Fairness and Solvency Opinions

Independent opinions for boards of directors and special committees.

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 Fairness Opinions in the U.S. and Globally in 2019, according to Thomson Reuters’ “Global Mergers & Acquisitions Review - Full Year 2019."

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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

Key Differentiators

  • Core Practice: Ranked #1 for Fairness Opinions in the U.S. and globally the past five years and is a 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

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Insights

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Dow Jones Industrial Average Special Report

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The German Economic Stabilization Fund and Importance of Fairness Opinions in Corporate Transactions

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Corporate Finance Accomplishments and 2020 Industry Trends

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In Defense of Fairness Opinions: An Empirical Review of Ten Years of Data

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