Transactions and Restructuring. kpmg.cz
|
|
- Winfred Jenkins
- 8 years ago
- Views:
Transcription
1 Transactions and Restructuring kpmg.cz
2 Contents Corporate Finance 08 Mergers, Acquisitions and Disposals 08 Valuations, Fairness Opinions and Appraisals 10 Financing 12 Debt Raising 13 Restructuring 14 Transaction Services 16 Buyer Due Diligence 16 Vendor Due Diligence 18 Contract Assistance 20 Completion Accounts and Price Adjustments 21 Strategic and Commercial Intelligence 21 Contacts 22
3 Transactions and Restructuring
4 Transactions and Restructuring We are the No. 1 Financial Advisor in M&A for 2013, 2012 and 2011 in the Czech Republic (source: Mergermarket). In 2013 we acted as advisors in seven transactions with a combined value of USD 2,513 million, in 2012 in nine transactions with a combined value of USD 200 million, and in 2011 in 14 transactions with a combined value of USD 439 million. Over the last six years we have held a top-two position among advisors in the number of deals completed globally on the middle market (according to Thomson Financial Securities Data). You will gain impartial advice independent of financing sources. We can provide you with high-quality transaction strategies, from inception through to successfully completed negotiations. You can take advantage of our blend of local knowledge and global resources. KPMG in the Czech Republic is part of the KPMG global network of professional firms which enables our dedicated professionals to cooperate with more than 1,000 experts in over 50 countries. 4 Management Transactions and Consulting Restructuring
5 Transactions Management and Restructuring Consulting 5
6 Transactions and Restructuring Our business is focused on continually enhancing value for you across the deal, and economic cycle. We have specialists capable of helping you from the conceptual idea of buying a business, right through to turning your business around in times of difficulty. We can offer you our know-how our experience across the deal cycle, and unique access to what is happening right at the heart of the key sectors. These insights enable us to provide high-quality advisory services, and deliver great added value. 46 Management Transactions and Consulting Restructuring
7 Transactions Management and Restructuring Consulting 75
8 Corporate Finance Mergers, Acquisitions and Disposals Do you wish to expand in your current market or enter new markets? Are you searching for new business opportunities? Do you wish to diversify? We can assist you in achieving a successful transaction and increasing your potential. Do you wish to divest non-core or underperforming subsidiaries? Would you like to raise funds to pay off debts or fund future growth? Have you received an unsolicited but nevertheless attractive offer for your business? Do you wish to realise the return on your investment through divestiture? We can assist you in achieving the best possible terms. Mergers and Acquisitions Our professionals can: Assist you in setting acquisition criteria including a strategic review and competitor analysis of your sector Identify and research key targets locally and/or internationally Liaise with potential targets Prepare a valuation of the investment opportunity Assist you with transaction structuring Advise you on deal negotiations and financing be that debt, equity or other more complex instruments Supervise due diligence, legal and other issues to work towards a successful completion 8 Transactions and Restructuring
9 Disposals Our professionals can: Assist you in the development of a sales strategy, establishing price expectations and valuation parameters Involve tax- and industry-focused professionals to assist in developing the most beneficial environment for the sale Identify, research and assess prospective purchasers in your sector Draft the disposal sales information memorandum What our services bring: Support of dedicated professionals with a strong local presence coupled with a powerful global KPMG network of professional firms Access to extensive knowledge and experience that will help us make a difference in your transaction A hands-on practical approach, creative thinking and professionalism Cooperation throughout the whole transaction from inception to completion of the negotiations Market the business Evaluate offers and assist you with negotiations Help you draft contracts and guide the transaction through to closure Transactions and Restructuring 9
10 Corporate Finance Valuations, Fairness Opinions and Appraisals We recognise that a valuation is more than just a numbers exercise. We spend time working to understand the business dynamics and its key value drivers. We draw on extensive experience and apply relevant valuation methodologies. We combine this with our deep sector knowledge and benchmarking analyses to offer value-added advice. 10 Transactions and Restructuring
