Updates

A publicly traded Woodward client inadvertently created a perpetual option as part of a privately placed convertible debt issuance.  A third party fair value of the option was then required to allocate debt proceeds between primary debt and equity for the Company’s audited financial statements, per APB No. 14.  Perpetual options are rare and usually theoretical, for example, Barron’s argued that Lehman Brothers’ stock was essentially a perpetual option as of September 2008.  Woodward successfully valued the perpetual option, communicated with the Company’s auditors and created auditable worksheets, calculations and a report in less than one week—allowing the Company to file its 10-Q on time.  Click here for more information on perpetual options.  

Welcome to the Woodward Group
The Woodward Group, Ltd. is an investment banking and financial advisory firm that specializes in mergers and acquisitions, fairness opinions, debt and equity recapitalizations, valuations and expert witness testimony.  Our valuation expertise includes providing fairness and fair value opinions in connection with implementing SFAS 141, 142, 123R, 157 and IRC 409A.

Woodward's expertise includes recapitalizations involving management buyouts, turnaround situations, project financings and emerging companies requiring growth capital.  The Woodward Group brings Wall Street experience, academic excellence and a long tradition of successfully completing transactions to our clients.

Woodward maintains a network of hundreds of domestic and international sources of capital, including insurers, senior lenders, lessors, subordinated lenders, private investors, funds and venture capitalists.