Acquisitions Monthly named PricewaterhouseCoopers as the due diligence advisor of the year for 2008.
Only 20% of mergers and acquisitions increase shareholder value. The main reason is a lack of process. From the first handshake to the last, no one brings more innovative thinking to the table than our Transaction Services professionals, who are able to discover and quantify hidden value in every aspect of a deal.
PricewaterhouseCoopers' Transaction Services practice helps companies to make acquisitions, divestments and strategic alliances. Our team is organised on a global basis to provide our clients with complete international coverage and worldwide industry knowledge. Our team works on thousands of deals around the world every year, helping clients evaluate every M&A decision point.
If this is your situation
- You would like to analyse strategies of investment in Russia (in particular, taxation of dividends, capital gains and borrowings)
- You are participating in a tender to buy a business
- You are planning to execute financial and tax due diligence of a target company
- You need support with negotiating the sale and purchase contract for the proposed acquisition of the business
- You are interested in finding reasons for a purchase price adjustment
- You need to have the deal tax structured
- You want to evaluate the attractiveness of a potential market or a target’s capabilities and competitive position
- You need to analyse a business plan’s feasibility, including risks, sensitivities and potential upsides
- You want to assess the synergy potential of a transaction
- You are ready to examine growth opportunities in the regions, including appropriate expansion strategies.
How we can help you
Financial due diligence
Financial due diligence looks at the past trading experience of a company to form a view of the future and confirms that there are no prima facie errors. The components of the service include:
- Profit and loss and balance sheet due diligence
- Maintainable earnings analysis
- Future cash flows consideration.
Our services are dedicated to both corporate and financial investors.
Commercial due diligence and operational due diligence
The Transaction Strategy Group is a network of about 400 professionals around the globe. We investigate business situations all over the world, leveraging experience in a wide variety of industries. We advise clients across the deal continuum – from market entry, commercial and operational due diligence, to post-deal business planning, synergy realisation and growth strategies.
Commercial due diligence and operational due diligence:
- Market and competitor analysis
- Customer referencing
- Operational and capability assessment
- Projections review
- Synergy analysis
Divestment services — vendor due diligence
Vendor due diligence is commissioned by the vendor at the beginning of the sale process. The vendor due diligence report is made available to all bidders and relied upon by the eventual acquirer. Our professionals provide vendors with an independent view of the business, encompassing its performance and prospects. Overall, vendor due diligence provides vendors with greater control over the sale process and the timing of the sale—which can, in turn, help secure a higher price for the business.
Tax due diligence
Working closely with our Tax M&A team, we can provide a detailed review and analysis of your target company's tax position. The tax due diligence comprises an analysis of:
- Tax compliance
- Tax contingencies and positions
- Transfer pricing
- Identification of risk areas
- Tax planning and opportunities.
Our focus is on purchase price issues and purchase agreement considerations.
Tax structuring
We can conduct a review to identify the most tax efficient structure and the optimal acquisition/transformation scenario, which includes cross-border implications and is tailored to meet your needs. We can also provide you with a strategy regarding preacquisition or disposal reorganisations, purchase price structuring, and a review of the tax efficiency of the financing structures—including jurisdiction over financing vehicles, and financial modelling of the tax impact on your business.
