A transaction is a complex and integrated process with each piece linked to form a whole. On the one hand, there is the value of a company, opportunities and risks, tax aspects and much, much more. On the other hand, there are values such as corporate culture, communication and management style. This is where experience and sensitivity are required in order to evoke interest in everyone involved for the new objectives. PwC assists companies throughout the complete transaction process until successful completion.

Business Due Diligence

Maximum transparency for your investment decision

If you want to successfully invest in other companies, you will need more than just your good instinct. It is important to carefully examine whether the target company can deliver what it promises at first glance.

What we do for you:

  • We identify and assess all KPIs. We thoroughly examine the strategy, business model, competitiveness, forecasts and financial situation of the target
  • Efficient communication is ensured by one point of contact. The various specialists work hand in hand and create a joint report
  • Based on factual information and evaluations, we advise you objectively on the suitability and fit of the target company in relation to your goals

Tax structuring of transactions

Structuring the acquisition in the most tax-efficient way

Among the essential elements of a successful transaction are the design and implementation of an optimal acquisition structure, the tax-efficient structuring of acquisition financing, and the adequate consideration of tax accounting implications.

What we do for you:

  • Tailored, business-oriented definition and tax optimisation of the legal acquisition structure – suited to your integration strategy
  • Minimisation of tax-related transaction costs
  • Targeted carry-over of the results of the tax due diligence into the acquisition agreement and assurance that complex structures are correctly implemented in the transaction documents

Delivering Deal Value

Identifying and efficiently leveraging value growth potential while reducing risks

To make an acquisition successful, it is important to understand the operations and key value drivers of a business before acquiring it. Only then can the value growth potential, the risks and the operationally necessary measures for leveraging the identified potential and dealing with the risks be correctly assessed, planned and implemented.

What we do for you:

  • Integrated and comprehensive support for your acquisition from preparation to exit
  • Reliable assessment of risks and value growth potential based on industry and functional expertise
  • Integrated planning and implementation, as well as project management for the reliable and efficient realisation of your investment success

Private Equity Legal Advice

Making investments legally secure from deal to exit

Investors face complex legal, tax, contractual and regulatory requirements and need practical strategies and solutions. They must start by identifying and performing precise analyses of legal risks on the part of the target company.

What we do for you:

  • We conduct legal due diligence of the target company
  • We prepare the contract documentation and negotiate with the sellers and their advisors
  • We support post-acquisition or crisis-induced restructuring measures at the level of the portfolio company, as well as refinancing, add-on acquisitions and divestments

Human Resource Services

Factoring human capital into transactions

It is often the case with transactions that strategic success falls short of original expectations. In most cases, the investor limits its focus to purely financial considerations that do not sufficiently take into account the human factor. However, for a transaction to be successful, it is essential to fully include the human capital of the target company in the business valuation – because companies are ultimately made up of people.

What we do for you:

  • Coordination of all – including, where appropriate, cross-border – personnel issues through a single point of contact
  • Assessment of human capital for business valuation purposes, calculation of any restructuring costs
  • Assessment of the impact of restructuring on employee strength and morale, review of the feasibility of staff cost-cutting measures and assessment of the time required for that purpose

Contact us

Steve Roberts

Steve Roberts

Partner, PE Leader Germany & EMEA, PwC Germany

Tel: +49 69 9585-1950

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