Todd Kaltman
AT A GLANCE
Todd specializes in providing fairness opinions, solvency opinions and business valuations for a wide variety of purposes. He has advised both public and private companies and their boards of directors on numerous corporate transactions, including mergers and acquisitions, leveraged buy-outs, going-private transactions, spin-offs, and recapitalizations. Todd has experience across a broad range of industries and has substantial transactional experience in the software/technology sector.
Some noteworthy transactions on which Todd has advised corporate boards and private equity sponsors include:
- SAP SE’s (XTRA:SAP) acquisition of Taulia, Inc. and minority equity investment in Icertis, Inc. (fairness opinions)
- Qualtrics International Inc.’s (NasdaqGS:XM) acquisition of Clarabridge, Inc. (fairness opinion)
- RingCentral, Inc.’s (NYSE:RNG) authorization of stock buyback plans (multiple solvency opinions)
- Cloud Software Group, Inc.’s leveraged redemptions of preferred shares (multiple solvency opinions)
- Genesys Cloud Services’ leveraged dividend distributions (multiple solvency opinions)
- HP Inc.’s (NYSE:HPQ) acquisition of the HyperX gaming peripherals business of Kingston Technology Company, Inc. (fairness opinion)
- Numerous solvency opinions related to leveraged dividend recapitalization transactions for portfolio companies of Vista Equity Partners, The Carlyle Group, KKR, TPG, Hellman & Friedman, ZMC, and others.
Todd received his B.S. in business administration, magna cum laude, from California State University, Northridge. He is a chartered financial analyst (CFA) charterholder and he holds the Financial Industry Regulatory Authority Series 7 and 63 licenses. He is also a member of the CFA Institute and the CFA Society of Los Angeles.