New hires and partner admissions signify growth in market share and increased demand for deal capabilities from strategy through execution
NEW YORK, June 19, 2013 – PwC US today announced that its U.S. Deals practice has grown to nearly 1,600 professionals, a 12 percent increase, reflecting the firm’s depth and breadth of skilled professionals focused on assisting clients with strategic merger and acquisition (M&A) and capital raising efforts.
“As businesses seek to capitalize on the current economic climate and succeed in a highly competitive deal environment, we continue to invest in our Deals team to help clients make better business decisions on their transactions and help them focus on the right deals at the right time,” said Martyn Curragh, PwC’s U.S. Deals Leader. “Our Deals business has continued to grow amid the restrained M&A environment, showcasing dealmakers’ need for support across industries in helping them with strategic acquisition, divestiture and capital raising objectives.”
PwC has also admitted 17 Deals professionals into the firm’s partnership and promoted four managing directors, representing the firm’s continued focus on strengthening the team with experienced professionals who deliver high quality services to both corporate and private equity clients across the entire deal process. Globally, there are more than 13,000 Deals professionals across the PwC network.
"Today's highly competitive deal environment demands that buyers bring industry knowledge and operational experience into the deal process," said Tim Hartnett, PwC’s Global and U.S. Private Equity Leader. "The breadth and depth of our growing Deals team, which draws M&A professionals from across PwC, coupled with talented professionals from PwC's recent acquisitions, strengthens our core ability to help organizations achieve growth and maintain competitive advantage, while reducing uncertainty from the deal process."
“The continued growth of our practice demonstrates PwC's commitment to delivering quality and insight to meet the needs of our clients, across all aspects of their transactions, from strategy through execution,” added Curragh.
For more information, visit www.pwc.com/us/deals.
PwC’s Deals practitioners help corporate and private equity executives navigate transactions to increase value and returns. In today's increasingly daunting economic and regulatory environment, our experienced M&A specialists assist clients on a range of transactions from smaller and mid-sized deals to the most complex transactions, including domestic and cross-border acquisitions, divestitures and spin-offs, capital events such as IPOs and debt offerings, and bankruptcies and other business reorganizations. We help clients with strategic planning around their growth and investment agendas and advise on business-wide risks and value drivers in their transactions for more empowered negotiations, decision-making and execution. We help clients expedite their deals, reduce their risks, capture and deliver value to their stakeholders and quickly return to business as usual. Our local and global deal strength is derived from our deal professionals in 35 cities in the U.S. and across a global network of firms in 75 countries. In addition, our network firm PwC Corporate Finance provides investment banking services within the U.S. For more information, visit www.pwc.com/us/deals.
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