HME provides wireless communication, timer and software products to the quick service restaurant industry, and sports communication equipment to high school and collegiate athletic programs. In 2010, HME acquired Clear-Com to expand its offering of professional audio systems. Clear-com offers a comprehensive selection of matrix, party line and wireless intercoms for live event, church, military, … [Read more...]
Pioneer Surgical Technology
Pioneer Surgical Technology is a designer and manufacturer of spinal and orthopedic implants and instruments. We assisted the board of directors in determining the fair value of the Company’s common stock for equity stock grants. We applied company forecasts, industry trends, market prices, and historical transactions to determine the value of the company. A key element in the analysis was … [Read more...]
RT Oncology
RT Oncology provides oral oncology drugs to community oncologists to improve efficiencies and patient care. The Company raised the first tranche of their Series A financing, which includes additional performance based tranches. To determine the fair value of the common stock, we needed to establish the likelihood of future financings and their dilutive effect. We did this by modeling the future … [Read more...]
Ulthera
Ulthera Inc. is a medical technology company that provides ultrasound-based aesthetic medical procedures. The company’s technology provides non-invasive treatment options for dermatologists, plastic surgeons and facial plastic surgeons. Caliber was engaged by Ulthera to provide fair value analysis of certain debt and derivative instruments for financial reporting purposes. The valuations of the … [Read more...]
ConnectU v. Facebook
Dr. Sarin was engaged by counsel for Facebook, Inc. and its related parties (“Facebook”) to examine whether a settlement agreement between ConnectU, Inc. (and its related parties) indicates that Facebook and ConnectU had reached an agreement on all material terms of their settlement. We were also asked to opine on the report of ConnectU’s expert witness, Donna M. Hitscherich. Dr. Sarin … [Read more...]
Velocity Express
Velocity Express (NASDAQ:VEXPQ) is the only national provider of regional shipping solutions. A weak economy and a competitive environment have pressured valuations of express delivery companies (e.g., FDX and UPS), thus key understanding of gross margins and the changing nature of advertising are critical valuation considerations. Velocity recently underwent several capital restructurings and … [Read more...]
PRE
PRE Probiotic Enhancer is a new soft-drink that fuses organic juice enhanced with a proprietary prebiotic blend developed by Jarrow Formulas. PRE prebiotic beverage was developed to promote healthy digestive balance by triggering the growth of beneficial bacteria called probiotics already present in your digestive tract. PRE was founded in 2008 and is an emerging company in a highly competitive … [Read more...]
Greenberg Traurig
Tax partners at Greenberg Traurig engaged Caliber to assist their client in a gift tax audit by the IRS. The client had received a notice of deficiency on the valuation of a partnership interest in a partnership holding commercial and residential mortgages. We reviewed GT’s client’s financial information and prepared a presentation for the IRS examination team and follow-on presentation to … [Read more...]
Law Firm of David Zweig
We were engaged to provide valuation services to the tax law firm representing the US and Mexican families that own this large distributor of food and beverage products in Mexico. Certain shareholders of the company were of US nationality and were transferring business assets and IP into US partnerships held by a US trust. We valued the assets and IP under IRS fair market value requirements. The … [Read more...]
Marsh
Marsh is a wholly owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC) and is a global leading insurance broker and risk adviser with over 24,000 employees and clients in over 100 countries. With the consolidation occurring in the insurance brokerage industry, Marsh has been at the fore in successfully completing niche acquisitions that diversify its practice and round out its … [Read more...]