CBG is a valuation boutique with experienced consultants based in our Rio de Janeiro and São Paulo offices. We cover three technical disciplines under one roof, which avoids outsourcing and inconsistent assumptions when an engagement spans more than one class of asset.
Our reports serve obligations under the Brazilian Corporations Act, accounting standards, tax legislation and the regulation of financial and capital markets, through to judicial proceedings, under IVS, the RICS Red Book, ABNT NBR 14653, the CPC pronouncements and IFRS.
CBG is one of the few Brazilian firms admitted as a member of the International Valuation Standards Council, and is also a member of BVIUK and a member firm of BOKS International, one of the largest alliances of professional services firms in the world.
No audit, M&A advisory or structuring for the same counterparty. No fee contingent on the outcome. The restrictions are structural and set out in the engagement letter of every assignment.
Technical leadership takes part in building the report as well as signing it. The professional who answers the auditor six months later is the one who built the model.
Assumptions, sources and calculations documented line by line and kept for ten years, with a calculation trail an independent reviewer can rebuild from raw data to conclusion.
Three technical disciplines, under CPC, IFRS and IVS.
Businesses and equity interests, brands, customer relationships, technology and contracts, interests in closed-end funds, illiquid credit rights and financial instruments, under IFRS 13, CPC 46 and IVS 200, 210 and 500.
Learn more about Business & Intangibles ValuationReal estate appraisal across all property types, including built-to-suit and rural, under ABNT NBR 14653, the RICS Red Book Global and IVS 400.
Learn more about Real Estate AppraisalMachinery, equipment, installations and other property, plant and equipment, with physical inventory and reconciliation of the fixed asset register, under IAS 16, CPC 27 and IVS 300.
Learn more about Fixed Assets/InventoryPPA, impairment, fair value of financial instruments, stock-based compensation and transfer pricing, under CPC, IFRS and Brazilian Federal Revenue rules.
Learn more about Financial Reporting & Tax ComplianceFairness opinions, solvency opinions and equity buy-sell for boards, special committees and fiduciary administrators in material transactions.
Learn more about Transaction OpinionsFair value marking of interests in privately held companies, illiquid receivables and units with no observable market price, across FIDCs, FIPs, FIIs, FIMs and private credit, for fiduciary administrators and auditors.
Learn more about Portfolio ValuationValuation report for merger, spin-off, incorporation, capital contribution and change of control, under Brazilian Corporations Law and CVM regulation.
Learn more about Corporate RestructuringEconomic quantification of damages, lost profits and losses for litigation and arbitration. Technical support and expert witness assistance.
Learn more about Disputes & ArbitrationValuation for collateral in secured and asset-backed lending, plus insurable value and loss expertise for insurers and adjusters.
Learn more about Guarantees & Insurance
International Valuation Standards Council
Member of the IVSC, the independent global body that develops the International Valuation Standards (IVS). CBG conducts its work in accordance with IVS, the global reference framework for valuation.
About the IVSCBusiness Valuation Institute UK
CBG is a Corporate Member of BVIUK, a London institute dedicated to training and practice in business and intangibles valuation. CBG's Managing Partner is an Expert Member of the institute.
About BVIUKBOKS International
Brazilian member of BOKS International, a global alliance of independent professional firms in more than 70 countries, for local components of cross-border engagements.
About BOKSLeaders League
Ranked Highly Recommended in Transaction Services: Valuation by Leaders League in its first year of operation.
Regional fibre optic operator. Fair value of an illiquid holding in a fund controlled by foreign private equity
Urban mobility concession. Fair value of a holding with no observable market price
Built-to-suit REIT. Fair value of built-to-suit portfolio in listed real estate fund
Listed food retailer. Impairment test on CGUs in one of Brazil's largest listed food retailers
Two reference guides in Portuguese, ten technical articles and seven commentaries, available in Insights.
Purchase Price Allocation (PPA): the reference guide for Brazil.
Errors in accounting for concession assets.
Fixed Assets and Asset Management: from physical inventory to the regulatory report.
We reply with the scope, the applicable standards and a timeline.
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