Did you see the rather entertaining article in the FT on Saturday https://on.ft.com/3VEIfIH about why a journalist can’t quit Pret, but also the more important article, arguably, on Monday on the write-down in its valuation https://on.ft.com/3JRFoK5?
Over the summer we have been very busy with valuations, but it has become clear that more and more people are holding minority stakes in companies with little or no understanding of how you work out what the holding is worth.
This valuation exercise was particularly challenging but therefore even more interesting.
Some professional advisers are offering AI discounts for their services
Quantifying the value of a clever person probably involves using substitution or surrogates.
The case study of Chime in the US demonstrates how there is truth in valuations of private companies before they float.
AI boom adds €150bn to value of four of Europe’s oldest industrial groups
What on earth is TVPI, DPI and MIRR? And do we need guardrails as well as frameworks in the valuations industry?