Identification and valuation of intangible assets to determine the Purchase Price Allocation (PPA) for Financial Reporting Purposes

Client : Singapore’s top Online Marketplace Classifieds Provider

Service Offered : Due Diligence & Valuation

Sector / Industry : IT & ITeS

Client
Context

A Singapore web-based Consumer-to-Consumer (C2C) and Business-to-Consumer (B2C) Marketplace Company (Client) had acquired another Singapore-based online marketplace classifieds company (Company) with subsidiaries in Malaysia, Vietnam, and Myanmar (the Subsidiaries). The Client acquired 100% of the Company in an all-stock deal with the entire purchase consideration satisfied by issuing equity shares in the Client to the seller (the Transaction).

Client
Approach
  • Understanding the Business & Industry Dynamics and Preparing a Purchase Price Allocation (PPA) Note for the Auditors
  • Evaluation of Valuation Methodologies/Approaches and Valuation of Intangible Assets
  • PPA -Audit Review and Accounting
solution
Conclusion

Nexdigm’sholistic solution assisted the Client right from the identification stage of intangible assets up till the audit review. Our proactive approach in preparing a PPA note in Phase I streamlined the audit process and facilitated the Audit Review by minimizing audit queries.

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