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Intrinsic Announces Launch of Separate Transaction Opinions Practice
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Rhea-AI Summary
Intrinsic, LLC has launched a new Transaction Opinions practice, led by Managing Director Garrett Wilson, formerly of FTI Consulting (NYSE: FCN). This new division aims to meet rising demand for independent fairness and solvency opinions from private equity and institutional investors. The practice will also include Mark Lorch and Evan Lewis, enhancing expertise in transactional advisory services. CEO Alex Hodgkin emphasized the firm’s commitment to supporting boards of directors in fiduciary responsibilities during critical financial transactions.
Positive
Launch of a dedicated Transaction Opinions practice to address increased client demand.
Recruitment of experienced professionals such as Garrett Wilson and Mark Lorch enhances service capabilities.
Expansion aligns with strategic goals to become a leader in transaction advisory services.
Negative
None.
DENVER--(BUSINESS WIRE)--
Intrinsic, LLC, a national valuation and transaction advisory firm headquartered in Denver, Colorado (“Intrinsic” or the “Company”), announced today the formal launch of a separate Transaction Opinions practice with the addition of Managing Director Garrett Wilson, joining from FTI Consulting, Inc. (NYSE: FCN) (“FTI”), where he was a member of the firm’s Fairness and Solvency Opinion Committee.
Intrinsic has historically rendered fairness and solvency opinions for clients through its existing Financial Reporting Valuation practice. To service increasing demand for Transaction Opinions from its private equity and institutional investor clientele, the Company has re-organized its practice areas to expand its reach as a premier advisor on transaction-related matters. With the recent hiring of Mr. Wilson, Managing Director, and Mark Lorch, Director, both of whom have deep expertise in public company Transaction Opinions and related litigation experience, Intrinsic will now serve its clients as a trusted partner in four formal practice areas: Transaction Advisory Services, Transaction Opinions, Financial Reporting Valuation and Estate & Gift Tax Valuation. The now separate Transaction Opinions practice will be led by Mr. Wilson and, in addition to Mr. Lorch, will also involve other senior Intrinsic professionals with previous Transaction Opinions experience including Evan Lewis, Vice President.
“We are excited to announce the launch of a separate and focused Transaction Opinions practice. In line with our firm’s strategy of developing national leadership in transaction advisory and valuation services, this group will serve as a trusted partner to boards of directors and special committees as they meet fiduciary duties associated with M&A, related party transactions, fund-to-fund transfers, dividend recapitalizations and other transactions,” said Alex Hodgkin, Intrinsic’s Chief Executive Officer. “We are answering the call from our private equity, institutional investor and publicly traded clients for independent and defensible fairness and solvency opinions. The demand for these services has meaningfully increased and with the addition of Garrett and Mark our subject matter expertise is significantly expanded, given their extensive knowledge and experience rendering or litigating opinions on large corporate transactions.”
Mr. Wilson joins Intrinsic from FTI where he was a Managing Director and a member of the firm’s Fairness and Solvency Opinion Committee. He began his career near Seattle, Washington, working as an analyst for the Chief Investment Officer of Cascade Investment, LLC (“Cascade”), the family office of William H. Gates III and the Bill & Melinda Gates Foundation endowment. After Cascade, Mr. Wilson founded Sirius Advisors LLC, a Registered Investment Advisor, which managed as much as $600 million in publicly traded securities globally for institutional and high net worth clients. In 2012, Mr. Wilson joined the Denver office of RGL Forensics, a leading global financial investigations firm, and later RGL Advisors, a FINRA registered broker-dealer (collectively, “RGL”), which were subsequently acquired by Baker Tilly Virchow Krause, LLP. While with RGL, Mr. Wilson focused on financial forensics, litigation consulting and middle-market advisory services for clients in a broad array of industries and served as a member of the firm’s Valuation and Opinions Committee. Mr. Wilson joined the Forensic and Litigation Consulting segment of FTI, a multi-billion-dollar global business advisory firm, in 2017. At FTI, he focused on disputes-related valuations and complex commercial damage engagements as a consultant/expert witness while also serving on the firm’s Fairness & Solvency Opinion Committee. Mr. Wilson has a double-dual B.A. degree in economics/accounting and biology/chemistry from Claremont McKenna College, where he graduated summa cum laude. He is a CFA Charterholder and a Certified Valuation Analyst.
Mark Lorch, who recently joined Intrinsic, will transition to the newly formed Transaction Opinions practice to support Mr. Wilson with new business development and the execution of Transaction Opinion engagements while also continuing to serve existing clients in the Financial Reporting Valuation practice. Mr. Lorch began his career at Duff & Phelps LLC (“Duff & Phelps”), recently renamed as Kroll, LLC, serving clients in financial reporting, estate and gift tax and other related valuation services. Mr. Lorch focused on business development and project execution for Transaction Opinions within the Duff & Phelps Corporate Finance practice. Mr. Lorch also spent many years as a Senior Vice President at Mesirow Financial, advising clients on valuation, opinions, solvency and dispute-related matters. Mr. Lorch has a dual B.S. degree in accounting and finance from the Kelly School of Business at Indiana University. He holds the Certification in Distressed Business Valuation.
Evan Lewis, one of Intrinsic's longest tenured professionals, will also transition to the newly formed Transaction Opinions practice. Since joining Intrinsic, Mr. Lewis has taken on increasingly senior functions within the Financial Reporting Valuation practice, where he has been responsible for business development, internal training and development, project management and the issuance of Intrinsic’s fairness and solvency opinions. While continuing to serve existing clients in the Financial Reporting Valuation practice, he will support Mr. Wilson with new business development and execution of Transaction Opinion engagements. Mr. Lewis began his career at Mount Yale Capital Group–a global portfolio design, asset management, and product development firm–where he conducted complex financial modeling and comprehensive investment research. Mr. Lewis received a B.S.B.A. degree from University of Denver and is a CFA Charterholder. He also serves on the Board of Directors for the Sun Valley Youth Center.
About Intrinsic, LLC
Intrinsic is a highly collaborative team of financial experts, providing expertise on valuation and transaction advisory matters, focused exclusively on the unique needs of high net worth, family office, hedge fund and private equity clientele. Members of the firm joined from roles in not just Big 4 accounting and international valuation firms, but also private equity, family office investing, C-suite executive leadership, investment banking and M7 staff. Intrinsic is shaped and guided by a highly informed group of investors, some of the most accomplished professionals and academics in the fields of private equity and entrepreneurial finance.
What recent announcement did FTI Consulting make regarding its Transaction Opinions practice?
FTI Consulting announced the launch of a new Transaction Opinions practice at Intrinsic, led by Garrett Wilson, addressing increased demand for independent fairness and solvency opinions.
Who joined Intrinsic from FTI Consulting to lead the new Transaction Opinions practice?
Garrett Wilson joined Intrinsic from FTI Consulting to lead the new Transaction Opinions practice.
What is the purpose of the new Transaction Opinions practice at Intrinsic?
The new Transaction Opinions practice aims to provide independent and defensible fairness and solvency opinions for private equity and institutional clients.
What qualifications does Garrett Wilson have from his previous roles at FTI Consulting?
Garrett Wilson was a Managing Director and member of the Fairness and Solvency Opinion Committee at FTI Consulting.
What other professionals are involved in the newly formed Transaction Opinions practice?
Mark Lorch and Evan Lewis are also involved in the newly formed Transaction Opinions practice at Intrinsic.
