Our Business Valuation team has more than 20 years of experience in valuing businesses across both the public and private sectors, ranging from medium-sized enterprises to large corporations. We have provided business valuation services for a wide variety of purposes, including mergers and acquisitions, privatisation, corporate reorganisations, non-cash capital contributions, financial reporting, shareholder and investor information, and many other business-related matters.

Grant Thornton Baltic professionals have carried out business valuation engagements in Latvia, across the Baltic States, and in other European countries. Our team includes certified business valuation professionals holding national business valuation certifications in Latvia and Lithuania, as well as the internationally recognised Recognised European Business Valuer (REV-BV) designation.

Business valuation is a structured and professional process for determining the market value of a business. The scope of the engagement, valuation methodologies, and reporting requirements are governed by the International Valuation Standards (IVS), the European Business Valuation Standards (EBVS), and the Latvian national valuation standard LVS 401:2013 "Property Valuation."

Business valuation in short:

The subject of the valuation is determined according to the client's objectives and requirements and may include:

  • a company (shares, equity interests, or the business as a whole);
  • a group of companies (through the valuation of individual group entities or based on consolidated financial information);
  • a business unit or a specific line of business.

Depending on the purpose of the valuation and the client's objectives, we apply the most appropriate valuation approach or a combination of several approaches.

  • Income Approach – the value of the business is determined by discounting projected future cash flows;
  • Market Approach – the value is determined based on market multiples and comparable company transactions using observable market data;
  • Asset-Based Approach – the value is determined based on the company's net asset value by assessing the market value of its assets and liabilities.

As part of every valuation engagement, we perform an in-depth analysis of the company's commercial, financial, and legal information in order to understand its operating model, business-specific characteristics, and the key internal and external factors influencing value. This enables us to determine the value of the business objectively and on a well-supported basis.

Understanding the market value of a business, the factors driving that value, and changes in value over time is essential for making informed strategic and operational decisions.

A business valuation may be required for a variety of purposes, including:

  • mergers and acquisitions;
  • developing or updating business strategy;
  • raising investment or securing external financing;
  • financial reporting and accounting purposes;
  • corporate reorganisation or restructuring;
  • shareholder or ownership disputes;
  • any other situation where an independent and professionally prepared business valuation is required.
Get in touch

Aleksandrs Vellers

Partner, Head of valuation and financial advisory department