Valuation Insights – First Quarter 2022

Russia’s war in Ukraine and the sanctions on Russia are impacting economies globally. In this issue of Valuation Insights, our team of experts and Kroll Institute fellows weigh in on how certain industries are being affected.

We feature two articles in this issue focused on private investment funds. In the first article, “Private Investment Valuation Challenges: Current Geopolitical and Macro Economic Impacts,” we address how fair value may be estimated in the current environment of sanctions, inflation and uncertainty. The second article discusses the SEC’s push towards more transparency from the industry in “The SEC’s Scrutiny of and Rulemaking for Private Fund Advisers.”

On the international front, we discuss the OECD’s “two-pillar solution” to address taxation of the digital economy and offer an approach to assess potential tax exposure in the article, “Progress Towards OECD Pillar One and Pillar Two Implementation.”

Finally, we review the highlights from the 2021 U.S. Goodwill Impairment Study, now in its 13th year of publication, in which we saw goodwill impairments double between 2019 and 2020.

In every issue of Valuation Insights, you will find industry market multiples that are useful for benchmark valuation purposes.

Be sure to visit our library of CPE-eligible virtual events and webinars, where our valuation experts discuss issues and topics that may be impacting your business.

We hope that you find this and future issues of the newsletter informative.