Dunderave Valuations is an independent valuation practice specialising in the complex tax valuation requirements of private equity firms. The firm combines deep technical expertise with extensive experience across large and mid-tier PE funds, providing rigorous valuation services throughout the fund lifecycle — from deal inception through to exit.

The firm’s core offering centres on the valuation of management incentive plans and sweet equity shares, a critical requirement for PE-backed businesses where tax compliance demands precise, defensible analysis. Dunderave also provides share valuation consultancy, including exit planning reviews designed to prepare for buy-side due diligence / address possible historic share issuances at below market value, and valuations of carried interest and co-invest assets for tax reporting purposes.

What distinguishes Dunderave is the depth of its understanding of the tax authority perspective. Having worked alongside former HMRC Shares and Assets Valuation specialists, our team structure every opinion with a clear view of how tax authorities approach and challenge valuations. This means PE firms and their portfolio companies receive analysis that is not only technically sound but also built to withstand scrutiny — reducing risk and avoiding costly disputes.

Dunderave operates across jurisdictions, with experience working to UK, US and European tax authority requirements. This multi-jurisdictional capability is particularly valuable for PE firms managing cross-border fund structures and internationally dispersed management teams, where valuation obligations arise under multiple regulatory frameworks.

The firm works closely with private equity houses, their legal advisers, accountants and tax advisors to deliver valuation solutions that are practical, clearly communicated and aligned with the commercial realities of PE transactions. Whether structuring a new incentive plan at the point of investment or preparing for an exit, Dunderave provides the specialist valuation expertise that PE firms require to navigate their tax obligations with confidence.

www.dunderavevaluations.com