Aranca has conducted over 1200 business valuations & Fairness Opinions for a wide range of clients including companies, boards of directors & shareholder appointed committees.

1. Fairness Opinions
Aranca provides in-depth analysis and fairness opinions on a wide range of transactions.
Working with a wide range of clients including companies, boards of directors and shareholder
appointed committees, Aranca has conducted valuations across diverse industry sectors
involving complex situations and transaction structures.
 Mergers & acquisitions
 Related party or affiliate transactions
 Corporate restructuring
 Management buy-outs and divestitures
 Down-round financing
 Going-private transactions
 Leveraged buy-outs
A fairness opinion provides assurance and an unbiased view on the key parameters of a
transaction to the both parties involved. This is especially valuable, in situations of potential
conflict of interest between the parties, for instance between a company’s board of directors and
its shareholders.
While every business and transaction is unique, we follow a highly disciplined analytical
framework structured across following elements:
 Conducting in-depth due financial due diligence on the company to gain a complete
understanding of its business and financial aspects as well terms and conditions of the
transaction
 Extensive secondary research on industry involving thorough assessment of business and
strategic environment for each of the company’s target markets to evaluate all risk and
return drivers
 Conducting valuation of the company, and/or its underlying securities, by employing the
most appropriate and time-tested valuation methodologies
 Analysis to evaluate other potential alternative transaction structures (on request)
 Delivering a comprehensive, well documented and insightful fairness opinion report that
can withstand scrutiny of the highest standards
Aranca’s multi-disciplinary and complementary practice lines in business and IP research,
extensive domain experience across industry sectors coupled with our stellar credentials in
business valuation uniquely position us as a trusted advisor for providing high quality,
independent and cost-effective fairness opinions.

2. About Aranca:
Aranca is a leading provider of high quality, customized and cost effective research and analytics to global
clients. Founded in UK in 2003, Aranca has a global presence including in the US, Europe and Middle East,
and a state-of-the-art delivery center in Mumbai, India.
Our research solutions are structured around four complementary business lines: Investment Research,
Business Research, Valuation and Advisory Services and Intellectual Property Research.
Over the years, Aranca has become a trusted partner to over 1500 global organizations including Fortune
500 companies, SMBs, investment banks, brokerage firms, asset management firms, consulting firms, PE
and VC firms, law firms, government bodies, trade associations and universities.