Business valuation experts in Colombia, the USA and LATAM. Knowing the real value of your company is the best decision.

ValorActiva advises business sale processes, business valuation, mergers and acquisitions (M&A), intangible asset valuation and due diligence in Colombia, the United States and Latin America. Our reports comply with international standards and are valid before DIAN, SuperSociedades, notaries and courts.

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+60 valuations and M&A deals delivered
15 years of corporate experience
Reports valid before DIAN and Supersociedades
// active certifications
National Self-Regulatory Body of Appraisers (ANA)
Category 11 — Operating assets and commercial establishments
11ANA
Category 12 — Intangible asset valuation
12ANA
Category 13 — Special intangible asset valuation
13ANA
ANA
Certified and registered appraiser Law 1673 of 2013 · No conflicts of interest
+60
valuations
15
yrs. experience
3
ANA categories
+8
sectors
100%
independent
✓ DIAN · SuperSociedades · Notaries · Courts
New: ValorReady360 — find out how ready your company is for a sale or investment round, before commissioning a formal valuation.
Discover ValorReady360 →
// consulting experience

Representative cases

A sample of recent mandates. For confidentiality, the company is not identified and specific figures are not disclosed.

Valuation of an industrial manufacturing company for a sale process and family succession.
Service: Business valuation (Cat. 11)
Valuation of a trademark and proprietary software in an international acquisition transaction.
Service: Intangible asset valuation · PPA (Cat. 12)
Financial expert opinion on a regulatory concession in arbitration proceedings before a commercial tribunal.
Service: Special intangibles (Cat. 13)
Share valuation for the entry of a new investor partner in a consumer goods company.
Service: Business valuation (Cat. 11)
Valuation report for a corporate reorganization filing before DIAN (Colombian tax authority).
Service: Business valuation (Cat. 11)
Goodwill valuation as technical support in an expropriation compensation process.
Service: Special intangibles (Cat. 13)
Valuation consulting for a private security company in a partial equity stake sale process.
Service: Business valuation (Cat. 11)
Industrial patent valuation for licensing negotiation with an international third party.
Service: Intangible asset valuation (Cat. 12)
Pre-feasibility financial model for opening a new retail location in a mid-sized city.
Service: Financial modeling
Customer relationship portfolio valuation for accounting recognition under IFRS.
Service: Intangible asset valuation (Cat. 12)
Financial due diligence prior to the acquisition of a logistics-sector company.
Service: Due diligence
Mining rights valuation as technical support in a judicial process.
Service: Special intangibles (Cat. 13)
Working capital study for a consumer goods company undergoing regional expansion.
Service: Financial analysis
Valuation of an agribusiness company for the entry of an investment fund as a minority partner.
Service: Business valuation (Cat. 11)

Testimonials and cases cited on this site are presented without company names, in accordance with the confidentiality agreements of each engagement.

// specialized services

Business Sale, Business Valuation and Intangible Asset Services

We support business sale processes, business valuation, mergers and acquisitions (M&A), and valuation of intangible and special assets under international standards.

ANA CATEGORY 11 · Operating assets and commercial establishments

Business valuation

Our analyses determine the economic value of a company for sale processes, investor entry, mergers, acquisitions and strategic decision-making.

Our reports comply with IVS 2025 and ASA-BV Standards, valid for sale processes, partner entry, litigation and filings before DIAN, SuperSociedades and notaries.

// methodologies applied
DCF Market multiples Adjusted book value EVA Real options Comparable companies 100K scenarios
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What's included?

  • Historical and projected financial analysis
  • Tangible and intangible assets
  • Diagnosis by business unit
  • Competitive and sector environment
  • ASA-BV / IVS 2025 format

When do you need it?

  • Full or partial sale of your company
  • Entry of partners or investors
  • Merger, spin-off or restructuring
  • Litigation before courts or tribunals
  • Filings before DIAN or SuperSociedades

Turnaround time

10 to 20 business days depending on complexity and availability of financial information.

ANA CATEGORY 12 · Intangible asset valuation

Intangible asset valuation

We value trademarks, software, intellectual property, know-how, customer relationships and other intangible assets used in M&A processes, financial planning and regulatory compliance.

We apply internationally recognized methods under IFRS 13, IVS 2025 and US GAAP ASC 820, ensuring reports valid for financial statements, M&A and litigation.

// methodologies applied
Relief from Royalty MEEM Replacement cost Incremental cash flow Market comparables Price premium
Value my intangibles →

Intangibles we value

  • Trademarks and trade names
  • Patents and copyrights
  • Proprietary software
  • Customer relationships
  • Know-how and trade secrets
  • Contracts and non-compete agreements

Applications

  • Purchase Price Allocation (PPA)
  • Recognition under IFRS / US GAAP
  • Inter-company licensing
  • Intellectual property litigation
  • Collateral for financing
ANA CATEGORY 13 · Special intangible asset valuation

Special Intangible Assets and Complex Asset Valuation

Assets unique in nature or regulatory context that require specialized methodologies: concessions, regulatory licenses, usage rights and assets with special value.

