Tax mergers and acquisitions (M&A)
Overview
We work side by side with your team. By connecting specialists from our Deals and International Tax practices, we provide joined‑up support and clear answers at every stage of your deal. We also bring an integrated due diligence team spanning tax, legal, financial, commercial, HR, IT and other key workstreams.
Our Tax M&A team blends deep local insight in Thailand with global experience. We support Thai companies, multinationals and private equity investors on domestic and cross‑border transactions.
From strategy and valuation to tax structuring, integration and divestiture, we focus on practical, timely advice that fits the commercial realities of your deal—locally and globally.
Our goal is simple: help you create, protect and realise value from your transaction.
One stop—one solution
Deal strategy
- Market research and analysis, to generate a ‘factbook’ on tax and legal issues in the target market to support strategic decision-making
- Market entry, to analyse entry options and validate transaction hypotheses or strategies, covering entry issues from tax and legal perspectives (e.g. foreign ownership restrictions)
- Operating model and business case development, to pull together a full picture of the taxes impacting the commercial, operational, and financial profile of your venture
- Feasibility study, to evaluate taxes impacting the economic return of the project to help support the go/ no-go decision on investment
Corporate finance
- M&A advisory, to provide support on tax matters relating to the transaction execution, covering all aspects of acquisitions, disposals, private equity transactions, and fund raising, including:
- Deal structuring
- Funding structure
- Deal documentation and coordination with other advisers (e.g. lawyers, due diligence providers).
Valuations
- Valuation and deal pricing support, to provide input on tax matters affecting the estimate of fair market value. This includes taxes on the realisation of value.
- Financial modelling, providing input on tax assumptions affecting cash flows
- Purchase price allocation for financial reporting, to identify tax outcomes of the purchase price allocation including VAT and withholding tax consequences, as well as the tax implications of attributing value to intangible assets
Acquisition due diligence
- Tax due diligence and share deal structuring, to uncover hidden tax exposures, to align transaction structure, and to enhance tax efficiency through capital and debt and equity financing structures, through to interest and dividend repatriation
- Asset deal structuring to advise on the tax consequences of the transaction, including the tax implications of the purchase price allocation and buyer tax compliance
- Operational due diligence, review operational model and taxes impacting the supply chain; review and report on the tax internal control environment and functions
Deal closing and integration
- Structuring, to identify opportunities for structural and operational business combinations and advise on tax consequences, risks, and compliance requirements
- Transaction agreement advisory, to advise on tax, representations and warranties, tax indemnities, the tax implications of the purchase price structure, and tax implications of other transaction documents such as transitional services agreements, etc.
- Post-integration operations, to advise on tax matters affecting the post-integration operating model
- Tax reporting strategy, policies, and controls, to support the development of the tax function, tax policies, and tax controls.
- Tax warranty/ indemnity support, to help identify and evaluate tax claims under warranties and indemnities.
Business recovery
- Non-performing loans management, to advise onthe tax consequences of the purchase or sale of NPL portfolios including taxes on value realisation and acquisition/ divestment options
- Debt restructuring recovery, to provide input onthe tax consequences of restructuring alternatives for borrowers and lenders, including buy-side and sell-side distressed M&A
Divestiture due diligence and advisory
- Vendor due diligence (VDD), to identify issues and develop responses early in the process. We’ll prepare and organise tax information to link historical results to projections to enhance your ability to defend your projections and valuation
- Vendor assistance (VA), to assist in data room management and responding to enquiries from potential buyers
- Carve-out and separation advisory, to evaluate tax issues affecting exit and transition strategy, including alternative divestment structures.
Capital projects and infrastructure
- Strategy and policy review, to advise government agencies and/ or the private sector on infrastructure planning and execution, including:
- Tax policy
- Investment structuring
- Tax impact on project operations
- Tax and investment incentives
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Tax mergers and acquisitions (M&A)
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