The importance of determining the value of liabilities is increasing
When the financial world talks about market value, it usually concerns the asset side of the balance sheet. Asset managers are constantly determining the value of shares and bonds.
In turn, banks specialize in determining the value of loans and mortgages. But the market valuation of liabilities continues to receive little attention. This is about to change, however, because of the growing importance of accurately determining the current and future values of companies (which is, after all, the difference between their assets and their liabilities).
New office in Switzerland
Following Bussum, Brussels and London, from 1 April 2010, Zanders will also have an office in Zürich, Switzerland. Sander van Tol, the Zanders partner overseeing the opening of the office, is already very enthusiastic.
“Our Swiss office will provide the powerful combination of local treasury expertise and the typical Zanders approach of working from ideas to implementation.”
Temporary staffing solutions
So your treasurer goes on maternity leave or your risk manager quit, while his or her successor can’t start for another three months?
In the past you may have been forgiven for panicking, but now Zanders Interim Services (ZIS) is here to help. ZIS can offer your company temporary support from experienced professionals in risk management, cash – treasury management, and corporate finance. This dynamic staffing service is headed by Peep van Rijckevorsel.
Back to core competences
In future, housing corporations will no longer have the opportunity to develop corporate real estate, which means they will be forced to cooperate with developers and investors. It remains to be seen whether this is a positive development.
Alternative valuation method in the sustainable energy industry
Zanders has been involved in financing issues and transactions related to sustainable energy for several years now, supporting developers, power companies, and start-ups in a variety of countries.
As part of one of its consultancy projects, Zanders advised a Dutch developer on the valuation of its German wind farms. For this particular client, Zanders calculated the value of the implicit option embedded in the complex financing of wind energy projects.