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
Fairness and Solvency Opinions
Fairness Opinions
Fairness OpinionsSolvency Opinions
Solvency OpinionsCommercially Reasonable Debt Opinions
Commercially Reasonable Debt OpinionsContact Us
Michael Weaver
Managing Director and Head of Valuation Advisory, EMEA
London
Michael Weaver
Chris Janssen
Managing Director and Global Head of Transaction Opinions
Fairness and Solvency Opinions
Chicago
Chris Janssen
Robert A. Bartell, CFA
Managing Director and Global Head of Corporate Finance
Chicago
Robert A. Bartell, CFA
Elyse Bluth
Managing Director
Chicago
Elyse Bluth
Andrew Capitman
Managing Director
Fairness and Solvency Opinions
New York
Andrew Capitman
Sheryl Cefali
Managing Director
Fairness and Solvency Opinions
Los Angeles
Sheryl Cefali
Jeff Gordon
Managing Director
Fairness and Solvency Opinions
Chicago
Jeff Gordon
Todd Kaltman
Managing Director
Fairness and Solvency Opinions
Los Angeles
Todd Kaltman
Mark Kwilosz
Managing Director
Fairness and Solvency Opinions
Chicago
Mark Kwilosz
Danielle Montesano
Managing Director
Chicago
Danielle Montesano
Jeff Schiedemeyer
Managing Director
Fairness and Solvency Opinions
Chicago
Jeff Schiedemeyer
David Turf
Managing Director
Fairness and Solvency Opinions
Chicago
David Turf