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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  • 40+
    transaction opinions in 2022
  • 355+
    total transactions in 2022
  • 850+
    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

Webinar | Valuations & Opinions Group Q2 2023 Private Market Webinar

Thank you for your interest in Lincoln’s Webinar: Valuations & Opinions Group Q2 2023 Private Market Webinar.  All request submissions will be evaluated and a member of our team will… Read More

Q1 2023 Lincoln Senior Debt Index

Lincoln International is pleased to release the quarterly Lincoln Senior Debt Index (LSDI). The LSDI represents years of research and analysis of data and was developed by professionals from Lincoln’s… Read More

An Overview of the Lincoln Senior Debt Index

The Lincoln Senior Debt Index is a quarterly index that tracks the fair market value of 500+ middle market, direct lending credit investments every quarter across approximately 100 fund clients.… Read More

An Overview of the Lincoln Private Market Index

The Lincoln Private Market Index (f/k/a Lincoln Middle Market Index), is the only index that tracks changes in the enterprise value of U.S. privately held companies—primarily those owned by private… Read More

Meet Our Senior Team with Valuations & Opinions Expertise