Transaction Opinions

Collaborating with our global colleagues and utilizing our deep M&A industry and capital markets transactional knowledge, we provide independent fairness, solvency and other transaction opinions to a diverse range of clients.

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  • 50+
    transaction opinions in 2023
  • 300+
    total transactions in 2023
  • 950+
    professionals aligned for your success

Objective Financial Advice supported by Deep Industry Expertise

As a part of the broader Valuations & Opinions Group, Lincoln’s fairness and solvency opinions practice provides best-in-class financial advice to GP’s, boards of directors, special committees, investors, trustees and other corporate decision makers on a broad range of transactions.

We differentiate our fairness and solvency opinions services by integrating industry sector and capital markets expertise from our M&A and Capital Advisory groups on every engagement.

Areas of Focus

Fairness Opinions

  • Cross-Fund/Related Party Transactions
    • Capital Raise by Successor Fund
    • Capital Raise with Significant Minority Investor
    • Mergers of Portfolio Companies
    • Debt for Equity Exchanges
    • Backstopped Rights Offerings
  • GP-Led Secondary Recapitalizations
  • Buy- or Sell-Side M&A
  • Going-Private Transactions
  • Recapitalizations (Minority / Majority)
  • Special Situations (i.e. Debt Exchanges)
  • Bond Indenture Affiliate Party Covenants

Solvency Opinions

  • Dividend Recapitalizations (Leveraged or Unleveraged)
  • Stock Buyback / Redemption Transactions
  • Spin-Offs / Split-Offs
  • Corporate Restructurings and Exchange Transactions

Board Advisory & Other Valuation Opinions

  • Commercially Reasonable Debt Opinions
  • Reasonably Equivalent Value Opinions
  • Board Advisory Valuation Opinions

The Lincoln Difference

Lincoln’s fairness and solvency opinions practice, housed in a global investment bank with highly active M&A and Capital Advisory Groups, brings real world experience and deep industry expertise to every one of its transaction opinion engagements.

Firm-wide collaboration with Global Mergers & Acquisitions Investment Banking Advisory, Capital Advisory, and Valuations & Opinions Groups deliver best-in-class, highly defensible opinions.

M&A Advisory

Valuations & Opinions Group

Capital Advisory Group

M&A industry bankers provide the deal team transactional expertise, extensive industry sector expertise and a comprehensive database of closed deals. Valuations bankers provide the deal team exceptional technical capabilities in valuing all types of securities across various valuation methodologies. Capital markets bankers provide the deal team unparalleled market expertise from raising growth equity, arranging debt financing and providing advisory services involving bespoke securities or restructuring transactions to solve capital structure challenges.

Perspectives & Publications

Private Equity International | Europe’s Mid-market Resilience

Originally posted by Private Equity International on March 5, 2024. According to our Valuation & Opinions Group’s proprietary insights, 80% of European companies reported YoY revenue growth in Q4 2023,… Read More

Webinar | Valuations & Opinions Group Q1 2024 Private Market Webinar

Thank you for your interest in Lincoln’s Webinar: Valuations & Opinions Group Q1 2024 Private Market Webinar.  All request submissions will be evaluated and a member of our team will… Read More

Alternative Credit Investor | Covenant Breaches Decline for Third Quarter in a Row

Originally posted by Alternative Credit Investor on February 22, 2024. According to the Lincoln International Valuations & Opinions Group proprietary data, lenders and borrowers are proactively addressing potential defaults and… Read More

Media Momentum: Q4 2023 Lincoln Private Market Index

February 2024 Our Valuations & Opinions Group recently discussed findings from the Q4 2023 Lincoln Private Market Index with several publications. Bloomberg Bloomberg TV CFO Pitchbook Private Equity Professional The Wall Street… Read More

Meet Our Senior Team with Valuations & Opinions Expertise