New York, September 25, 2006 - PricewaterhouseCoopers today announced the launch of a U.S.
valuation practice that offers a full range of valuation services. Valuation assessments provide critical
input for a variety of corporate initiatives, including evaluating and structuring transactions; managing
accounting, financial reporting and tax matters; resolving value-related issues surrounding disputes;
and assessing strategic and tactical options that support business decision-making. By finding issues
early and embedding applied valuation skills with financial reporting, tax, strategic and industry
expertise, PwC believes it has created a service for non-audit clients that is truly distinctive in the
market.
PwC has organized its valuation services into two teams. The Transaction Services Accounting and
Valuation Advisory practice offers services that help companies meet financial reporting and tax
valuation requirements, especially those related to M&A transactions. John Glynn, a New York
partner, former SEC professional accounting fellow, and PwC's representative to the Appraisal Issues
Task Force will lead this practice. Mark Haller, a Chicago-based partner and leader of PwC's
Economics and Strategy practice will head the firm's Business Analytics team that offers applied
valuation analysis and advisory services that help companies make business decisions.
"As financial reporting moves to a fair value model, companies must deal with fair value issues every
day, and nowhere are these issues more complex than when companies do deals", Glynn noted. "By
getting involved early and considering a company's clearly defined business needs and goals, we help
clients get valuation right the first time, and think through the financial reporting and tax consequences
of transactions and other initiatives. We can offer this because our practice brings together
professionals with technical accounting, tax and valuation expertise."
In describing his part of the practice, Haller notes that his team specializes in analyses that help
companies make better business decisions. "We apply analytical approaches often dependent on
value assessment and relative value modeling to help our clients to make important choices on
strategic and tactical matters. Our work adds quantitative support that refines and sometimes even
can alter a client's assumptions on issues such as new market entry and competitive threats, dispute
resolution, changing and emerging business models, internal investment choices, product pricing,
product rationalization and extension, and customer value assessment. Our rigorous analysis
produces the detailed information companies need to make important decisions with greater speed."
With the U.S. launch, PwC can deliver valuation services worldwide through a team of over 1,550
dedicated valuation professionals.
About PricewaterhouseCoopers
The Transaction Services group of PricewaterhouseCoopers (
www.pwc.com/ustransactionservices)
offers a deal process that helps clients bid smarter, close faster, and realize profits sooner on mergers,
acquisitions, sales and financing transactions. Dedicated deal teams operate from 16 U.S. cities and
126 locations in North America, Latin America, Europe and Asia.
Business Analytics is part of PricewaterhouseCoopers Advisory (
www.pwc.com/advisory) which brings
together experienced, credentialed valuation specialists along with a broader group of quantitatively
trained, strategically savvy, and industry focused professionals who help clients execute strategy and
make decisions on important issues, supported by hard facts and insightful analysis.
PricewaterhouseCoopers (
www.pwc.com) provides industry-focused assurance, tax and advisory
services to build public trust and enhance value for its clients and their stakeholders. More than
130,000 people in 148 countries across our network share their thinking, experience and solutions to
develop fresh perspectives and practical advice.
“PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers
International Limited, each of which is a separate and independent legal entity.
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