11 Valuations, Fairness Opinions and Appraisals It is important that boards, shareholders, investors, financiers, transaction counterparties and regulators can rely on the soundness of valuations. We can provide you with valuations that are robust and credible. Our professionals can: Provide independent and objective advice, to determine the right price to pay or accept for a business or other asset Advise joint ventures/alliances on divisions of equity at formation or exit in an independent or advocate role Determine the value of intangible assets or intellectual property such as brands, know-how, trademarks, customer lists, intellectual property rights (IPR) and goodwill for commercial, tax or regulatory reasons, including purchase price allocation (PPA) Perform a post-acquisition assessment of fair value of assets and liabilities in connection with purchase price allocation as required by IFRS 3 Issue a fairness opinion on a transaction to satisfy regulatory requirements or corporate governance concerns Support you in litigation or arbitration, particularly in business valuation disputes Prepare supporting evidence to help raise equity or debt finance Prepare expert reports upon request to meet your requirements What our services bring Technically sound, commercially focused independent valuations for your specific needs Clear and credible valuation reports that transparently set out the reasons for our conclusions Valuations for the purpose of compliance with Czech legal requirements, as KPMG in the Czech Republic is qualified as an appraiser by the Czech courts Transactions and Restructuring 11
12 Corporate Finance Financing Debt Raising Financing Project Finance Public Private Partnerships (PPPs) We provide independent advice relating to the financing of large projects across all industries in both the private and public sectors. The procurement of major infrastructure projects is complex, highly competitive, costly and time-consuming. The procuring authorities must create a commercial framework for their investment programmes that attracts the interest of high quality international bidders. Bidders must select their targets carefully and then seek to deliver the most competitive tender possible. Our professionals can: Assist you with considerations of lease-versus-buy alternatives Support you with conceptualising, structuring, negotiating and executing PPPs Advise the public sector on competitive tendering for private finance initiatives What our services bring: In-depth knowledge of markets, issues and processes to corporate and government clients on a global basis Extensive practical experience of the commercial issues driving these types of projects Independent advice on the financing of major projects across sectors 12 Transactions and Restructuring Possibility for additional advice on the tax, transaction, accounting and due diligence issues in relation to projects, as well as providing transaction evaluations and model reviews
13 Debt Raising Companies looking to raise new debt capital or refinance existing facilities usually have established relationships in the banking, leasing and capital markets. The key issue for companies is not finding advice on raising money there are plenty of lenders offering free advice on their own products. What companies need is independent advice. They need to know their full range of options and how to achieve financing structures that meet their strategic and operational objectives. Our role can vary from pure documentation support to full process management. What our services bring: Clear analysis of the options and their impact Advice which is objective and independent of the providers of capital Enhancement of the decision-making process associated with securing financing solutions Long-term experience, detailed product knowledge and extensive contacts in relevant markets Our professionals can: Develop tailor-made financing strategies and an appropriate market approach Assist in financial planning/modelling with the goal of presenting your financial situation and future financial development in detail to external financing partners Identify and select appropriate financing partners Prepare high-quality management presentations Structure and design efficient financing agreements and draft credit term sheets Negotiate term sheet details Provide support for covenant waiver negotiations and full debt restructurings including state aid if appropriate Review and negotiate alternative financing options to help meet the desired financing goal Transactions and Restructuring 13
14 Restructuring Growth I need a strategy for growth Client issues M&A valuations I need to deliver synergies and integrate Due diligence I need to acquire at the right price structure deal I need to align the cost base with failing values Integration I need to substantially restructure the business model and operating model Strategy Restructuring Recession M&A valuations 14 Transactions and Restructuring Value propositions
