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We are an independent corporate adviser established over 30 years ago with offices in Sydney, Melbourne and Adelaide. We are acknowledged leaders in the field of financial valuations and we hold the following credentials:

  • Accredited Senior Appraiser (ASA)
  • Canadian Institute of Chartered Business Valuators (CIBV)
  • Chartered Accountant Business Valuation Specialist
  • Chartered Financial Analyst (CFA)
  • Master of Applied Finance
  • Member of the Australian Taxation Office’s Panel for Financial Valuations
  • Author of the Australian Valuation Handbook
  • Member of the ASIC’s Panel of Independent Experts
  • The holder of Australian Financial Services License No 228819


  • Valuations of businesses and IP
  • Independent expert reports
  • Valuations for financial reporting
    • Executive options and share based payments (AASB 2)
    • Allocation of purchase price (AASB 3)
    • Impairment testing (AASB 136)
  • Valuations for taxation
    • Capital gains tax
    • Stamp duty
    • Non arm’s length transactions
    • Thin capitalisation
  • Mergers and acquisitions and other strategic advice
  • Financial modelling and analysis

Representative Key Clients



Carl Zeiss Vision

Carnegie Wave Energy

County Coal


Dyno Nobel Ltd



Futuris Ltd

Mayne Pharma

NSW Treasury

Pacific Hydro Ltd

SA Water


Transfield Services Ltd

Valuation Research Group

Valuation Research Group (VRG) provides quality valuations and value-related services for the international business community, serving clients in more than 60 countries. Multinational engagements are managed locally by a single point-of-contact and executed by professionals located in respective countries.