Capital adequacy opinions issued by Murray Devine provide an independent third-party analysis as to whether a company has sufficient capital under applicable state law to make a proposed distribution. Capital adequacy opinions are often required as additional due diligence by a company’s board of directors in conjunction with decisions to declare a dividend, repurchase stock, spinoff of a subsidiary or otherwise make a distribution to equity holders.

  • Neff Rental

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

  • Travel Leaders Group, LLC

    a portfolio company of

    Certares, L.P.

    Solvency and capital adequacy opinion in connection with the company’s dividend recapitalization

  • Jos. A. Bank Clothiers, Inc.

    (NASDAQ: JOSB)

    Solvency and capital
    adequacy opinion

  • Party City Holdings, Inc.

    a portfolio company of

    Thomas H. Lee Partners

    Solvency and capital
    adequacy opinion

  • Harvard Drug Group

    a portfolio company of

    Court Square Capital Partners, LP

    Solvency and capital
    adequacy opinion

  • Bausch & Lomb Inc.

    a portfolio company of

    Warburg Pincus LLC

    Solvency and capital
    adequacy opinion

  • Select Medical Holdings Corp.

    (NYSE: SEM)

    Capital adequacy opinion

  • H&E Equipment Services

    (NASDAQ: HEES)

    Solvency and capital
    adequacy opinion

  • FOCUS Brands, Inc.

    a portfolio company of

    Roark Capital Group

    Solvency and capital
    adequacy opinion

  • ARTEL, LLC

    a portfolio company of

    TPG Growth

    Solvency and capital
    adequacy opinion

  • Custom Building Products, Inc.

    a portfolio company of

    Kelso & Company

    Ssolvency and capital
    adequacy opinion