Noble Capital Markets

 

Our Focus

NOBLE’s valuation practice team follows a well-structured approach in supporting a diverse range of valuation engagements for different transactions such as merger & acquisitions (M&A), corporate finance fund raising, restructuring and capital-intensive projects.

NOBLE’s investment bankers bring ‘real world’ practical experience in Technology, Media, Telecom (TMT), Healthcare, Consumer, Natural Resources, Energy, Transportation and Logistics, which enables them to provide true operating insights to the process.

Combining its opinion practice with its transaction advisory services and capital markets expertise, NOBLE can effectively customize services across divisions all under one roof. Importantly, NOBLE has a full understanding of regulatory compliance issues and norms that impact the valuation process.

NOBLE prides itself on its independence, effectiveness, and its ability to stay objective in serving its clients through its: Opinion, Financial Reporting and Strategic Advisory services.

OPINION SERVICES

NOBLE has the certifications and expertise to provide solutions for both traditional and complex valuation projects using an in-depth understanding of accepted methodologies in a responsive and timely manner.

BUSINESS VALUATIONS
Business valuations enable owners to understand and determine the current economic value of their business by analyzing various aspects including the company’s management, capital structure, future earnings and the market value of its assets.

FAIRNESS OPINIONS
A fairness opinion is a letter summarizing an analysis prepared by an independent third-party which indicates whether certain financial elements of a transaction such as price, are fair to a specific participant in the transaction, from a financial point of view. Generally considered a requirement in public M&A deals, a growing number of private and, middle-market firms are seeking fairness opinions.

FINANCIAL REPORTING

With the continued increased focus on fair value measurement, companies must understand the nuances of impairment testing for different types of balance sheet assets to ensure timely and accurate reporting of financial statement information to stakeholders. NOBLE’s team provides the following financial reporting services:

INDEFINITE-LIVED INTANGIBLE ASSETS AND GOODWILL IMPAIRMENT
Accounting Standards Codification 350 (ASC 350)
The major financial reporting change due to ASC 350 is the elimination of the amortization of goodwill. Under this change, goodwill and other intangible assets are now subject to an annual test for impairment of value.

LONG-LIVED ASSETS AND FINITE-LIVED INTANGIBLE ASSETS IMPAIRMENT
Accounting Standards Codification 360 (ASC 360)

ASC 360 provides guidance on accounting for the impairment or disposal of long-lived assets. Testing of long-lived assets to be held is not necessarily an annual procedure, but the recoverability of long-lived assets must be tested with the occurrence of trigger events. Specifically, ASC 360 indicates that impairment testing should be completed whenever events or changes in circumstances indicate the asset’s carrying value may not be recoverable.

PURCHASE PRICE ALLOCATION
Accounting Standards Codification 805 (ASC 805)
Companies engaging in business combinations need to perform a purchase price allocation (PPA) for financial reporting purposes. ASC 805 established the PPA standard for M&A valuations to give investors more transparency into these transactions and their implications for company value. The ultimate effect of ASC 805 is that it separates identifiable tangible and intangible assets from goodwill.

STRATEGIC ADVISORY / M&A

In order to provide in-depth, quality guidance to clients in regards to strategic directives, including merger & acquisition (M&A) strategy, an advisor must necessarily understand the economic and market factors driving the business. NOBLE has the experience and knowledge required to successfully execute key strategic plans for its clients.

STRATEGIC ADVISORY (BUY AND SELL SIDE)
NOBLE’s team specializes in serving the needs of both publicly traded and privately held companies in their M&A strategy. As the company’s M&A advisor, the team leverages its experience to achieve successful outcomes while maximizing results.

FINANCIAL MODELING
A carefully constructed financial model is a key part of the strategic plan of a business, whether it plans to grow organically, through acquisition, and/or is seeking external funding. It can also assist management teams in identifying key assumptions and variables affecting their business and allow them to assess various scenarios, ensuring key decisions are based on an understanding of the consequences.
NOBLE has a dedicated team of modeling experts who specialize in the review of existing models and the development of new models for complex transactions or internal budgeting.

BUSINESS & FINANCIAL DUE DILIGENCE
Creating a well-structured due diligence framework, conducting research, reviewing deal economics, ensuring faster turnaround on deal decisions for both buy-side and sell-side deals, covering all aspects such as the market, economy, financials, strategy, and indicative valuation are essential activities to be executed to lead to a successful transaction.

Transactions

NOBLE's Investment banking team has, on average, more than 25 years' experience in the industry. Transactions drive our business. Building a solid foundation of mutual respect and trust with our customers drives transactions. Here is a selection of some of the companies we've helped over the years.