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

Investors in Healthcare | Q&A with Lincoln Professionals

Originally posted by Investors in Healthcare on July 25, 2024. Lincoln International, the U.S.-headquartered global investment banking advisor, is a well-known name in the European healthcare markets, providing advice to… Read More

In the Headlines: Q1 2024 Lincoln European Valuation Insights

Lincoln International’s Valuations & Opinions Group recently shared findings from its proprietary European valuation insights with several publications. Bloomberg Private Debt Investor Prequin

Webinar | Valuations & Opinions Group Q2 2024 Private Market Webinar

Thank you for your interest in Lincoln’s Webinar: Valuations & Opinions Group Q2 2024 Private Market Webinar. All request submissions will be evaluated and a member of our team will… Read More

City A.M. | UK Acquisition Deals Fall to Pandemic Low as Foreign Eyes Turn Away from London

Originally posted by City A.M. on June 4, 2024. UK M&A fell to its lowest in March since 2020, with foreign firms’ purchases of British businesses nearly halving over Q2.… Read More

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