Practice 01

Valuation & M&A

Independent valuation and partner-led M&A execution — calibrated to IPEV, IFRS, and Saudi market realities.

Overview

Valuation & M&A

Our Valuation & M&A practice supports boards, shareholders, and institutional investors through every stage of a transaction — from indicative valuation and target identification, to deal negotiation, completion mechanism, and closing. Independence is structural: we do not represent both sides, and our remuneration is structured to remove conflicts.

Our Methodology

Triangulated valuation across income (DCF), market (trading & transaction multiples), and asset-based approaches. Adjustments for control premium, synergies, and minority discounts are quantified separately. All work is independent and conflict-free.

IPEV Compliant IFRS 13 SOCPA CMA Standards

What we deliver

Business Valuation

Independent valuations using DCF, multiples, transaction comparables, and asset-based methods — IFRS- and IPEV-compliant.

Buy-Side Advisory

Target identification, screening, financial due diligence, valuation, negotiation, and SPA execution support.

Sell-Side Advisory

Vendor due diligence, information memorandum, buyer outreach, competitive bidding, and closing.

Deal Negotiation

Term-sheet structuring, completion accounts, locked-box, earn-outs, MAC clauses, and W&I insurance coordination.

Sample Deliverables

DeliverablePurposePrimary Audience
Indicative Valuation MemoPre-negotiation reference rangeBoard / Shareholders
Independent Valuation ReportDefensible standalone valuationBoard / Regulator / Counterparty
Information MemorandumSell-side investor outreachProspective Buyers
Financial Due Diligence ReportQuality of earnings, working capital, debtBuyer / Lenders
SPA Negotiation SupportCompletion mechanism, earn-outs, MACDeal Lawyers / Board

How we work

01
Scoping

Confidential conversation to define objectives, constraints, and timeline.

02
Mandate Design

Tailored proposal with scope, team, deliverables, and milestones.

03
Execution

Partner-led delivery with structured workstreams and weekly progress updates.

04
Outcome

Final report, recommendations, and ongoing post-mandate support.

Frequently Asked Questions

How long does an independent valuation typically take?
A standard standalone business valuation typically takes 4–6 weeks from data access to final report. Complex multi-entity valuations can extend to 8–10 weeks. Indicative valuations can be completed in 2–3 weeks.
Can you represent both buyer and seller?
No. Our independence is structural — we represent one side only per transaction. This ensures unconflicted advice and is consistent with IESBA ethics and HLB network standards.
Do you provide valuations for ZATCA, SAMA, or CMA purposes?
Yes. Our valuation reports meet the standards required by ZATCA (tax-related valuations including business combinations), SAMA (regulatory capital and financial sector transactions), and the CMA (related-party transactions, IPO pre-listing, and merger fairness opinions).
What is your approach to control premium and synergies?
We quantify standalone fair value first, then separately quantify control premium (based on Saudi precedent transactions, typically 20–35%) and committed synergies (only those that survive diligence and management commitment).
How are fees structured?
Valuation mandates are typically fixed-fee. Buy-side and sell-side M&A mandates combine a retainer, milestone fees, and a success fee on closing. All fees are documented in writing before any work commences.

Engagement Models

Mandates are typically structured as fixed-fee assignments tied to defined deliverables. Where appropriate, we also offer success-fee components for transaction-led mandates, and retainer arrangements for ongoing advisory relationships.

Related

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