Caroline Puiggali, CFA, ASA

Managing Director

Specialties:

  • Fairness & Solvency Opinions
  • Financial Reporting Valuations
  • Portfolio Valuations

Tel. No. (415) 513-4780

50 California Street
Suite 1300
San Francisco, California 94111

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Caroline PuiggaliCaroline Puiggali specializes in financial opinions, such as fairness and solvency, and securities valuations.

Prior to joining VRC, Ms. Puiggali held the position of vice president at Cogent Valuation (fka Houlihan Valuation Advisors of San Francisco). In this capacity, she provided financial opinions, securities valuations, and corporate advisory services in connection with mergers, acquisitions, divestitures, recapitalizations, equity allocations, LBOs, ESOPs, estate planning, and financial reporting.

Ms. Puiggali holds the designations of both chartered financial analyst (CFA) and accredited senior appraiser (ASA). In addition, she earned a master’s degree in finance and a bachelor’s degree in business administration from the University of Paris Dauphine.

Perspectives

The Only Legal Requirement for Fairness Opinions

California Corporations Code Section 1203 requires an affirmative fairness opinion to provide target shareholders with greater protection in takeover transactions.

Section 2000: Alternatives to Private Company Dissolution

Those seeking dissolution under California Corporations Code Section 2000 need to understand the role of appraisers as well as the ramifications of the standard and premise of value.