Principals

Paul G. DiFilippo, CFA
President & Managing Director

Paul founded and is President of DiFilippo Corporate Finance Group, Inc.  Previously, Paul was the Partner in Charge of Business Valuations for Caturano and Company, P.C., a Top 40 national accounting firm and the 5th largest accounting firm in New England. Paul has 19 years of experience with a specialization in transactions and valuation services including valuation of equity securities, including common stock and preferred stock, derivative instruments, intangible assets and debt securities. Paul has performed these valuations for mergers and acquisitions, financial reporting, tax, joint ventures, financing, and litigation support purposes. Paul has extensive experience in working in merger & acquisition related engagements, where he has led buy side advisory teams on transactions ranging from $10 million to multi-billion dollar transactions. His services in this area include valuation of the business enterprise of target companies, creating accretion/dilution models to assess EPS effects of various transaction structures and purchase price scenarios, performing FASB ASC 805 purchase price allocations, measuring the effects of synergies/dissynergy, carve-out transactions.
 
Paul’s financial reporting experience includes assignments for FASB ASC 805 purchase price allocations, FASB ASC 350 Goodwill Impairment and FASB ASC 360 Long Lived Asset Impairment testing, FASB ASC 718 valuation of stock based compensation, derivative and fixed income valuation. He also works closely with venture capital portfolio companies on a variety of corporate finance issues, including common vs. preferred stock valuation, cheap stock issues, and intellectual property valuations. In the area of tax compliance, Paul has provided clients with legal entity valuations related to international tax restructuring projects, foreign subsidiary valuations, C-Corp to S-Corp conversions, and gift and estate purposes. Other tax compliance services include valuations for intellectual property transfers, non-compete valuation (IRC 280g), Net Operating Loss Limitations and built-in gains, and valuation of securities issued as equity compensation to employees (e.g. IRC 409A).
 
Prior to joining Caturano and Company, Paul was a senior director and valuation services market leader for the New England region of Kroll. His career includes serving as a senior manager in Ernst & Young’s transaction advisory services practice and Andersen’s global corporate finance practice.
 
Educational Background
Chartered Financial Analyst (CFA) 

Merrimack College: Bachelor of Science degree in Business Administration with a Concentration in Finance and Accounting

Professional Organizations/Affiliations

American Institute of Certified Public Accountants

CFA Institute
Boston Security Analysts Society