Carl Saba is a partner at Hemming Morse. He is a recognized leader within the business valuation community, with nearly 25 years of experience advising companies on complex valuation issues for litigation, mergers and acquisitions, tax and financial reporting matters.
Carl’s valuation expertise spans business valuation, valuation of intellectual property and other intangible assets, and valuation of options and other derivatives. He has led in excess of 800 valuation engagements over the last 15 years across a broad range of industries with niche expertise in the areas of technology, life sciences and medical devices. Carl has assisted clients as a valuation expert in high exposure situations in initial public offerings, acquisitions, corporate restructure transactions and bankruptcy reorganizations with transaction values exceeding $1 billion. He has also assisted clients with resolving valuation disputes with the Internal Revenue Service (IRS) and in addressing valuation inquiries and reviews by the Public Companies Oversight Board (PCAOB) and Securities and Exchange Commission (SEC).
On litigation and forensic matters, Carl has served as an expert and testified on civil litigation issues, including economic damages, shareholder dissolution actions, buyout disputes, business interruption, unfair competition, patent infringement, alter ego, lost wages, and fraud claims. In most cases he has been successful in contributing to an out of court settlement of the dispute. Carl also has significant financial advisory experience in mergers and acquisitions due diligence and turnaround management. He has led due diligence efforts that have assisted his clients in negotiating key deal terms, negotiated with creditors to recapitalize companies, and helped management teams define strategic direction.
Contributing to thought leadership within the valuation community is something Carl is passionate about. He co-founded and currently chairs the Executive Committee of the Fair Value Forum, a business valuation expert group dedicated to defining best practices within the profession. He also served a term as president of the Valuation Roundtable of San Francisco, as well as many years as a board member. Carl has authored several articles on cutting edge valuation topics and teaches and lectures on the subject frequently.
Carl has an MBA from the Marshall School of Business at the University of Southern California where he graduated with honors. He earned his bachelor’s degree at U.C. Berkeley’s Haas School of Business and is a Certiﬁed Valuation Analyst with the National Association of Certiﬁed Valuators and Analysts. He is also an Accredited Senior Appraiser with the American Society of Appraisers, and Accredited in Business Valuation with the American Institute of Certified Public Accountants. Carl is fluent in French.
University of Southern California, MBA, Emphasis in Finance, 2003
University of California, Berkeley, B.S., Business Administration and Finance, 1995
Certified Valuation Analyst (CVA), National Association of Certified Valuators and Analysts
Accredited Senior Appraiser (ASA), American Society of Appraisers
Accredited in Business Valuation (ABV), American Institute of Certified Public Accountants
Fair Value Forum
Chair, Executive Committee
Valuation Roundtable of San Francisco
National Association of Certified Valuation Analysts
American Society of Appraisers
American Institute of Certified Public Accountants
Community Legal Services, East Palo Alto
Executive Committee Board Member
Beta Gamma Sigma – National Business Honor Society