Fairness and Solvency Opinions

Duff & Phelps helps boards of directors and special committees formed by boards fulfill their fiduciary responsibilities when considering many corporate transactions.

Our team has particular expertise in situations where advisor independence is paramount and scrutiny is elevated.

Duff & Phelps Ranked #1 for Announced Global Fairness Opinions in the U.S. and Globally in 2019, according to Thomson Reuters’ “Global Mergers & Acquisitions Review - Full Year 2019."

Duff & Phelps is a global leader in Fairness Opinions and Special Committee Advisory, ranking first for announced fairness opinions the past five years. Since 2005, we have provided more than 900 fairness opinions (nearly $370 billion in deal value) for clients contemplating:

Sell side / buy side mergers & acquisitions
Spin-offs, split-ups, divestitures
Going-private transactions
Related-party transactions

Duff & Phelps has rendered 900 Solvency Opinions ($3.9 trillion in deal value) related to:

Dividend recapitalizations
Debt refinancings
Intercompany restructurings
Spin-offs and split-offs
Duff & Phelps also has dedicated expertise in Commercially Reasonable Debt Opinions and ESOP and ERISA Advisory.

Key Differentiators

Core Practice: Ranked #1 for Fairness Opinions in the U.S. and globally the past five years and is the leading financial advisor for solvency opinions (more than 1,800 fairness and solvency opinions and $4.3 trillion in deal value since 2005)
Independence: Vast majority of our opinions involve transactions in which Duff & Phelps is not the investment banker
Analytical Rigor: Comfortable providing opinions in transactions involving minority interests, debt securities and those transactions lacking a market-clearing mechanism