With a focus on building long-term relationships, we provide a high level of personal service before, during, and after each engagement.
We help middle market companies meet their corporate finance needs, ranging from merger and acquisition advisory services to public and private offerings of equity and debt securities. While we have clients in various industries, we specialize in working with financial institutions such as banks, insurance brokers, and investment advisors.
Mergers and Acquisitions
We’ve advised on more than 50 transactions with an aggregate value exceeding $1 billion. Concentrating on the unique needs of public and private companies operating in the middle market, we provide advisory services for business sales and divestures of companies with revenues exceeding $10 million or EBITDA exceeding $2 million.
We raise equity and debt capital for middle market companies, specializing on working with companies in situations where our knowledge of the issuer or industry benefits the client. We add value throughout the financing process, from evaluating the client’s capital needs and structuring the financing, to identifying investors and negotiating terms, to the final closing.
Valuations and Fairness Opinions
Davenport has a long history of providing fairness opinions and valuations that have credibility in the marketplace and the courts. We’ve been qualified in various courts to present expert valuation testimony and have extensive experience dealing with the IRS on valuation issues.
Fairness opinions are typically required in mergers, acquisitions, and divestitures to provide assurance to boards of directors, management, and shareholders that the proposed transaction is fair to the shareholders from a financial point of view.
Valuations of corporate securities and businesses are most frequently requested by owners of closely held companies and publicly traded companies with inactively traded securities. However, even actively traded securities may require professional appraisal under certain conditions, such as those that may exist with controlling interests, large blocks of non-control stock, or restricted securities.