{"id":1506,"date":"2026-06-22T14:54:36","date_gmt":"2026-06-22T14:54:36","guid":{"rendered":"https:\/\/iqeq.com\/fr\/case-studies\/independent-valuation-that-gives-regulated-asset-managers-confidence\/"},"modified":"2026-07-22T08:16:43","modified_gmt":"2026-07-22T08:16:43","slug":"independent-valuation-that-gives-regulated-asset-managers-confidence","status":"publish","type":"case_study","link":"https:\/\/iqeq.com\/fr\/case-studies\/independent-valuation-that-gives-regulated-asset-managers-confidence\/","title":{"rendered":"Independent valuation that gives regulated asset managers confidence"},"content":{"rendered":"
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CASE STUDY<\/p>\n

Key takeaway:\u00a0<\/strong>IQ-EQ gave a regulated, non-listed asset manager an independent valuation view that supported a planned shareholder reorganisation, helped frame a \u20ac100m capital raise and gave management,\u00a0auditors\u00a0and potential investors a clear basis for discussion.<\/p>\n

The client, their challenge<\/span>\u00a0<\/span><\/h2>\n

The client is a leading European insurer-affiliated asset manager, regulated by the Autorit\u00e9 des\u00a0march\u00e9s\u00a0financiers. It asked IQ-EQ to provide an independent valuation of its enterprise value as part of a shareholder structure reorganisation.<\/span>\u00a0<\/span><\/p>\n

The planned transaction aimed to raise around \u20ac100m of new equity, net of fees, for the investee company. The funds were intended to cover financing needs over the life of the business plan. As the company was non-listed and regulated, the client needed a valuation conclusion that was independent, well documented and aligned with market practice.<\/span>\u00a0<\/span><\/p>\n

The key challenge was the quality and consistency of the five-year business plan assumptions. Investment assumptions were central to expected growth, so they needed careful review. The client also needed a report that could support discussions with auditors and potential investors.<\/span>\u00a0<\/span><\/p>\n

Our solution<\/span>\u00a0<\/span><\/h2>\n

IQ-EQ France carried out an independent, stand-alone valuation of the company\u2019s enterprise value on an arm\u2019s length basis. Our team used a multi-criteria approach, combining discounted cash flow analysis with market-based methods. This gave the client a more balanced view of fair value.<\/span>\u00a0<\/span><\/p>\n

We reviewed management information, analysed market\u00a0data\u00a0and tested the assumptions behind the projected cash flows. We also prepared sensitivity scenarios to show how changes in the key assumptions could affect value. This gave the client a clear, evidence-based report that could be used in the context of the planned share capital increase.<\/span>\u00a0<\/span><\/p>\n

Results<\/span>\u00a0<\/span><\/h2>\n

In November 2025, the client appointed IQ-EQ to deliver an independent valuation report. The work gave the client a clear valuation reference point and a documented basis for decision-making.<\/span>\u00a0<\/span><\/p>\n