Brand Finance, Sunil Fernando Associates combine expertise

Thursday, 5 January 2012 00:00 - - {{hitsCtrl.values.hits}}

Sunil Fernando Associates and Brand Finance Lanka recently signed an agreement which establishes an alliance, thereby providing a unique integrated valuation service to clients for the first time in Sri Lanka.

Hitherto, clients have conducted eithertangible or intangible asset valuations. By combining their individual expertise, the two firms are now able to provide a total integrated valuation, thereby providing a more holistic value of a business.

RISC certified Sunil Fernando, the Managing Director of Sunil Fernando Associates, who is one of the foremost tangible asset valuers in the country, has over 45 years of service in Sri Lanka and overseas.

Commenting on the alliance, Fernando said: “In our work of business we get to grips with all the tangible assets. However, that is only one part of the total picture. We know that intangibles make up a significant part of a business, and this is Brand Finance’s area of expertise. I am pleased that we will be able to offer our integrated services through this alliance, especially with the introduction of IFRS in Sri Lanka this year.”

Brand Finance Lanka Managing Director Ruchi Gunewardene said: “Our alliance will provide a much more holistic offering, which will enable companies to prioritise their future investments and leverage their total asset base. I am very pleased in being able to form this alliance with Sunil Fernando Associates, which is the leading firm operating in this field in Sri Lanka, as it provides a unique service to the business sector, which hitherto has not been available.”

Sunil Fernando Associates is Sri Lanka’s leading commercial, residential and industrial real estate advisor. The practice carries out valuations of various assets in the form of land, buildings, plant and machinery, including vessels for the purpose of IPO, mortgage, purchase and sale, insurance and for the assessment of fair value for accounting purposes.

They also carry out the feasibility and viability of comprehensive property development projects and advice businesses, on ascertaining the best models of equity sharing for these projects.

Sunil Fernando Associates over the last 12 years have carried out valuations for leading businesses in Sri Lanka and its clients include most of the commercial banks, public listed enterprises and leading privately owned companies.

Brand Finance is an independent global business focused on advising strongly branded organisations on how to maximise value through effective management of their brands and intangible assets. Brand Finance has performed thousands of branded business, brand and intangible asset valuations worth trillions of dollars throughout the world.

Its clients include international brand owners, tax authorities, IP lawyers and investment banks. Its reports have been accepted by various regulatory bodies, including the UK Takeover Panel.

Brand Finance is headquartered in London and has a network of international offices including Colombo.