News and Updates

IPEV Guidelines: Exposure Draft of 2018 edition

The International Private Equity and Venture Capital Valuation Guidelines Board (“the IPEV Board”) has recently published draft amendments to the International Private Equity and Venture Capital Valuation Guidelines for consultation. The Valuation Guidelines were last updated in 2015 and this year’s update reflects the continued experience of industry practitioners applying IFRS 13 and ASC Topic 820 (US GAAP) as well as incorporating other valuation guidance such as that reflected in the working draft of the American Institute of Certified Public Accountants Private Equity and Venture Capital Valuations Guide. Key Enhancements include further guidance on the use of the price of a recent investment as a valuation technique to reinforce the premise that fair value must be estimated at each Measurement Date and on the valuation of investments in early-stage enterprises and in debt securities. The IPEV Board is targeting January 1, 2019, for the Guidelines to become effective, with earlier adoption encouraged. Comments on the consultation questions, as well as general feedback, is requested by November 27, 2018, and can be sent to contact@privateequityvaluation.com.

Andreas Dal Santo