• Essex Technology Group, LLC

    a portfolio company of

    Thomas H. Lee Partners, L.P.

    Provided a solvency opinion in connection with the Company’s dividend recapitalization

  • Pittsburgh Technical Institute

    Provided a solvency opinion in connection with the company’s proposed debt financing

  • Nortek, Inc.

    ASC 350 Goodwill Impairment Testing Study of the Company’s 6 reporting units

  • CompuCom Systems, Inc.

    a portfolio company of

    Thomas H. Lee Partners, L.P.

    ASC 350 Goodwill and Trade Name Impairment Testing

  • Rock Solid Holdings LLC

    ASC 805 Business Combinations engagement in connection with the stock repurchase of the Company by management.

  • Transilwrap Company, Inc.

    a portfolio company of

    The Jordan Company

    ASC 805 Business Combinations engagement in connection with the Company’s acquisition of Clear Focus Imaging, Inc.

  • Teasdale Foods, Inc.

    a portfolio company of

    Snow Phipps Group, LLC

    ASC 805 Business Combinations engagement in connection with the Company’s acquisition of certain assets of Jardine Foods, Inc.

  • Apex Parks Group, LLC

    a portfolio company of

    Broad Sky Partners

    ASC 805 Business Combinations engagement in connection with the Company’s acquisition of certain assets of Indiana Beach

  • Iroko Pharmaceuticals, LLC

    ASC 350 Goodwill and Indefinite Lived Intangible Asset Impairment Testing

  • ALM Media, LLC

    ASC 350 Goodwill and Intangible Asset Impairment Testing

  • La Colombe Torrefaction, Inc.

    ASC 805 Business Combinations engagement

  • DiversiTech Corporation

    a portfolio company of

    The Jordan Company

    ASC 805 Business Combinations engagement in connection with the acquisition of Diversitech Corp. by Diversitech Holdings, Inc.

  • North American Rescue

    a portfolio company of

    Blue Wolf Capital Partners. LLC

    ASC 805 Business Combinations engagement in connection with the acquisition of TQM, LLC

  • Dunkin Brands

    a portfolio company of

    Bain Capital

    Provided an ASC 323 impairment testing of the Company’s equity interest in one of it’s joint ventures

  • Magpul Industries

    a portfolio company of

    Bruckmann, Rosser, Sherrill & Co.

    Provided a solvency opinion in connection with the Company’s dividend recapitalization

  • Neff Rental

    Provided a solvency and capital adequacy opinion in connection with the Company’s repurchase of shares.

What is a BDC?

Business Development Companies, or BDCs as they’re commonly known, are defined by the SEC as a category of closed-end funds that operate for the purpose of making investments in small,  developing  or financially troubled companies.  Typically registered under the Investment Company Act of 1940, most BDCs are publicly traded and must maintain at least 70% of the total assets in eligible investments.  What makes BDCs so unique is that any shareholder can take part in open trade, while investment managers benefit from access to an evergreen source of capital.

Why do BDC’s require asset valuations?

BDCs require asset valuations for several reasons, but most notably as part of their quarterly reporting, in which fair value measurements are made to reflect any unrealized losses or gains on income statements. Since BDCs require the reporting of investments at fair value, company boards and internal auditors generally rely on third-party valuation firms to validate fair value measurements and ensure the valuations are generated  in accordance with the “FASB’s Accounting Standards Codification.”

Why Do BDC’s Choose Murray Devine?

Murray Devine has been providing valuation services to the country’s most respected Business Development Companies since 2005. Today, Murray Devine provides valuation services to BDCs with combined assets totaling over $10.5 billion

Our BDC expertise, coupled with our absolute focus on valuation, equips Murray Devine clients with access to independent, timely, cost-efficient, and well-supported valuations that withstand the strictest scrutiny.

As specialists, we provide BDCs with unmatched valuation service.

  • BDCs are defined by the SEC as a category of closed-end funds that operate for the purpose of investing in small, developing or financially troubled companies.
  • BDC’s require investments to be reported at fair value
  • Murray Devine has been providing valuation services to the country’s most respected Business Development Companies since 2005.
  • Interested in learning more about Murray Devine? Contact us today