The New International Private Equity & Venture Capital Valuation Guidelines
February 24, 2019
The International Private Equity and Venture Capital Valuation Guidelines Board recently published the 2018 edition of the International Private Equity and Venture Capital Valuation Guidelines. (the Guidelines).
We expect that private equity and venture capital fund managers and private equity investors would find the latest version of the Guidelines very helpful given that the latest version incorporates the feedback and experience of industry practitioners in applying IFRS 13 and ASC Topic 820 (US GAAP), and other valuation guidance from 2015, which was when the last revision was done to the Guidelines was in 2015. A copy of the 2018 Guidelines is available here
For clarification and additional inquiries, please reach out to your Balogun Harold contact or write us via support@balogunharold.com.
Olu A.
LL.B. (UNILAG), B.L. (Nigeria), LL.M. (UNILAG), LL.M. (Reading, U.K.)
Olu is a Partner in the Firm’s Transactions & Policy Practice. Admitted as a Barrister & Solicitor of the Supreme Court of Nigeria in 2009, he has spent over a decade advising clients on high-value transactions and policy matters at some of Nigeria’s leading law firms.
olu@balogunharold.com
Kunle A.
LL.B. (UNILAG), B.L. (Nigeria), LL.M. (UNILAG), Barrister & Solicitor (Manitoba)
Kunle is a Partner in the Firm’s Transactions & Policy Practice. Admitted as a Barrister & Solicitor of the Supreme Court of Nigeria in 2009, he has spent over a decade advising clients on high-value transactions and policy matters at some of Nigeria’s leading law firms.
k.adewale@balogunharold.comRelated Articles
The New 200M Minimum Capital for VCs in Nigeria - Market Considerations
On 16 January 2026, the Securities and Exchange Commission (SEC) issued Circular No. 26‑1, raising the minimum share capital for venture capital (VC) fund managers in Nigeria from ₦20 million to ₦200 million.
Certificate of Capital Importation for Capital Goods and Equipment Imports into Nigeria: Key Considerations for Foreign Investors
Foreign investors entering the Nigerian market are often focused on company registration, tax compliance, and import approvals. However, one critical aspect that is frequently overlooked is the requirement to obtain a Certificate of Capital Importation (CCI) for the importation of capital equipment.
The FIRS-DGFIP Memorandum of Understanding: Key Legal Considerations for NRS
The NRS is subject to strict confidentiality and secrecy obligations under Sections 142 and 143 of the Nigeria Tax Administration Act (NTAA), 2025. The general rule mandates the confidentiality and secrecy of all taxpayer information. Under Section 143, taxpayer information may only be shared in the following limited circumstances
Doing Business in Lagos, Nigeria: A Strategic Legal Guide for Investors Entering Africa’s Fastest-Growing Market
With a population exceeding 18 million people, Lagos is a megacity that generates roughly 20% of Nigeria’s GDP, making it one of the most important sub-national economies on the continent. In November 2025, the Lagos State Government announced a proposed budget of ₦4.237 trillion, the largest by any sub-national government in Nigeria, signalling a bold, infrastructure-led development agenda