Guillaume Laffitte-Smith, Asa Email & Phone Number

Washington, D.C.

As a Director in Cherry Bekaert's Valuation Advisory Services Group, I lead valuation engagements of illiquid securities for financial reporting purposes. These illiquid securities include debt instruments (revolvers, term loans, unitranche loans, subordinated debt, and mezzanine debt) and equity securities.I also have experience providing valuation, transaction, and financial advisory services to business development companies, private equity funds, other portfolio managers of illiquid debt and equity investments, in addition to closely-held businesses. Additionally, I also provide valuation services related to: fairness and solvency opinions; fair value accounting (ASC 820); purchase price allocations (ASC 805); goodwill impairment analyses (ASC 350); stock compensation-related valuations; intangible asset valuations; and M&A transactions.

In August 2018, Cherry Bekaert acquired CTS Capital Advisors.

Washington D.C. Metro Area

As a Senior Manager at CTS Capital Advisors, I had the opportunity to perform a wide range of financial advisory services that have required the valuation of businesses, securities, and intangible assets across a wide range of industries. Job responsibilities and activities that I performed in this role include the following:▪ Managed a team that provides quarterly valuations of business enterprise, debt, and equity securities for various business development companies▪ Determined the Fair Value of portfolio holdings for Private Equity funds in accordance with ASC 820 ▪ Valued illiquid holdings in investment fund portfolios consisting of debt and private equity investments ▪ Provided independent third party valuation services to various publicly traded companies regarding the Fair Value of their individual holdings within their leveraged loan portfolios▪ Prepared business enterprise and equity valuations of privately-held companies utilizing income and market-based approaches, including equity value allocation methods for enterprises with complex capital structures▪ Conducted purchase price allocations for financial reporting purposes in accordance with ASC 805▪ Responsible for mentoring, training, recruiting and developing staff

Washington D.C. Metro Area

As a senior analyst at SRR, I had the opportunity to perform a variety of financial advisory services that required the valuation of businesses, securities, and intangible assets across a wide range of industries. Some of the job responsibilities and activities that I performed in this role included the following: ▪ Performed enterprise valuations, purchase price allocations, goodwill impairment testing, and intangible asset valuations for financial reporting, tax, and corporate planning purposes▪ Performed valuations of securities and business interests for numerous purposes, including mergers and acquisitions, fairness and solvency opinions, and estate and gift taxation.▪ Incorporated and utilized analytical, financial, and statistical data analysis in order to develop and reach financial conclusions based on various types of quantitative information.▪ Performed corporate valuations through the use of discounted cash flow analysis, capitalization of earnings, comparable companies and merger and acquisition transactions. ▪ Applied economic analysis to damages issues in complex commercial disputes, including patent infringement, breach of contract, lost profits, and reasonable royalty damages.▪ Developed financial models, performed financial, economic and industry analyses, and created presentations and reports for clients and senior management in a wide variety of industries.

As a senior consultant with Booz Allen Hamilton, I worked as a pricing analyst providing support to senior level management. Responsibilities assumed as a pricing analyst included the following: ▪ Participated in the strategic development and analysis of procurement strategies while ensuring compliance with firm estimating systems.▪ Provided pricing support for simple and complex cost proposals. ▪ Designed, and developed cost models and cost proposals while providing guidance to clients on all aspects of the proposal process, including market and wage analysis, RFP analysis, disclosure and compliance issues, pricing strategies, and business risks.

As an analyst at SRR in the ESOP and ERISA Advisory Services Group, I gained experience in the valuation of business interests in both private and public corporations. Responsibilities assumed and experience acquired as an analyst at SRR included the following:▪ Performed business valuations of private and public companies, with an emphasis on Employee Stock Ownership Plans (ESOPs) and performed analyses related to ESOP security formation and transactions, determination of fairness and adequate consideration and annual employer security valuation updates.▪ Provided business valuation and financial advisory services to public and private enterprises.▪ Interacted with clients and senior management on a daily basis to complete projects efficiently and in a timely manner.

Mba, Corporate Finance And Investment & Financial Services Management

B.S., Finance