Case Study: When Valuation Became a Full-Scale Collaboration
Client Challenge
What began as a routine assignment, i.e. the Valuation for a Share Transfer of a client’s subsidiary, turned into a deep-dive, multi-layered project touching everything from real estate records to legal coordination.
The task was simple: determine the valuation of a subsidiary for an ongoing share transfer.
However, the analysis revealed a far more complex structure:
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Multiple holding companies
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Real estate assets spread across subsidiaries
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Discrepancies between registry values and market realities
Thus, the valuation couldn’t be limited to just numbers on paper. It had to factor in hard assets, documentation gaps, and stakeholder expectations, all within a tight timeline.
What Made It Complex?
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Ownership details were fragmented and data was unorganised
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Registry values and actual property prices didn’t align
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Reports from financial, property, and legal experts had to align perfectly
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Timelines were non-negotiable due to pressure from both holding and subsidiary entities
HSAG’s Response
We engaged with certified property valuers
We didn’t remind on assumptions. We on-boarded government-approved professionals to obtain certified market values.
We coordinated with merchant bankers
To ensure every document passed regulatory scrutiny, we partnered with merchant bankers.
We verified registry & legal records
We traced ownership details, fetched property certificates, and validated all real estate documentation.
We integrated financial and asset data
We built a consolidated valuation that combined financials with real estate metrics.
The Output
A regulator-compliant, audit-ready Valuation Report that captured the full picture operational performance and real estate assets.
The report was delivered on time and with clarity that the client could take directly to stakeholders.
The HSAG Difference
Valuation isn’t just about crunching numbers or applying formulae. It’s about understanding the full picture, i.e. the business model, the assets behind it, and the legal and financial layers that hold it all together.
Real value comes from connecting the dots across functions: finance, real estate, legal, and strategy.
At HSAG, we approach Valuation as a strategic collaboration, driven by deep insight, cross-functional coordination, and a commitment to accuracy that goes beyond numbers.
