Valuation Services

At TPS, we offer specialist services in the structuring of financial transactions. Our holistic approach guarantees a correct decision making and compliance with the fiscal guidelines on financial matters. Our services related to the structuring financial transactions include: 

• Leverage analysis (Thin-capitalisation): Performance of an ex-ante analysis on the leverage levels to define a correct indebtedness structure. 
• Support documentation: Preparation of a defense file focused on the indebtedness structure, providing the necessary support to demonstrate your compliance with the tax and accounting guidelines. 
• Multi-variable model of intragroup financing: Development of a multi-variable model that integrates the interest rate attributable to the intragroup financing, the level of debt that the borrower can endure and the financing cost of the lender, taking into consideration the specific restrictions derived from the cash-flow analysis of the borrower and its financial statement. 
• Valuation of investment and financing alternatives: Analysis of the different investment options and financing available for the related parties, considering factors such as risk, liquidity and performance. 
• Analysis of the credit quality: Evaluation of the credit quality of the borrower through quantitative models that estimate the probability of default and the expected loss in that case; and a qualitative analysis of the financial robustness and repayment capacity of the borrower. 
• Analysis of the financial impact: Calculation of the financial impact that the possible decisions may have, based on the estimations and projections made, ensuring a correct structuring of the debt. 

Let TPS provide you with expert assessment for the structuring of the financial operations, guaranteeing compliance with fiscal regulations and an efficient management of the level of indebtedness. Our team of experts is committed to helping you achieve your goals.

At TPS, we are experts in defining TP policies for transactions related to intangible assets, whether they are joint developments, licenses, asset transfers or any commercial or industrial transaction in which a substantial part of the value resides in the use of valuable intangibles, such as well-known brands or innovative technology. Our specialized focus in the valuation of intangible assets includes: 

• DEMPE analysis: Performing an exhaustive analysis of the functions of development, enhancement, maintenance, protection and exploitation of intangible assets to guarantee that the economic benefits derived from the asset exploitation are correctly attributed to the parties that generate value, assume risk and have the economic capacity to deal with them, not necessarily matching the legal owner. 
• Valuation of agreements and contracts: Analysis and valuation of the agreements and contracts related to the transfer of intellectual property, guaranteeing compliance with the tax regulations and the appropriate attribution of revenues and costs associated to the intangibles. 
• TP Policy assessment: Assistance in the creation of specific TP policies for intangible asset transactions, considering the features of each case and the applicable legal requirements and tax regulations. 
• Application of fiscal or financial methodology: We have the tools and the experience to apply the most sophisticated methodologies for the determination of the market value of intangible assets, or the license for use or exploitation, including the methods of the Arm’s Length Principle, the profit-split method, the effective discounted cash-flow, royalty-relief, etc. 
• Fiscal risk management: Identification and mitigation of the fiscal risks associated with the use and transfer of intangible assets. Implementation of strategies to protect the interests of your company and to guarantee the compliance with the tax regulations.

At TPS, we provide expert assessment in the management of intangible assets and the creation of TP policies. Our team of experts is committed to excelling in service quality and client satisfaction, providing the necessary support to guarantee the success of your operations and compliance with the fiscal guidelines.

At TPS, we offer valuation services for firms, primarily for tax and accounting purposes, with the objective of bringing our clients a precise and reliable valuation of their businesses. Our team of experts is involved with providing solutions to address your specific needs within the business valuation framework. Our business valuation services include: 

• Exhaustive analysis and financial projections: we provide in-depth analysis of the entity’s financial situation, the business model, the industry and the growth perspectives to determine the fair value in the market. Moreover, we can assist the firm in developing the financial projections that will be used during the valuation process, guaranteeing the relevance of the data used. 
• Application of the right methodology: we use several valuation methods, such as the discounted effective cash-flow, the market multipliers approach and the net asset value method, to guarantee that the real value of your firm is captured. 
• Tax and accounting compliance: we make sure that our valuations are in line with the applicable tax and accounting regulations, including the international accounting rules and the local tax guidelines. 
• Support in the negotiation, transaction and audit processes: our valuation reports provide valuable information to support our clients in the decision making process in negotiation preparations, mergers and acquisitions, and corporate restructurings. We can also provide support for the enterprise value against the impairment test often released in audits. 
• Assessment and custom-built monitoring: we provide personalized assessment and continuous monitoring during the valuation process to ensure that any concerns you may have are fully addressed.

TPS performs precise and reliable valuation of your company, ensuring compliance with tax and accounting regulations, while making sure that you are supported during the decision-making process in your corporate transactions.