What happens after the valuation expert has been appointed?
If the valuation expert wishes to use a cyber-secure and digital case management system for the execution of the assignment, the SCC's Ad Hoc Platform is recommended and offered at an additional cost.* It should be noted that it is the responsibility of the valuation expert and the parties to upload relevant material to the Ad Hoc Platform. The SCC does not automatically transfer the material related to the appointment procedure to the Ad Hoc Platform.
The process regarding the valuation of a company or shares may be structured as follows. The valuation expert immediately contacts the parties to coordinate an initial meeting. The purpose of the meeting is to inform the parties about the assignment and the valuation process, and to prepare for the signing of the engagement letter and the customer due diligence documents.
Once the engagement letter and customer due diligence documents are signed, the valuation expert prepares a list of documents needed in order to fulfil the assignment. The list typically includes the share purchase agreement (also called "SPA"), calculations of any, additional purchase price, and other relevant documents.
When the parties have provided material and information, the valuation expert may ask questions regarding any additional information or documentation. The valuation expert gives each party the opportunity to express their views and present their position on the valuation. All statements and communication are made to all parties involved. If any party chooses not to participate, the information will still be shared with the party concerned.
The valuation report is sent to the parties within approximately 2-4 weeks after the completion of the correspondence. The time may vary depending on the complexity of the assignment.
The total time for completion of the valuation assignment is approximately 2-4 months after the appointment of the valuation expert.
*All communication in SCC cases is managed via a secure and user-friendly cloud-based SCC Platform or the SCC Ad Hoc Platform. Each individual new case is assigned its own cybersecure workspace, a so-called case site, on the platform. Here, parties, representatives, and other case participants can access all materials related to the case via their login.