Illustrative Scenario — Not an Actual Client

A PE Portfolio Company Ahead of Exit

The Situation

A mid-market private equity fund is preparing to exit a portfolio company in the 2027–28 window. With the CGT baseline date of 30 June 2027 falling ahead of the planned sale process, the fund’s tax advisers want an independent market valuation at the transition date — separate from whatever the eventual sale price turns out to be — to establish the cost base cleanly for LPs.

The Approach

A valuation combining discounted cash flow and comparable transaction multiples, drawing on real-time deal comparables from the PE and M&A network built over nine years at Next Capital. Coordinated with the fund’s tax and legal advisers to make sure the valuation date, methodology and assumptions align with how the eventual sale will be structured.

The Outcome

A valuation report the fund’s advisers can rely on for the CGT baseline, prepared independently of the sale process itself — giving LPs and the fund confidence in how the cost base was established, well ahead of the eventual exit.