We are pleased to announce that with effect from 1 October 2006 all the partners and staff of PwC Transaction Services Inc., a subsidiary of Misuzu Audit Corporation, transferred to PwC Advisory. The transfer of approximately 80 experienced transaction advisory professionals has led to a significant enhancement in PwC AdvisoryLs ability to provide high quality services to our clients.
The timing is also most opportune. Recently we have witnessed significant activity in the M&A market combined with changes to M&A related accounting policies and the diversification of transaction methodologies in the light of developments in company law. This has led to an increase in the demand for specialist and expert advice in the M&A field. With over 200 professionals, PwC Advisory is now even better placed to meet the needs of our clients.
PwC Advisory Co., Ltd.