Fairness Opinions In Public Takeovers Have Become Market Standard In Germany

Over the last few years, boards of management and/or supervisory boards (individually “Board” or together “Boards”) have increasingly obtained an external fairness opinion to support their substantiated statement, and the practice has become market standard. The Board(s) of the target company can rely on a fairness opinion in preparing their own statement of position to their shareholders, in accordance with their obligation to comment on the offer according to section 27 of the Takeover Act, and especially with regard to the appropriateness of the offered consideration.

Fairness Opinions Spotlight Germany

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.