15 Our restructuring services include financial and operational restructuring Restructuring We focus on working with distressed companies: companies with deteriorating cash flows, loss making, having excessive liabilities or underperforming compared to their peer group. The timely involvement of our restructuring professionals in the process facilitates the saving of company value and increased returns to relevant stakeholders. Our restructuring services focus on two broad areas of work: Financial restructuring (debt restructuring, refinancing, negotiations support, etc.) Operational restructuring (such as restructuring planning and implementation, cash and working capital management, exit strategies) The client could be the company (or its owners), creditors, regulators or other stakeholders. Our work may concern both the company as a whole or its particular non-core or underperforming assets. The nature and mix of services will depend on the particular circumstances. Some of the typical services provided by our professionals include: Initial assessment to determine the most pressing issues, initiate stabilisation activities and plan further analysis and restructuring Strategic, financial and operational review, independent business review for lenders Assistance in initial stabilisation and crisis management Cash management Assistance in the preparation of a robust operational and financial restructuring plan Contingency planning for situations in which the key milestones in the restructuring plan are not achieved within the anticipated timeframe Negotiation assistance acting for creditors or the debtor Assistance in implementing the chosen strategy Transaction centric view of the economic cycle I want to sell non-core assets I have to conduct IBR (independent business review) I need to avoid insolvency I want a transformational growth strategy I want to make a series of acquisitions I need more capital Sell side M&A Valuations Vendor assistance Due diligence and separation I need to make disposals I need to refinance M&A Debt finance and due diligence Time Transformational growth strategy Insolvency advice Due diligence Transactions and Restructuring 15
16 16 Section or Brochure name Transaction Services Even in challenging economic times, business leaders need to consider transactions as a means of renewing and transforming their enterprises. High quality, professional advice assists you in completing successful transactions that can result from clear-eyed analysis, strategic focus and disciplined execution. This is where our professionals can make a difference. We can help you assess, plan and manage major transactions. Our services include: Buyer due diligence Vendor due diligence, financial data book, data room assistance Contract assistance Completion accounts and price adjustments Strategic commercial intelligence Buyer Due Diligence Buyer Due Diligence To help ensure the success of an acquisition, it is imperative that an appropriate evaluation of the risks and benefits of the proposed transaction is undertaken. Our team comprises dedicated professionals that have undertaken financial and commercial investigations (often referred to as due diligence) on targets across all industry sectors, to uncover such information on behalf of potential buyers. Our due diligence experience ranges from small local targets to many of the largest companies in the market. Our approach and track record has enabled us to advise on a majority of the largest transactions that have been completed to date in the Czech Republic. The financial due diligence process involves gathering, analysing and interpreting financial information. This is often performed in a phased approach depending on the transaction timetable and the availability of information from the target. Each investigation is unique and, together with the client, we aim to tailor the scope of our investigation to the target concerned. A typical investigation may cover past and current trading patterns, financial projections, products and market, customer base, competitive position, asset management, cash flows, taxation, human resources and accounting and IT systems. 16 Transactions and Restructuring
17 Section or Brochure name 17 Our results typically include the following: Analysis of the strengths and weaknesses of the target business Analysis of the strengths and weaknesses of the proposed transaction itself, including analysis of the key value drivers and expected synergies arising from the transaction Identification of issues that should be addressed in the course of negotiations Our investigation process has been developed over many years to provide you with: Information relevant to the deal that is key for you as potential buyers Reporting tailored to your needs Key issues and recommendations presented in a concise executive summary Mechanisms to achieve adjustments to the purchase price based on our findings Representation and warranties to be included in the share purchase agreement Post-implementation issues Such information is a crucial factor in final negotiations with the seller and helps prevent the discovery of unwanted surprises following acquisition. Transactions and Restructuring 17
18 Transaction Services Vendor Due Diligence 18 Transactions and Restructuring
