Transaction Opinions
The McLean Group’s Valuation Advisory practice has extensive experience providing fairness and solvency opinions to assist directors in executing their fiduciary duty on an informed basis, in good faith, and in the honest belief that business decisions were made in the best interests of the company and its shareholders. Not all transactions need a fairness or solvency opinion. However, in certain situations, it’s highly recommended to obtain a transaction opinion, examples of which are highlighted below.
When An Opinion Is Needed
Transactions that call for an opinion
Fairness Opinion
- Selling company with numerous shareholders
- Transaction involving related parties with common ownership
- Significant divestiture or recapitalization
- Selling company with unsolicited offer and lack of an investment banking process
- Selling company with an Employee Stock Ownership Plan (ESOP)
- VC/PE-backed companies with different classes of equity
- Going private transactions
- Reverse stock splits
- Deals with multiple bids of varying forms of purchase price consideration
- Deals in which directors’ and shareholders’ interests are not identically aligned
Solvency Opinion
- Leveraged buyouts
- Dividend recapitalizations
- Debt refinancing
- Company restructurings
- Spinoff transactions
Team Leaders
Who leads the practice
Representative Engagements
Selected opinions
Perspective
Related News
In the Media · Sep 2025Fairness Opinions: Protecting Boards and Shareholders in M&AAs we approach the end of the year, many companies are finalizing strategic decisions, closing transactions, and preparing for what’s ahead. For directors and executives, this often means heightened scrutiny around governance and shareholder protection [...]Read More →
Press Release · May 2026How Earnouts Affect Transaction Valuation: The Technical Framework Under ASC 805Earnouts are one of the most powerful and most misunderstood tools in middle-market M&A. When buyers and sellers cannot agree on value, a well-structured earnout bridges the gap. But under ASC 805, the accounting treatment [...]Read More →
Press Release · Mar 2026Total Shareholder Return: Measuring Value Creation & Aligning Executive IncentivesTotal Shareholder Return (TSR) is one of the most widely used metrics in corporate governance and executive compensation — capturing both stock price appreciation and dividends paid to measure the true return generated for shareholders [...]Read More →Talk to us about transaction opinions
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