Dr. Anke Nestler

Dr. Anke Nestler has more than 20 years of experience in the valuation of companies with a special focus on the valuation of intangibles, such as trademarks, know-how, patents and software. Anke has a strong focus on litigation work regarding the quantification of damages at German courts and at international arbitration tribunals.

Anke advises national and international clients from various industries concerning valuation issues such as IDW S 1 expert opinions required in German corporate law transactions for the compensation of minority shares (in squeeze-outs or mergers) or in shareholder disputes. Anke has a proven expertise in the valuation of IP and appropriate licensing of intangibles in contentious and non-contentious contexts as well as in tax litigations. She is often involved in complex valuations of patent portfolios and has specific expertise in Fair, Reasonable and Non-discriminatory (“FRAND”) licensing.

As a publicly appointed and sworn expert, Anke regularly prepares expert opinions for clients and for courts and arbitration. She is also a Certified Licensing Professional (“CLP”) and a Certified Valuation Analyst (“CVA”). After graduating with an M.B.A. from the University of Passau, she received her Ph.D. in Business Studies from the Technical University of Berlin.

Anke joined FTI Consulting after 15 years as Managing Partner of VALNES Corporate Finance, a specialized valuation boutique. Previously, she worked in the corporate finance department of a Big Four audit firm and in the corporate finance segment of a "Magic Circle" law firm in Frankfurt.

Anke is regularly recommended by Who’s Who Legal in Germany as Consulting Expert for Quantum of Damages, Arbitration Expert Witness and Corporate Tax Expert Witness. She is a member of the Board of the Licensing Executive Society in Germany, Chair of the IP Valuation Working Group and member of the international IP Valuation Committee at LES International. Besides her experience as a valuation expert, Anke is a Deputy Chairwomen of the Supervisory Board of Medios AG and Deputy Chairwoman of the Supervisory Board of GK Software SE. She regularly publishes professional articles on valuation issues and is a recognised speaker at professional events as well as a lecturer at the Frankfurt School of Finance and Management.

Published Works:

• “InterDigital vs. Lenovo: FRAND Lizenz-Urteil in UK gibt erneuten Impuls für deutsche Fälle“ [Discussion of the latest FRAND-decision in the UK: Interdigital vs Lenovo from a German perspective], GRURPrax, 2023
• “Wie erzeugen Daten einen wirtschaftlichen Wert? Grundlagen für Bewertungsmodelle“ [How does Data create Economic Value? Foundations for Valuation Models], Les Nouvelles, 2022
• “Rezension: Intangibles – Immaterielle Werte“ [Review of Intangibles – Immaterielle Werte], Miteilungen der Deutschen Patentanwälte, 2022
• “Patentbewertung” [Valuation of patents], Handbuch des Patentrechts, 2nd edition, 2020
• “Data as Assets – die finanzielle Bewertung von Knowhow“ [Data as Assets – the financial valuation of know-how], DGRI Yearbook 2018, 2019
• WpÜG – Wertpapiererwerbs- und Übernahmegesetz – Berliner Kommentar [WpÜG – Securities Acquisition and Takeover Act – Berlin Commentary], 3rd and 4th edition, 2013 and 2019
• “EU-Richtlinie zum Know-how-Schutz: Quantifizierung des Schadensersatzes“ [EU Directive on the Protection of Know-How: Quantification of Damages], GRUR Prax, 2018
• “Die finanzorientierte Bewertung von Software“ [The financial valuation of software], M&A REVIEW, 2017
• “BDU-Grundsätze ordnungsgemäßer Markenbewertung – welcher „Wertbeitrag“ ist für die Bewertungspraxis zu erwarten?“ [BDU principles of appropriate brand valuation – which "value contribution" can be expected for valuation practice?], Betriebs-Berater, 2016
• “Compensation payments in case of brand infringements – an economic point of view,” Trademark Reporter, 2016