can assist with valuations of goodwill, indefinite-lived intangibles, and long-lived assets for impairment testing purposes pursuant to ASC 350, Intangibles – Goodwill & Other and ASC 360 -10, Impairment or Disposal of Long-lived Assets.

Please contact us if you have any questions about goodwill impairment or want to get started.

Equity Compensation

FASB ASC 718, Stock Compensation, requires that share-based compensation (i.e., equity, options, or restricted stock) be accounted for at fair value. Certain valuation measurements may be required upon grant and/or modification. Intrinsic professionals are experts in the complex valuation techniques which comprise these types of valuations.

Please contact us if you have any questions about equity compensation or want to get started.

Complex Securities

Financial reporting requirements may require companies to value various complex debt and equity securities (e.g., contingent consideration, preferred & common stock, equity derivatives, debt instruments, and other structured products). Intrinsic professionals are well-versed in the generally accepted valuation methodologies commonly used to value these complex securities.

Please contact us if you have any questions about complex securities or want to get started.

409a/Stock Compensation

409A (“409A”) is a tax provision of the Internal Revenue Code. If the series of rules detailed under 409A are not followed, employees who have been issued stock options could be subject to punitive tax consequences. However, an exclusion to the tax consequences is allowed if an option is issued with an exercise price that is at least equal to the fair market value of the underlying stock on the date of grant.

Further, the regulations under 409A provide a safe harbor that allows a company to rely on a valuation from an independent, third-party firm that specializes in valuations for 409A and follows consistent valuation methodologies. If the current fair market value is challenged, the burden of proof shifts to the IRS to demonstrate that the fair market value at the time of option issuance was “unreasonable.” Therefore, a 409A valuation is used to set the strike price of equity options issued to employees at the current fair market value of the stock.

Intrinsic can help you navigate the valuation process and provide you with a comprehensive analysis to assist in issuing employee stock options or restricted stock. Retaining a qualified and independent valuation firm helps ensure the 409A valuation work is defensible and the safe harbor applies.

Please contact us if you have any questions about stock compensation or or want to get started.

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Responding to client needs with curiosity, pragmatism, and attentiveness

We’d love to learn more about your business and how we can support your goals.
Contact us and a member of our team will reach out to you as soon as possible.