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Our company was established in 1974 and acquired a solid reputation as a fair and independent appraiser, becoming an acknowledged leader in the field in Brazil. Our areas of expertise include asset appraisal, business valuations and financial planning. Our team of experts is composed of engineers, economists and MBAs, IT specialists, and accountants.


  • Asset Appraisal
    • Land
    • Buildings
    • Farms
    • Construction
    • Machinery and equipment
    • Furniture and office equipment
    • Transportation equipment
    • Aircraft
    • Ships and boats
    • Spare parts
    • Raw materials and end products
  • Biological Asset Valuation (IAS 41)
  • Impairment of Assets (IAS 36)
  • Appraisal of Intangible Assets (IAS 38)
  • Business Valuations
  • M&A Advisory
  • Financial Planning and Feasibility Studies
  • Fixed Asset Control (software development, sales and operation)

Representative Key Clients

Abengoa Açúcar e Álcool

Algar S/A Empreend. Participações (Grupo c/ 34 empresas)

Asea Brown Boveri Ltda.

Banco Credit Suisse S.A.

Banco HSBC Bank Brasil S.A.

Banco Itaú BBA

Banco Westlb Do Brasil S.A

Braswey S.A.

Citibank N. A.

GE Plastics South América S.A.

Grupo Camargo Correa

Grupo JBS S.A.

Grupo Noble

Grupo Santelisa Vale de Açúcar e Álcool

Irani Papel e Celulose

Marfrig S.A.

Monsanto do Brasil S.A.

Solvay do Brasil S.A

Tavex do Brasil S.A.

Vicunha Têxtil

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. View our Privacy Policy