is 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. BVX®
was released 7/2001.
has been developed by Mike Adhikari, President and owner of its
exclusive distributor, Adhikari International, Inc.
Mike Adhikari has 15+ years of
M&A experience and 17+ years of operating experience with a
Fortune 500 company. He teaches 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tax law change that repealed installment sale provision.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. (ICI), a mid-market M&A Intermediary firm handling
transactions valued between $1-100 Million. Over the last 15 years,
ICI has successfully completed sell-side assignments, buy-side
engagements, business valuations, and special M&A projects. ICI
specializes in manufacturing , service and distribution businesses and
has successfully represented clients in the U.S., Europe and Asia. ICI
has completed transactions involving profitable, unprofitable and
under-performing businesses for private and public companies.
Prior to purchasing ICI, 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.
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).
Since 1994, Mike has been teaching
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.