COVID-19: Special Valuation Guidance for Estimating Fair Value is Published
Published 3 April 2020
Category: AIFs
To help fund managers address the consequences of the COVID-19 pandemic in portfolio company valuations, the International Private Equity & Venture Capital Valuation Guidelines Board has published special valuation guidance for estimating fair value at 31 March 2020.
While fair value continues to provide investors with the most consistent and comparable information, the special valuation guidance highlights, among others, that it may no longer be appropriate for recent transaction prices, especially those from before the expansion of the pandemic, to receive significant, if any, weight in determining fair value.
The special valuation guidance is available here.
Also tagged ‘covid19’
byFounders x Mazanti x Cooley: Deal Terms Pre- and Post Corona
What impact is the ongoing situation having on the terms VCs offer to founders? Have the terms shifted in favor of the investors and will we be seeing less founder-friendly term sheets compared to what we’ve seen in recent years going forward?
covid19COVID-19: New Support Package for Startups
The Danish government has announced a line of measures aimed at helping startups during the COVID-19 pandemic. We've taken a deeper look at the support package and what it entails.
covid19COVID-19: How the Pandemic is Affecting the Startup Ecosystem
Based on discussions with founders, fund managers, business angels and other players in the Danish startup ecosystem, we have conducted a small analysis on fundraising trends in the light of COVID-19 as well an analysis on the existing support packages with a specific focus on the startup ecosystem.
covid19Other updates
Proposal on Danish implementation of AIFMD II
The purpose of the amendments to the AIFM Act is to implement certain parts of the AIFM Directive II which entered into force on 15 April 2024.
AIFMDAIFMD reviewCross-BorderDanish RegulationChanges to financial reports for Danish UCITS
The Danish FSA has submitted a draft executive order amending the executive order on financial reports for Danish UCITS for public consultation.
Danish RegulationSFDRSustainabilityAnnual report on principal adverse impact disclosures
The European Supervisory Authority has published an annual report on principal adverse impact disclosures in accordance with Article 18 of the SFDR.
Disclosure RequirementsSFDRSustainabilityEU state aid framework enabling support to clean industry
The CISAF aims to facilitate Member States' support for clean technology manufacturing and deployment while ensuring a level playing field across the EU.
SustainabilityNon-financial reporting under the EU taxonomy – theme inspection by the Danish FSA for 2024
The Danish FSA has now carried out a follow-up theme inspection of 20 financial companies regarding their reporting in accordance with Article 8 of the Taxonomy Regulation for the 2024 financial year.
Disclosure RequirementsSFDRSustainabilityUpdated Q&A from ESMA on the SFDR and Level 2 Regulation
The Q&A gathers responses from the EU Commission as well as ESAs with the purpose of assisting with clarifying implementation and application of the legislation.
Disclosure RequirementsESMASFDRSustainability