James Wilson is a Managing Director with Navigant Consulting Corporate Finance Practice located in Los Angeles, and, is the National Leader of both our Financial Accounting Valuation Product Group and the Technology Valuation Market Segment. James specializes in the valuation issues surrounding financial accounting, including those related to SFAS 123R, SFAS 141, and SFAS 142. In addition, he specializes in the valuation of complex and convertible securities, options, warrants and business interests.
Jim has over 20 years of experience in valuation analysis, primarily for emerging and middle market companies. Prior to joining Navigant, Jim was a Managing Director with Kroll Zolfo Cooper responsible for their Los Angeles Valuation Practice and was Kroll's National Technical Director for its Valuation Services Group. Prior to Kroll Zolfo Cooper, Jim was a Director with Standard and Poors and before that with PricewaterhouseCoopers LLP.
Industry experience has been broad with an emphasis on the technology, information and communication industries. Over the last five years, Jim has led more than 200 separate valuation engagements. Project experience has primarily involved addressing transaction, financial accounting, and tax oriented valuation issues.
Recently Jim conducted a valuation engagement that included establishing the value of 10,000+ common stock option grants of a publicly traded telecommunication infrastructure and switching company and supporting key assumptions pursuant to SFAS 123R. In another recent engagement, he addressed the value of 2000+ option grants of a publicly traded software company for the same purpose. Other recent engagements include assisting a public pharmaceutical industry company, a digital audio technology company and an on‐line banking company with their assessment of SFAS 123R, supporting the key underlying assumptions and application of both the Binomial and Black Scholes Option Models.
In a further engagement, Jim derived the value of the common stock, options and warrants for a closely held pre‐IPO company for each issuance throughout a three year time period. This analysis relied on identifying the common stock value implied by third party transactions in the preferred stock, and the value of the common based on the derived business value. Each analysis considered the impact on common value due to; the existing of long term debt; the relative rights and preferences of three series of preferred; the impact from conversion of various convertible debts and warrants, the anticipated timing until the IPO and various other factors.
In aggregate, Jim has performed hundreds of engagements involving the valuation of options, warrants and convertible securities. The results of these analyses have been utilized in support of reporting positions reviewed by the Securities and Exchange Commission, have successfully undergone technical review at each of the major accounting firm, have been reviewed and accepted by the IRS and the California State Board of Equalization, and, others.
Transaction oriented valuation experience includes providing consulting advise to client's addressing acquisitions and divestures and financial restructuring issues. Acquisition and divestiture consulting efforts have focused on issues related to the synergistic and stand‐alone value of the business enterprise and the value and structure of specific securities. Securities analyzed include preferred and common equities, convertible and term debt, options and warrants. Efforts have focused on evaluating the impact on value of various rights, preferences, terms and conditions of contingent and convertible securities.
Valuation analyses have included addressing the value of common stock, options and warrants implied by the price paid for convertible security offerings. Other analyses were based on the value of the business enterprise and the relative rights and preferences of the securities in the capital structure. Often the value of these rights and preferences has been modeled as call options on the value of the underlying Business Enterprise. Analyses have also included application of the Binomial Option Model and the Black Scholes Model to options and warrants of various types and configurations.
Jim has an MBA from Loyola University of Chicago and a BS (Engineering) from the University of Illinois Champaign‐Urbana.
Over the past 10 years, Jim has been a speaker on the areas of financial accounting oriented valuations.