Engagement summary
Client Background
Cadence Education is one of the largest private providers of early-childhood education in North America, operating 300+ schools across the U.S. and Canada.
Engagement Scope
R&M provides Cadence with focused technical-accounting support on equity compensation and debt instruments. R&M built and continues to maintain the profit-interest-unit expense database and authored the FY 2025 debt analysis memo under ASC 470-50.
Services Provided
- ASC 718 profit interest unit expense database
- FY 2025 PIU database update
- ASC 470-50 debt analysis
- Ongoing equity compensation consulting
Valuation context
Cadence Education engaged Rivers & Moorehead for independent valuation support under the standard(s) listed above. The engagement provides valuation analyses, supporting models, and written deliverables intended to assist the company and its external auditors with financial reporting under U.S. GAAP.
Valuation scope
- ASC 718 equity-based compensation valuation – grant-date fair value of stock options, restricted stock, profit interest units, or performance-based awards using Black-Scholes, lattice, or Monte Carlo models as award terms require; supporting documentation for audit.
- ASC 805 purchase price allocation – identification and fair value measurement of acquired identifiable intangible assets (e.g., customer relationships, trade names, developed technology, non-compete agreements), tangible assets, and assumed liabilities, with residual goodwill calculation and opening balance sheet support.