19 Vendor Due Diligence Vendor-initiated due diligence is where the selling party requests due diligence to be conducted from the viewpoint of the prospective buyer. The findings are made available to all prospective buyers. Vendor-initiated due diligence makes the sale process easier to control and can help fuel competition among the bidders. Vendor due diligence is particularly suitable for use in auctions. Our professionals can produce a vendor due diligence report and make it available to prospective buyers as a basis of information on the company under review. What our services bring: Speeding up the sales process and simplification of contract negotiations Better control of the sales process Early identification of potential problem areas and risks that could present difficulties during the sales process Avoidance or reduction of price discounts that are often demanded on the basis of information risks Several bidders can take part in the procedure and thus help keep costs down Reporting Accountant s Services for Capital Markets We prepare private reports and public reports for inclusion in the IPO prospectus. These vary depending upon the circumstances and the agreed scope, but typically include: Long form report (due diligence) Commentary report and comfort letter on working capital Commentary report and comfort letter on financial reporting procedures Accountant reports for publication in the document on historical financial information and pro forma financial information (if required) Other comfort letters Financial Data Book A financial data book is used to present financial information concise and to the point. It is the job of the company s management to verify that the information presented in the data book is correct. Our professionals can: Prepare all the relevant information on the company in the form of a financial data book. This includes financial, commercial, operational and other information Tailor the financial data book to your needs; financial data books can vary in terms of detail and subject focus (e.g. financial or production/sales related information) Provide you with help in presenting the information in the data book to future investors and their advisors Data Room Assistance Data rooms are used in transactions where the vendor wishes to disclose a large amount of confidential data to proposed bidders, typically during the due diligence process. We can provide you with the support you need to prepare and implement a data room. Our professionals can: Advise you on setting up a data room Identify key information for prospective buyers Establish a virtual or physical data room Advise on a suitable timescale for publishing the information Help in preparing the information for the data room Review the information intended for the data room in terms of correctness and confidentiality prior to release Provide support in running the data room during the sales process What our services bring: Identification of key information for prospective buyers Professional preparation of existing information Professional scheduling of the entire process Transactions and Restructuring 19
20 Transaction Services Contract Assistance Completion Accounts and Price Adjustments Strategic and Commercial Intelligence Contract Assistance Corporate transactions often do not end with the signing of a contract. Follow-up negotiations and even disputes post-contract tie up valuable management resources and divert attention away from the essentials the integration of the acquired asset. Our professionals can: Advise on structuring acquisitions and sales from the financial accounting perspective Help protect against the contractual risks identified during due diligence; we structure the purchase agreement to your financial and economic advantage Apply their considerable know-how in structuring and designing contracts for numerous successful due diligence projects 20 Transactions and Restructuring
21 Completion Accounts and Price Adjustments Completion accounts are the financial statements as at the completion date, which are used as a basis for price adjustments defined in the transaction agreements. Our professionals can: Assist in preparing completion accounts; this assistance is provided with the objective of considering and providing evidence to defend against likely price adjustments from the counterparty following their review of the completion accounts Perform a detailed analysis of information underlying or supporting the completion accounts prepared by the counterparty Identify a range for settlement and assistance with negotiations Determine issues that may be reported with respect to the representations and warranties obtained according to the transaction agreements Strategic and Commercial Intelligence Our strategic and commercial intelligence team supports different services depending on your profile and objectives and how far in the transaction cycle the acquisition has progressed. Our professionals can: Help you understand the strategic, commercial and operational issues in businesses that you acquire Work with you extensively once the deal has been made to integrate the acquired target and secure synergies Assist vendors in preparing businesses for sale and reducing disruption to operations by providing buyers with independent due diligence Perform commercial due diligence and customer referencing Perform operational due diligence and operational upside identification Assess possible synergies Review and model your business plan Develop a market entry strategy and location analysis Provide integration services, including 100-day planning and Day One readiness Transactions and Restructuring 21
