Richard Norris

Dispute valuation specialist
Former KPMG and Deloitte advisor
Fellow of the Institute of Chartered Accountants and Member of Business Valuation Special Interest Group
BA (Hons), MAppFin, FCA, F Fin


Bachelor of Arts with Honours, University of Exeter
Institute of Chartered Accountants in England and Wales
Masters of Applied Finance, Securities Institute of Australia (now FINSIA)
Accredited expert witness, Royal Institute of Chartered Surveyors (RICS)

Professional Memberships

Fellow of the Institute of Chartered Accountants in England and Wales
Fellow of the Financial Services Institute of Australasia

Experience Overview

Richard joined Leadenhall in 2011 to lead our New South Wales practice. He has 16 years of financial services experience, including ten years focussed on the valuation of businesses and companies. After qualifying as a Chartered Accountant with KPMG in the UK, Richard moved to Sydney and joined the Corporate Finance team at Deloitte. Richard’s specialist knowledge includes the preparation of IERs, valuations for M&As and for taxation and financial reporting purposes, financial modelling, the provision of corporate advice in relation to proposed business transactions, and valuation advice in relation to disputes or litigation.

Independent Expert Reports

Richard has led the preparation of numerous IERs for related party takeover offers and schemes, acquisitions and disposals of substantial assets, shareholders acquiring a greater than 20% interest, and voluntary responses to takeover offers, including:
Excel Coal – $2.4bn takeover offer from Peabody
ICAA & NZICA – proposed merger of accounting bodies

K&S – related party acquisition of fellow logistics company Scott Corp
Namoi Cotton – proposed marketing joint venture with Louis Dreyfus
Two Way – acquisition of Donaco, a Vietnamese casino operator
UNiTAB – $2bn merger with Tattersalls
United Energy – $1.3bn takeover offer from Power Partners
Numerous property trusts

Litigation Support

Expert opinion on the valuation of an early stage hedge fund business
Expert opinion regarding the allocation of $1.8bn between two industrial services businesses
Expert opinion on the accuracy of an Independent Expert’s Report for a related party transaction undertaken by a listed entity
An independent valuation opinion about a significant (but non-controlling) stake in one part of a stapled security

Financial Reporting

PPAs and intangible asset valuations for FlexiGroup, Macquarie Bank, Peoplebank and STW
Valuation of share based payments for Hills, Mayne Pharma and Stockland
Impairment testing and discount rate advice for ASX Top 50 clients
Author of ‘Audit committee guide to impairment’

Tax Support

Richard has prepared valuations for capital gains tax, income tax and stamp duty purposes for clients such as:
Australian Taxation Office
Carl Zeiss
Macquarie Bank

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