Date: Thursday, August 27, 2015
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar

Earn 2 CPE credits
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Featuring  (click image for bio)

Timothy R. Lee
Mercer Capital

About This Program

There is perhaps no industry more prone to valuation innuendo than that of alcoholic beverage distribution. Because there is no silver bullet to the valuation of beverage wholesalers, appraisers must develop a cohesive position to properly define and develop their valuations, all with the understanding that fair market value can and often will contrast with marketplace rumors and anecdotal transaction information. Join Mercer Capital's Timothy Lee as he reviews an abundance of issues that business appraisers must address and reconcile to develop plausible valuations. Mr. Lee's beverage industry experience has been focused on the malt beverage segment and includes valuation and advisory projects related to trust and estate activities, buyout financing, ownership succession, shareholder disputes, brand transactions and more.


    Examples and case studies will be interspersed with an agenda covering:

    • Background and Industry Considerations
      • Legal and regulatory environment
      • Perspectives on beverage suppliers
      • Industry trends and category evolution
    • Special Issues and Considerations
      • Rules of thumb (not so fast)
      • Transaction data (or not)
      • Standard, level and premise of value (confusion can rein)
      • Perspectives on the cost of capital
      • Methodology (the hunt for reconciliation between FMV and "market" transactions)

Learning Objectives

  • Define the alcohol distribution industry and specific issues and trends to consider
  • Discuss the legal and regulatory environment
  • Learn specific considerations related to common valuation approaches as they relate to Beer, Wine, and Alcohol Distributors
  • Identify areas of concerns regarding valuation standards and data

Single Connection Policy

Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Specialized Knowledge & Applications)

Closed Captioning:

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