TOKYO, 31 August 2015 – PricewaterhouseCoopers Co., Ltd., (Head Office: Chuo-ku, Tokyo, CEO: Shigeru Shiina) announced that today it has created a “Global Business Recovery Team” (“Team”) within its Deal Advisory practice, which assists with mergers and acquisitions as well as business recovery and restructuring. The Team will advise Japanese corporations on turning around their foreign subsidiaries and operations.
While leveraging the expertise that this practice has amassed over the past decade to bolster performances, the Team will also draw on robust strategic thinking and financial expertise amassed through close collaboration with each entity of PwC Japan. The Team will make full use of the response capabilities of the global network of PwC locations to support the recovery of overseas businesses.
Domestic companies, regardless of size and industry, are actively expanding their businesses overseas seeking growth opportunities. Foreign markets are attractive as a base for production and sales, but can pose diverse difficulties. In one case, a factory that has just made inroads into a foreign market is facing troubles due to quality of goods and labor management. In another case the performance of an overseas subsidiary was found to be seriously distressed since it was incorporated into a Japanese corporation through a large acquisition. A large number of governance related issues, including illegal acts of overseas subsidiaries, are also becoming apparent. An increasing amount of such demands from clients led to the establishment of the Team.
Team professionals will visit the relevant overseas business sites to thoroughly identify and help resolve issues. They will assess mid to long-term businesses and competitive environments, quantify business prospects, and compare alternatives in formulating improvement plans. The team will then work closely with clients and their subsidiaries and help them deploy measures and deliver the results they seek.