Chris Janssen
Managing Director and Global Head of Transaction Opinions
Fairness and Solvency Opinions
Chicago
Solvency Opinions
Kroll’s Opinions practice is a globally recognized leader in solvency opinions. Since 2005, we have rendered more than 1,341 solvency opinions with an aggregate deal value over $10 trillion.
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Kroll’s Opinions practice is a globally recognized leader in solvency opinions. Over the last 20 years, we have rendered more than 1,400 solvency opinions with $10+ trillion in deal value.
A solvency analysis and opinion helps companies and their boards of directors steer clear of fraudulent transfers ,illegal dividends, distributions and stock buybacks. Solvency analysis also provides valuable insight as to the equity and cash flow cushion of the business.
Dividends and stock buybacks must be approved and effected in accordance with the laws of the jurisdiction of incorporation and must also conform to fraudulent transfer statutes.
A solvency opinion makes determinations as to whether:
- The company’s assets exceed its debts;
- The company should be able to pay its debts as they come due;
- The company is not left with unreasonably small assets or capital; and
- There is sufficient surplus to effect a distribution or stock buyback.
Solvency Advisory Services
A solvency analysis and opinion can enhance the company’s or board’s analysis of any leveraged transaction or contemplated distribution. The types of applicable transactions include:
- Spin-offs and split-offs
- Dividend recapitalizations
- Stock buybacks
- Leveraged buyouts
- Debt refinancings
- Intercompany restructurings
Frequently Asked Questions
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Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
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Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.
Secondary Market Advisory Services
As the largest independent valuation advisory firm, Kroll brings extensive industry experience to the secondary market for alternative investments to address the transfer needs of general partners and limited partners.
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Kroll's ESOP/ERISA practice is a leading corporate finance and valuation advisor to companies and ERISA fiduciaries.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.
Private Capital Markets – Debt Advisory
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.
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