Thu, Sep 14, 2017

Duff & Phelps Launches Business Valuation Service in Italy

Duff & Phelps, the premier global valuation and corporate finance advisor, has expanded its service offering in Italy with the introduction of a new division dedicated to Business Valuation.

The new service line will be focused on business valuation and intangible asset valuation, for which Duff & Phelps is respected as a global leader. Other services to be offered include:  assistance with valuations for business combinations, strategic value advisory, goodwill and intangible asset impairment testing, fairness opinions, intellectual property valuation, derivatives valuation and share-based compensation, portfolio valuations, and tax valuations.

The business valuation service line will be led by Enrico Rovere, who joins Duff & Phelps as a Managing Director. He brings more than twenty years of experience in business valuation and corporate finance, gained previously at PwC, FCA Group and Pirola Pennuto Zei & Associati. Enrico will also act as a conduit in the Italian marketplace for a variety of Duff & Phelps corporate finance services.

Business Valuation is a strategic addition to Duff & Phelps offering in Italy.  It complements the Real Estate Advisory and the Fixed Asset Valuation businesses that Duff & Phelps established through its 2015 acquisition of American Appraisal.

Yann Magnan, EMEA Leader, Duff & Phelps, stated: “After completing the successful integration of the Real Estate and Fixed Asset Valuation businesses in Italy, we have deemed it appropriate to further expand our variety of services. Italy is well positioned within the global economy, and able to attract foreign investment. Italian companies are globally competitive in export, and able to complete important transactions on an international level. We think that there is an interesting growth opportunity for our business valuation services today.”

Enrico Rovere, Managing Director - Business Valuations, Duff & Phelps, stated: “The M&A market in Italy has grown considerably over the past few years. Valuation issues have become more relevant due to new regulatory initiatives, reviews of the accounting principles directly linked to fair value issues, the introduction of the independent valuation expert for funds, the Patent Box regimen, Individual Retirement Plans (PIR) and  the Italian Valuation Principles (PIV). It is increasingly important for managers to understand the dynamics defining value in order to efficiently meet the national and international regulations, from accounting, tax and corporate viewpoints.”

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