PricewaterhouseCoopers Co., Ltd. sets up “Global Business Recovery Team” for Japanese corporations

31 August 2015
PricewaterhouseCoopers Co., Ltd.

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.

Outline of the Global Business Recovery Team

Key services will include the following:

  • Status assessments, issue identification and solution reviews
  • Business strategy and growth strategy reviews
  • Business plan development and policy implementation support
  • Support for business and cash flow advancement
  • Restructuring and integration support
  • Forensic investigations
  • Governance & recapitalization support, etc.

Leader:

Osamu Kurata, Partner, Leader of Business Recovery Services,
PricewaterhouseCoopers Co., Ltd.

Team:

Approximately 70 professionals
(Deal Advisory practice members, mainly from Business Recovery Services team & Delivering Deal Value team)

The Global Business Recovery Team will collaborate with other firms of PwC Japan such as PricewaterhouseCoopers Aarata and PwC Tax Japan, leveraging their accounting and tax knowhow, as well as cooperating with PwC’s global network covering 157 countries worldwide to respond to each client’s needs.

Ends

About PricewaterhouseCoopers Co., Ltd.

PricewaterhouseCoopers Co., Ltd. is one of the largest consulting firms in Japan, providing deal advisory and business consulting services. The Deal Advisory group, specializing in M&A and business recovery & restructuring, and the Consulting group, engaging in comprehensive services from planning to execution of management strategies, combine their expertise to provide our clients with optimal solutions. By making the most of PwC(PricewaterhouseCoopers)' global network, including the advisory services of our approximately 1,500 professionals, our clients have the support of over 195,000 people in 157 countries to help them solve their management issues.

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About PwC Japan

PwC Japan represents the member firms of the PwC global network in Japan and their subsidiaries (including PricewaterhouseCoopers Aarata, PricewaterhouseCoopers Co., Ltd., PwC Tax Japan). Each firm of PwC Japan undertakes its business as an independent and separate corporate entity. To address complex and diversified business challenges, PwC Japan consolidates expertise of assurance, deal advisory, consulting, tax and legal services as well as enhances its structure in order to cooperate organically. As a professional service network with a total number of more than 4,000 partners and staff, PwC Japan provides quality client services to meet their needs and expectations.

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About PwC

PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 195,000 people who are committed to delivering quality in assurance, tax and advisory services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

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