RoyaltyShare, Inc. is a venture-backed company focused on providing comprehensive royalty accounting services to record labels, music distributors and music publishers. RoyaltyShare offers artist and publisher mechanical royalty services and is a worldwide leader in web-based royalty processing solutions for the global music industry. In recent years, the Company has acquired smaller companies … [Read more...]
Microsoft Corporation v. Franchise Tax Board
Dr. Sarin was engaged by the California Franchise Tax Board to opine on the extent to which Microsoft’s marketing intangibles contribute to its success, whether Microsoft’s intangible assets should be included in the apportionment formula to calculate its California taxable income, whether there is any justification for changing the allocation weights in the apportionment formula, and whether … [Read more...]
Mercer
Mercer is a wholly owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC) and provides human resource consulting and related financial advice, products and services to organizations. Caliber has been engaged by Mercer for several years to establish the fair values of intangible assets obtained by Mercer in its acquisitions. For service companies, these valuations often rely heavily … [Read more...]
Comvest Capital
Comvest Capital is a private investment firm focused on providing equity and debt capital to lower middle-market companies. Caliber provides fair value services to establish the fair values of various debt instruments and mezzanine debt investments made by Comvest Capital in private companies in accordance with ASC 820. The debt instruments include term loans, revolvers and convertible debt, and … [Read more...]
LPL Financial
LPL Financial (NASDAQ: LPLA) provides an integrated platform of proprietary technology, brokerage and investment advisory services to independent financial advisors, financial advisors at regional banks and credit unions, and advisors affiliated with insurance companies. Caliber has provided services to LPL Financial since 2008 to calculate the fair value and expense amounts associated with … [Read more...]
Averion
Averion is a contract research organization providing services to small and large biotech companies around the world. The company merged with three other contract research organizations (CROs) to form a single, global CRO. CRO branches are now located in the US, Europe, and Japan. We were engaged to provide purchase price allocation for intangible assets of each CRO pursuant to FASB ASC 805 … [Read more...]
Farm Credit West
We were engaged to provide valuation services to this large Western Agriculture Bank. The bank had issued long term debt to a specialty produce farm and distributor in Northern California. However the farm had suffered operational issues a few years back and had not recovered at the time of our initial engagement. We worked with the bank to determine the fair market value of the equity of the … [Read more...]
Bertram Capital
We were engaged to provide valuation services to this private equity group. Bertram invests in low to middle market companies and is focused on achieving long term growth and market expansion. The private equity group guaranteed certain loans of their portfolio companies and is required to book the fair value liability on the firm’s balance sheet. We were engaged to determine the fair value of … [Read more...]
Apthera
Apthera is a biotech company developing a HER-2 adjuvant therapy. Apthera was in negotiations with an acquiring entity but required audited financial statements to proceed in the negotiation process. We were engaged to provide common stock valuations from 2006 to 2011 to determine the fair value of issued stock options and warrants so the auditors could complete the audit and time was of the … [Read more...]