New business valuations

Business Valuator

Marek is a diligent and a passionate Business Valuator with ten years of Polish and four years of Canadian experience.

He considers valuation to be an art and a science and an interdisciplinary study including accounting, economics, finance, law, and management. His approach to valuation is to merge the economic concept of value with the legal concept of shares, assets or an interest in a business.

Reasons for valuation

The most common situations in which business valuation may be required are:

  • Succession planning
  • Tax planning
  • Shareholder sales, buyouts and disputes
  • Mergers, acquisitions and divestitures
  • Business restructuring

Mission statement

Marek provides a fair and unbiased assessment of the value of shares, assets or an interest in a business.

Marek’s approach

Marek meticulously follows Canadian and Polish Business Valuation Practices. The client can be confident that his reports and approach are full compliance with the CICBV and Polish Business Valuation Standards. His business valuation process includes the following steps:

  • Initial meeting with the client and setting the fundamental terms of reference
  • Engagement letter
  • Qualitative and quantitative analysis
  • Management discussion
  • Preparation of draft calculation
  • Draft report
  • Letter of representation
  • Final report
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Business Valuation Reports
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Economic opinion for the purpose of litigation
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Authored/co-authored business valuation books
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Managers trained in business and intangible assets valuation

Valuation of shares, assets or an interest in a business

A business valuator provides shareholders and other stakeholders with an objective assessment of the value of shares, assets or an interest in a business. Obtaining an independent, professional business valuation is a critical step in wealth management and succession planning. Following are some common situations in which business valuation may be needed:

  • Succession planning
  • Tax planning
  • Shareholder sales, buyouts and disputes
  • Mergers, acquisitions and divestitures
  • Going public/going private
  • Business restructuring
  • Transfer pricing
  • Fairness opinions

Valuation of intellectual properties, other intangible assets, goodwill

Valuation of intangible assets has become a significant portion of many valuation practices. Although the need to value identifiable intangible assets such as brand, intellectual property, customer relationships and non-compete agreements has been driven by the constantly evolving Canadian, U.S. and international financial accounting standards, valuators are still called upon to perform stand-alone valuations of intangible assets for tax and litigation purposes. These types of valuations are often related to:

  • Marketing
  • Technology
  • The Arts
  • Data Processing
  • Engineering
  • Customer relationship
  • Existing contracts
  • Human Capital
  • Branch location
  • Goodwill

Litigation support and quantification of economic losses

Valuators assist in measuring economic losses in the context of litigation claims such as loss of business resulting from patent infringements, breaches of contract or misrepresentations, business interruption claims for insurance purposes and personal injury lawsuits, where an individual’s earnings potential is significantly reduced either temporarily or permanently. Business Valuator often works hand-in-hand with lawyers throughout an engagement, assisting with preparing questions for discovery, providing expert testimony in court as well as, rebutting opposition experts. Quantification of economic damages is often needed in the following circumstances:

  • Personal Injury
  • Family law disputes
  • Intellectual property
  • Commercial litigation including business interruption
  • Construction litigation

Let`s work together

Testimonials

In 2012 Marek Panfil was a member of the advisory team which provided management buyout (MBO) consulting services to me and one other executive at Elproma Elektronika, Ltd. I was the CEO at that time and had a minority stake. The company was controlled by a foreign family-owned business. Marek provided the following advice:

  • Analysis of financial statements;
  • Review of financial forecast;
  • Valuation of a majority stake in Elproma using discounted cash flow and adjusted net asset value methods;
  • Raising financing for the purpose of the buyout;
  • Creation of the MBO model which we adopted.

Marek has extensive experience with MBOs, financial analysis, business valuations and strategic advice. Any MBO process involves a high degree of pressure and uncertainty. Marek guided me every step of the way, ensuring that our decisions were correct and that our timing was right. This MBO was successful for me and my business partner. We acquired the company, raised the needed funding, restructured the company and finally retired the entire debt after only three years. I strongly recommend Marek as a business valuator and as a strategic advisor.

Tomasz Widomski

Co-owner, member of the Supervisory Board

I worked with Marek for two years between 2014 and 2016 at KGHM International Ltd in Vancouver. Marek was the Internal Audit Manager, and I was the Vice-President of Reporting and Accounting. We worked together closely on numerous internal audit projects. Marek impressed me with his positive attitude, his humility and his comprehensive knowledge of business valuation and finance.

I would like to take this opportunity to thank Marek for his collaboration. I truly enjoy working with him. I appreciate Marek’s extensive knowledge and experience with business appraisals. As a business angel and an investor in early stage companies, I find it beneficial to reach out to professionals like Marek and ask for advice. His work and report that Marek creates are very valuable for my portfolio company, Click Quick Now Ltd. I am sure, in the future, there will be numerous occasions to call upon his expertise again. I look forward to crossing pass with Marek again soon.

Daniel Lewczuk

Founder & CEO

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