Overview
A $450 million retail company was acquired by a private equity firm.

Challenge
The acquired company had significant lease commitments exceeding $100 million and needed to have an assessment of their current leases conducted.

Solution
Using current real estate conditions to determine fair value of the leases in today’s market and working with the company’s real estate experts, Blythe Global forecast their impact on primary financial metrics under ASC 842 and IFRS 16 implementation and calculated a $15 million value.

Result
This will benefit the company’s future operating results by approximately $3 million each year over the next five years.