ANA Category 13 enables the issuance of technical reports on these highly complex assets, combining law, finance and strategy.

// assets covered
Regulatory concessions Special licenses Mining rights Sports assets Goodwill Intangibles in criminal litigation
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Why does it require specialization?

These assets have no active secondary market and their value depends on unique regulatory factors. ANA Category 13 guarantees technical rigor in these cases.

Application contexts

  • Insolvency and judicial liquidation proceedings
  • Expropriation compensation
  • Negotiation of state concessions
  • Complex M&A transactions
  • Expert opinions in criminal or civil cases

Free initial consultation

Given the complexity of these assets, we start with a free technical consultation to define scope and methodology.

SALE MANDATE · M&A advisory

Sell-side advisory for business sales

We act as your investment bank: we structure, execute and close the commercial sale process of your company end to end, protecting confidentiality vis-à-vis the market, employees and competitors.

We prepare the sale materials, identify and qualify strategic and financial buyers, coordinate due diligence and lead the negotiation through closing, under an exclusivity mandate with fees aligned to the outcome.

// mandate phases
Commercial preparation Teaser & blind listing NDA & data room Buyer search Due diligence coordination Negotiation and closing
Request a sale mandate →

What does the full mandate include?

  • Blind listing published for 4 months
  • Commercial preparation and company teaser
  • Review and certification of the current valuation
  • Active search and qualification of buyers
  • Support through negotiation and closing

Fee structure

  • Confidential listing — COP 1,500,000
  • Premium listing — COP 3,800,000
  • Full sale mandate — COP 12,000,000
  • Success fee — payable at transaction closing

Fixed preparation fee plus a variable commission payable at closing. Reference figures for commercial proposal purposes; VAT, legal, tax and audit services are not included unless expressly contracted.

Recommended mandate

4-month exclusivity · protection of identified buyers · NDA signed before sharing sensitive information.

// why choose valoractiva

Experience, technical rigor and regulatory backing

More than 15 years supporting business owners, investors and law firms in business valuation, intangible asset valuation and business sale processes.

01
ANA Certification

Firm certified in categories 11, 12 and 13 for business valuation, intangible assets and special intangible assets.

02
International Experience

Involvement in projects across Colombia, the United States and Latin America for business owners and investors.

03
Defensible Reports

Reports valid before DIAN, SuperSociedades, notaries, courts and due diligence processes.

04
International Standards

Application of IVS 2025, IFRS 13, US GAAP ASC 820 and ASA-BV Standards.

Standards applied
✓
IVS 2025 ↓
✓
IFRS 13
✓
US GAAP ASC 820
✓
ASA-BV Standards
✓
IPEV Guidelines
✓
ANA Cat. 11 · 12 · 13
✓
Law 1673 of 2013 ↓
// our process

Transparency and rigor at every stage.

A structured process that ensures technically sound and legally defensible reports.

01 — Initial consultation and diagnosis
We understand your situation, objectives and the intended use of the report to define the most appropriate scope and methodology.
02 — Information gathering
We request financial statements certified and signed by the accountant and/or statutory auditor, key contracts and sector and strategic information, with full confidentiality.
03 — Financial analysis and modeling
We apply the selected methodologies with scenario modeling and sensitivity analysis of up to 100,000 iterations.
04 — Preparation of the technical report
We draft the report under IVS 2025 or ASA-BV, with the structure required by the receiving entity.
05 — Review and delivery
We present the results and support the defense of the report before the relevant entity or counterparty.

At ValorActiva we don't just deliver reports and disappear. We support each process from the first consultation through the final defense, ensuring conclusions are properly understood and used.

Every engagement is handled directly by the certified appraiser, guaranteeing the technical consistency and professional accountability required by the National Self-Regulatory Body of Appraisers.

The confidentiality of your information is absolute. We operate with full independence and no conflicts of interest, an indispensable condition for issuing a valid technical opinion before any authority.

Turnaround time: Between 10 and 20 business days depending on complexity. For urgent processes, we discuss availability during the initial consultation.

// client testimonials

Decisions backed by evidence. Concrete results.

★★ ★★★
Category 11

"ValorActiva's report allowed us to negotiate the sale with complete technical backing. The buyer didn't question a single figure because the methodology was impeccable."

JJ
Jorge Jaramillo
General Manager
Manufacturing · Antioquia
★★ ★★★
Category 12

"We needed to value our brand for the PPA process. ValorActiva delivered a report that met exactly the IFRS standards required by our international auditor."

LP
Laura Pérez
CFO
Consumer goods · Bogotá
★★ ★★★
Category 13

"For the arbitration process we needed an expert opinion on destroyed goodwill. The report was accepted by the tribunal without objection and was decisive in the favorable ruling."

