Independent expert reports | Deloitte Australia | Financial advisory, Valuation

Services

Independent expert reports

Valuations

An Independent Expert’s Report (IER) provides impartial and credible advice to investors and is commissioned by a company’s board for the purpose of an independent assessment of a transaction to assist shareholders in assessing whether or not to approve a transaction.

The opinion provided is typically whether the transaction contemplated is fair and reasonable to shareholders. For transaction undertaken pursuant to a scheme of arrangement (and in certain other circumstances) the expert is required to opine whether the transaction contemplated is in the best interests of shareholders.

An IER is often commissioned in accordance with the requirement of the Australian Securities Exchange (ASX) Listing Rules, the provisions within the Corporations Act or Regulatory Guides issued by the Australian Securities and Investment Commission (ASIC). In addition, company boards may voluntarily commission an IER to provide shareholders with an independent opinion regarding a potential transaction.

Typically an IER is structured such that it contains:

  • A summary of the proposed transaction
  • A description of the purpose and objectives of the report, including a discussion of the basis for providing an opinion
  • An analysis of the businesses involved
  • A description of the industries in which those businesses operate
  • Detailed analysis of the proposed transaction, usually including a valuation of one or more entities
  • An opinion as to whether the contemplated transaction is fair and reasonable or in the best interest of investors as a whole.


We have extensive experience in the preparation of IERs across a broad range of industries and transaction types including takeovers, mergers, schemes of arrangement and other corporate actions for some of the largest transaction in Australia.
 

Contact us

Stephen Reid

Stephen Reid

Partner, Financial advisory

Stephen is a partner of Financial advisory and lea...More

Services

Valuations

Deloitte’s specialist team of valuers gives you an in-depth understanding of the market, the asset or liability being valued

Solutions

Valuation of intangible assets and the purchase price allocation process

A purchase price allocation is typically needed in the transaction execution and integration stages of a transaction. Discover more about the valuation solution Deloitte can provide.

Key contacts

Rachel Foley-Lewis

Partner, Valuations

Key contacts

Stephen Ferris

Partner, Valuations

Join our team

Apply now

Contact us

Contact us via our online form

Submit RFP

Submit via our online form