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Independent Evidence-based Data-driven Incisive

Solutions

About Us

Black Oak Valuation Advisory, LLC (“BOVA”) strives to provide clients with incisive solutions for their valuation-related needs and opportunities. BOVA is led by Founder and Managing Member Jim Kelley, a CFA charterholder with over 20 years of hands-on experience researching and preparing securities valuation analyses across a variety of transactional and tax-related contexts.

Among other professional endeavors, Jim has presented to numerous organizations on valuation matters and published several thought-leading articles on valuation. In addition, Jim has been teaching equity valuation and other related subjects for over 15 years to both students and CFA candidates on the campuses of Texas Christian University, Southern Methodist University, The University of Dallas and The University of Texas at Dallas.

What We Do

Our Services

BOVA consults on valuation across a variety of contexts, purposes, enterprises and interests, a brief sample of which are summarized below:

Deal Price Consultation

BOVA can prepare a range of reasonable values in connection with management’s evaluation of an offer price, LOI, asking price, raise price or share exchange ratio.

Shareholder Transactions

BOVA can prepare an estimate of value in connection with the pricing of a block of shares between existing shareholders.

Tax Planning

BOVA can prepare an estimate of value in connection with gift, estate or charitable donation tax matters.

Dispute Resolution/Other

BOVA can provide solutions for dispute-related needs, such as baseball arbitration analyses, and other client needs.

Our Mission

BOVA’s mission is to prepare independent, evidence-based, data-driven analyses in order to provide incisive solutions.

Frequently Asked Questions

What is your primary resource for market and valuation data?

BOVA uses LSEG’s Refinitiv platform as its primary resource for global markets and valuation data.

How would BOVA describe its approach to valuation?

It has often been said that valuation is part science and part art, and some argue credibly that it’s neither of those. BOVA employs an evidence-based, data-driven approach to valuation, a noteworthy aspect of which is that it uses its tools and methods to reveal and study evidence, form inferences, and draw conclusions.

Why would I choose BOVA over another provider?

BOVA aims to provide solutions that are both incisive and cost-effective.  These attributes manifest relatively infrequently individually, and even less frequently simultaneously.

Will you be requesting prior appraisals or valuations that have been prepared for our company?

No, BOVA will not be requesting your prior appraisal or valuation reports.  We believe this enhances our independence and provides you with further assurance of same.  However, if you wish to submit prior appraisal or valuation reports to BOVA that can be arranged and we will be pleased to review them at your discretion.

Do you render fairness opinions?

No, BOVA does not issue fairness opinions, nor is its workproduct understood to be a fairness opinion.  Rather, BOVA’s workproduct may be designed to afford management an independent, impartial view on the range of reasonable values in circumstances including but not limited to those where counsel advises management that obtaining a fairness opinion may not be the preferred course of action.

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