DG
Diana García
Partner · Private security firm
Legal · Bogotá
// the certified appraiser

Technical specialization with regulatory backing.

Every report is signed by an appraiser certified and registered with ANA.

Nestor A. Calle, founder and ANA-certified appraiser
Nestor A. Calle
// Founder · ANA-certified appraiser, Cat. 11, 12, 13
Certified ANA Categories 11, 12 and 13
Financial Engineer · MBA in Management and Marketing
Graduate-level instructor specialized in business valuation and corporate finance
Certified Public Accountant

With more than 15 years of experience, Néstor has supported business owners, investors and lawyers in the valuation of companies, brands, patents, software and highly complex intangible assets in Colombia and the region.

He has defended reports before DIAN, SuperSociedades, notaries, civil courts and arbitration tribunals, with his opinions accepted without objection in every process he has taken part in.

His approach combines the technical rigor of international methodologies with a deep understanding of the Colombian market and the specific requirements of each regulatory body.

15+
yrs. exp.
60+
valuations
8+
sectors
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// What do you need?

We tailor the engagement to your specific situation.

The context, the intended use of the report and the nature of the asset determine the methodology.

01
Transaction · Cat. 11
Buying or selling a company

A certified valuation gives you leverage in negotiation and prevents selling below the real strategic value.

Independent technical valuation pre-transaction Report valid before notaries and chambers of commerce Support during due diligence
Start the process →
02
Corporate · Cat. 11
Bringing in partners

Establish clear grounds for the entry of new partners. The valuation sets a fair price and protects all shareholders.

Valuation of shares and equity interests Valid before SuperSociedades and notaries Post-entry dilution analysis
Start the process →
03
Intellectual property · Cat. 12
Trademarks, patents and software

Your intangibles represent a significant share of real value. Measuring them precisely is key to negotiating or licensing them.

PPA under IFRS in acquisitions Valuation for licensing and royalties Accounting recognition of intangible assets
Start the process →
04
Legal · Cat. 11 · 12 · 13
Litigation and legal proceedings

Independent financial expert opinions with technical-legal backing for judicial, arbitration and tax proceedings.

Reports under ASA-BV Standards and IVS 2025 Defense before courts and tribunals Valid before DIAN in tax proceedings
Start the process →
// investment opportunities

Companies for sale

Active sale mandates we currently represent. Each opportunity is presented anonymously; the company name and full financial statements are shared only with qualified buyers after signing a non-disclosure agreement (NDA).

🔒 Confidentiality guaranteed: none of the companies listed here are publicly identifiable. Full details are provided only under NDA.
Ref. VA-2026-014

Industrial manufacturing

LocationAntioquia, Colombia
Annual revenueCOP 8,000 – 12,000 M
EBITDA~18%
PriceTo be agreed
Reason for saleFamily succession
Request confidential teaser →
Ref. VA-2026-021

Technology / B2B Software

LocationBogotá (LATAM operation)
Annual revenueUSD 1.2M – 2M ARR
EBITDAConfidential
PriceEBITDA multiple to be defined
Reason for saleFocus on new business line
Request confidential teaser →
Ref. VA-2026-033

Healthcare / Medical services

LocationValle del Cauca, Colombia
Annual revenueCOP 5,000 – 7,000 M
EBITDA~15%
PriceSubject to due diligence
Reason for salePartners expanding into other markets
Request confidential teaser →
Want to sell your company? List it with us →

We evaluate your company at no cost and determine whether it fits the profile to start the sale process.

// frequently asked questions

What people usually ask us

How much does a business valuation with ValorActiva cost?

Cost depends on the complexity of the case, the type of asset (company, brand, special intangible) and the availability of financial information. We define the scope and exact cost during a free initial consultation.

How long does the valuation process take?

Between 10 and 20 business days, depending on the complexity of the case and the availability of financial information. For urgent processes, we check availability during the initial consultation.

Is my valuation report valid before Colombia's DIAN or SuperSociedades?

Yes. Our reports are prepared under international standards (IVS 2025, ASA-BV Standards) and signed by an appraiser certified by Colombia's National Self-Regulatory Body of Appraisers (ANA), making them valid before the DIAN, SuperSociedades, notaries and courts.

What's the difference between ValorReady360 and a formal valuation?

ValorReady360 is a readiness diagnostic: it identifies how ready your company is for a sale or investment process. A formal valuation (ANA Cat. 11, 12 or 13) is an independent service with a defensible technical report.

Do you work with companies outside Colombia?

Yes. Beyond Colombia, we have supported valuation and business sale processes for clients in the United States and other Latin American countries.

Is my financial information confidential?

Yes. We operate under total independence and absolute confidentiality, with no conflicts of interest — a requirement to issue a valid technical opinion before any authority.

// specialized advisory

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