A unique valuation and deal-structure software that provides highly accurate results while reducing guesswork. BVX® is very easy to use and is interactive; it operates from one screen. It allows what-if analysis like Cash vs. Seller-financed price, Stock vs. Asset price, price impact of financing terms and deal structures, value of a strategic buyer etc. BVX® uses proprietary algorithms and advanced mathematics.
A Windows-desktop based application
A no-install, easy to launch version of BVX
Free 30-day trial (No credit card needed)
New Terminal Value (NTV)
NTV presents an overview of the issues with conventional Business Valuation methodologies such as (i) constant-capital-structure and (ii) no-debt-principal repayment assumptions. It proposes the Capitalization 2.0 framework which overcomes this by valuing a constant growth business with debt principal repayment and a changing capital structure. NTV generates pro-forma statements of a buyer who pays a value derived using GGM and AGM.
A version that runs within your browser
A no-install, easy to launch version of NTV
Free Subscription (No credit card needed)
Business ValueXpress® (BVX®, released 7/2001) has been developed by Mike Adhikari, President and owner of its exclusive distributor, Adhikari International, Inc.
Mike Adhikari has 30+ years of M&A experience and 17+ years of operating experience with a Fortune 500 company. He taught at the Kellogg Business School of the Northwestern University. He has three post-graduate degrees, including an MBA from the University of Chicago. His valuation work has been quoted in the Wall Street Journal and US Congress.
Mike used early version of BVX® to quantify reduction in valuation of small businesses due to 12/99 tax law change that repealed installment sale provision. Wall Street Journal quoted this analysis and U.S. Congress used it during the hearings to reverse the tax law change. Mike worked actively with various organizations in Washington to help achieve reinstatement of the installment sale provision in 12/2000.
Mike Adhikari continues his M&A practice as the President and owner of Illinois Corporate Investments Inc. (IllinoisCorporate), a mid-market M&A Intermediary firm handling transactions valued between $1-100 Million. Over the last 15 years, IllinoisCorporate has successfully completed sell-side assignments, buy-side engagements, business valuations, and special M&A projects. IllinoisCorporate specializes in manufacturing , service and distribution businesses and has successfully represented clients in the U.S., Europe and Asia. IllinoisCorporate has completed transactions involving profitable, unprofitable and under-performing businesses for private and public companies.
Prior to IllinoisCorporate, Mike worked for a $400 million division of a Fortune 500 company manufacturing graphic arts equipment and supplies. He held various positions including Director of Marketing, Director of Strategic Planning, Director of Manufacturing and Manager of R&D.
From 1994 to 2014, Mike taught Mergers & Acquisitions, as a guest speaker, in the Entrepreneurial Finance class of the MBA program at the Kellogg Business School of the Northwestern University. This class has been ranked in the "Top 12" in the country by Business Week magazine.
Mike has earned an MBA-Finance (1977, University of Chicago), an MS-Computers (1972, Cleveland State University), an MS-Mechanical Engineering (1970, Illinois Institute of Technology), and a BS-Mechanical Engineering (1968, India).
Phone: (847) 438-1657Fax: (847) 438-1835