22 Contacts Alex Verbeek Jaromír Hořejší Maroš Holodňák Vladimír Velebný Partner in charge of Transactions and Restructuring in the Czech Republic and in Central and Eastern Europe T: E: Director T: E: Director T: E: Senior Manager T: E:
23 Pavel Falout Petr Kostinec Zbyněk Buš Vladimír Veleba Martin Mašát Director T: E: Senior Manager T: E: Director T: E: Senior Manager T: E: Director T: E:
24 The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation KPMG Česká republika, s.r.o., a Czech limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights reserved. The KPMG name, logo and cutting through complexity are registered trademarks or trademarks of KPMG International. The reference to KPMG Czech Republic includes all companies associated with KPMG in the Czech Republic. Designed and produced by KPMG Česká republika, s.r.o. Printed in the Czech Republic January 2014
Meet challenges head on
Meet challenges head on Deal Advisory / Global We can help you master Financial Restructuring. Enhancing value through financial restructuring. / 1 Your vision. Our proven capabilities. Despite its challenges,
More informationServices to Law Firms Working in Partnership With Others
Services to Law Firms Working in partnership with you Contents 3 3 3 5 5 7 7 7 9 9 9 9 About Begbies Traynor Group Why Work With Begbies Traynor Group? International Coverage Restructuring Corporate Insolvency
More informationMergers & Acquisitions. Turnaround & Restructuring. Litigation Support & Expert Testimony. Valuation Services
Turnaround & Restructuring Litigation Support & Expert Testimony Mergers & Acquisitions Valuation Services Turnaround & Restructuring Turnaround & Restructuring Turnaround & Restructuring MCA Financial
More informationBusiness Restructuring & Insolvency Services. Mauritz & Company Management Consulting
Business Restructuring & Insolvency Services Mauritz & Company Management Consulting < 0 > 2. Mauritz & Company Brief introduction. Mauritz & Company is an independent investment banking boutique and management
More informationThe Role of the Financial Advisor in an M&A Transaction. Andrea Foti 23 November, 2015
The Role of the Financial Advisor in an M&A Transaction Andrea Foti 23 November, 2015 My background 1999 Investment Banking (Internship) Rome 2000 Degree in Business Rome 2000 Financial Institution Strategy
More informationSELLING YOUR private BUSINESS
SELLING YOUR private BUSINESS BDO Canada Transaction Advisory Services Inc. A plan for success 2 Selling your business The decision to sell is a difficult one for any business owner. While it s natural
More informationValuation Services. Global Capabilities Delivered Locally KPMG LLP
Valuation Services Global Capabilities Delivered Locally KPMG LLP Today s global environment has elevated the importance of valuations that support financial reporting, tax planning, litigation, and mergers
More informationGrooming Your Business for Sale
PRIVATE COMPANIES Grooming Your Business for Sale Plan for the Future but Be Prepared for the Unexpected KPMG ENTERPRISE 2 Grooming Your Business for Sale Grooming Your Business for Sale Plan for the Future
More informationThe increasing importance of brand and intangibles in industry April 2014
www.pwc.com.cy The increasing importance of brand and intangibles in industry Tony Hadjiloucas Partner tony.hadjiloucas@cy.pwc.com Direct line: +357 25555270 Mobile: +357 99411990 Content Introduction
More information2015 M&A Outlook Survey Report
2015 M&A Outlook Survey Report The Boom is Back: M&A Reemerges as Leading Growth Strategy kpmg.com Foreword M&A in the U.S. has finally reached prerecession levels. Deal value in the first three quarters
More informationFTI Consulting insurance services
INSURANCE SERVICES FTI Consulting insurance services The insurance industry is operating in a complex and dynamic global environment. Low interest rates, the demand on capital and ever-changing regulation
More informationGrowth by acquisition.
Forward thinking Growth by acquisition. A practical guide for owner-managed businesses Acquisitions can be an excellent means of enhancing shareholder value in a privately owned business. However, selecting
More informationDedicated to Private Equity
PRIVATE EQUITY Dedicated to Private Equity A global approach - Luxembourg service offering Why choose KPMG? A focus on what really matters You want people working with you who really understand the challenges
More informationU.S. Inbound Tax Services
