Economic Opinion

Our Company provides consulting services to companies and regulatory authorities in economic analysis for a variety of requirements. Over the years our company has completed projects for hundreds of clients:
- Valuations for Merger and Acquisition purposes
- Valuations for related parties transactions
- Due diligence for business transactions
- Valuations for tax purposes
- Transfer pricing studies
- Feasibility studies and business plans
Project Finance

Variance has one of the leading project-financing departments in Israel, providing full and comprehensive services for a wide range of business spheres, including modeling, financial monitoring, financing consultancy for financials close, assisting with complex infrastructure tenders, and so forth. Our experts are pioneers in assisting clients with unique and innovative tenders. The department has assisted groups in preparing for, and winning, a variety of infrastructure projects in the fields of water desalination, energy, conventional and renewable energy, highways, etc.
- Consulting and financial modeling for the purpose of submitting proposals for infrastructure tenders.
- Financial/Economic Modeling
- Revisioning and Auditing of economic/financial models
- Consulting services to government agencies on infrastructure projects
- Financial Consulting
- Evaluations of project feasibility and profitability analysis
- Evaluation and analysis of financial risks
Financial Reporting

Variance provides a comprehensive solution for all required valuations according to IFRS and US GAAP, backed by a solid understanding of the latest accounting regulations and the business sector specifically. Under this framework, our company has worked on multiple projects for public companies in Israel and overseas, including valuations for IPO purposes.
- Purchase Price Allocation (PPA)
- Goodwill Impairment Tests
- Shares-based Compensation (ESOP, Warrants)
- Financial Instruments (Derivatives)
- Valuation of Contingent Consideration
- Actuarial Services (IAS19)
- Leasing (IFRS16)
Corporate Finance and Investment Banking

Our company combines its extensive knowledge of different business sectors with existing financial abilities, providing a variety of services in issues of corporate finance and investment banking including:
- Investment Banking
- Corporate Finance
- IPO Consulting
- Financial Strategy
Expert Opinion

Our consultants possess extensive expertise in providing expert opinion on a variety of legal and regulatory processes. This activity is led by experts with broad experience in the preparation of professional opinions and provision of court affidavits in the fields of financing, economics, accounting, marketing and so forth.
Our expert opinion services cover a variety of issues including:
- Valuations
- Damage Assessments
- Fairness Opinion
- Financial Strength and Solvency
- Employees’ Compensation
- Analysis of Financial Transactions
- Probability Decision-making
- Business restructuring for tax purposes
- Balance of Resources