Grant Thornton Baltic has over 20 years of experience in determining the value of various asset groups with internationally accepted valuation methods. We have experience in valuation of different companies and various industries in Estonia, the Baltic States and as well in other countries.

In strategically important decisions the management and owners do not only ask what the fair value of the company is, but also wish to get insight into the value drives of the company. Depending on the purpose of the valuations and specifics of the business, we perform valuations using the income approach (discounting the cash flows generated), market approach (selecting actual data in an active market), net assets method (determining the fair value of assets and obligations) or combining different methods.

We provide valuation services of different asset groups and the main services are:

  • Companies and business lines
  • Shares
  • Financial instruments and contracts
  • Commercial real estate
  • Industrial property (warehouses, industrial buildings and factories)
  • Infrastructure objects (water, heat and gas supply networks)
  • Support in court and commercial disputes
  • Other assets (i.e. property, plant and equipment)

To find out more about how our team can provide valuation advice, please contact us. 

Send us your inquiry

You may require a valuation for many different purposes, for example:

  • Transactions and restructuring – valuation for investment decisions and bid support, for equity investments and issuing new shares, implementing a share option scheme, support from an independent expert for valuation of non-monetary contributions, valuations in related party transactions
  • Valuation of collateral assets and guarantees for loan refinancing purposes or raising debt
  • Accounting and financial reporting purposes – including purchase price allocation and impairment testing
  • Valuation support in disputes and court proceedings – breach of contract, negligence, loss due to business disruption, determining the causes and timing of insolvency, assessment of losses
We reviewed the acquisition report of Eesti Energia
Case study

We reviewed the acquisition report of Eesti Energia

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The task
Grant Thornton Baltic audited the acquisition report prepared by Eesti Energia AS, the main shareholder of Enefit Green AS, for the acquisition of shares belonging to minority shareholders.
Marlen Tamm, Board Member and CFO at Eesti Energia
Grant Thornton served as a trusted partner throughout the preparation and auditing of the takeover report. The professional expertise and thorough analysis provided by the team gave us confidence that our offer was fair and well-founded.
    Graanul Invest hindamine Grant Thornton Baltic
    Case study

    We evaluated Graanul Invest's factories

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    1.
    Graanul Invest AS
    Graanul Invest OÜ is Europe’s largest pellet producer and one of the biggest renewable energy producers in the Baltic Sea region. In the Baltic states, the group owns 11 pellet plants and six co-generation plants.
    2.
    The project
    Grant Thornton Baltic conducted a valuation of the assets of Graanul Invest OÜ, which are pledged to Luminor Bank AS, i.e. property together with pellet factories and energy co-generation plants in Estonia, Latvia and Lithuania.

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