TAX U.S. Inbound Tax Helping foreign companies achieve tax-efficiency in their U.S. operations kpmg.com 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network
More informationFINANCIAL DUE DILIGENSE SERVICES
FINANCIAL DUE DILIGENSE SERVICES 2 BDO Kazakhstan OVERVIEW failed transaction or ill-researched business venture can be a costly scenario on many levels. Generally, Adue diligence refers to the care a
More informationTitle here. Services CORPORATE TAX SERVICES EXECUTIVE SERVICES TRANSFER PRICING INVESTMENT INCENTIVES AND OTHER SUBSIDIES INTERNATIONAL TAX
SECTORS AND Tax THEMES Services Title here Additional information kpmg.cz in Univers 45 Light 12pt on 16pt leading kpmg.com TAX OUTSOURCING CORPORATE TAX SERVICES Credits and authors in Univers KPMG 45
More informationDeloitte Malta Financial Advisory Services January 2016. Independent Business Review The Deloitte methodology
Deloitte Malta Financial Advisory Services January 2016 Independent Business Review The Deloitte methodology The Deloitte story Deloitte drives progress. Our firms around the world help clients become
More informationStrategies to Help Vendors Optimize Their Long-term Global Contracts
THE INDUSTRIAL PERSPECTIVE Strategies to Help Vendors Optimize Their Long-term Global Contracts May 2010 KPMG INTERNATIONAL HAVE YOU CONSIDERED ALL THE ISSUES? The following questions may help vendors
More informationManaging supplier failure risk. kpmg.com
Managing supplier failure risk kpmg.com 1 Supplier Failure Risk Management Supplier failure can destroy value in your business The failure of a critical supplier or of a supplier s critical supplier can
More informationMember Brief No 114 Selling a Recruitment Business
Camberley House 1 Portesbery Road Camberley, Surrey GU15 3SZ Tel: 01276 509306 Fax: 01276 761076 Email: info@labourproviders.org.uk Website: www.labourproviders.org.uk March 2013 1. Introduction Member
More informationA buyer can buy either the shares of the company that owns the target business or simply buy the assets which make up that business:
Buying a business This briefing highlights the main legal risks to consider when buying another business or enterprise. A buyer should always take legal advice at the outset of any acquisition. Structuring
More informationRenewable Energy M&A. TJP Advisory & Management Services GmbH
Renewable Energy M&A TJP Advisory & Management Services GmbH Process results Process results Process elements (weeks) Fund raising process 9 7 Structure Contact of potental Investors Letter of Intent Due
More informationBDO Financial Advisory Services Targeting our customer needs. BDO Financial Advisory Services 1
BDO Financial Advisory Services Targeting our customer needs BDO Financial Advisory Services 1 2 BDO Financial Advisory Services OUR PEOPLE EXPERIENCED PROFESSIONALS & RECOGNISED INDUSTRY LEADERS. BDO
More informationWHO WE ARE, WHAT WE DO. The Difference Inside
WHO WE ARE, WHAT WE DO The Difference Inside ABOUT US Nothing matters more to us than our clients. All our energy is focused on giving you exceptional service. That s why we seek out and develop talented,
More informationThis Executive Summary is part of McGladrey s A Guide to Accounting for Business Combinations and should be read in conjunction with that guide.
Executive Summary This Executive Summary is part of McGladrey s A Guide to Accounting for Business Combinations and should be read in conjunction with that guide. Introduction The current guidance on accounting
More informationEXIT PLANNING & TRANSACTION ADVISORY SERVICES
EXIT PLANNING & TRANSACTION ADVISORY SERVICES One day you will sell your business. Are you ready? After dedicating yourself to building your business, you want to make sure all the hard work pays off when
More informationGlobal Leader in Hotel, Tourism & Leisure Consulting. United States and Canada
Global Leader in Hotel, Tourism & Leisure Consulting United States and Canada TM Hotel, Tourism and Leisure Welcome to, the world s number one hospitality consulting network. We are the industry choice;
More informationPreliminary Draft JOB DESCRIPTIONS AND QUALIFICATIONS OF KEY PERSONNEL. XXXXX PPP Unit
Preliminary Draft JOB DESCRIPTIONS AND QUALIFICATIONS OF KEY PERSONNEL XXXXX PPP Unit Chief Executive Officer Job Description: The CEO is tasked with the establishment of a PPP Unit for the Government
More informationReorganising central government. Synergy reporting for Mergers and Acquisitions
Reorganising central government Synergy reporting for Mergers and Acquisitions MARCH 2010 Contents Drawing parallels with the private sector National Audit Office Synergy reporting for Mergers and Acquisitions
More informationBUSINESS CONSULTING & EXIT PLANNING STRATEGIES
BUSINESS CONSULTING & EXIT PLANNING STRATEGIES 455 N. Cityfront Plaza Dr., Suite 2600 Chicago, Illinois 60611-5379 T: F: 312.670.8301 Next Plateau Consulting LLC is a Chicago-based consulting firm dedicated
More informationYour personal legal advisor >
Your personal legal advisor > WE FOCUS ON > Lex Borealis unites lawyers with a rich track record in working for large international law firms, the «Big Four» consultancy companies and in industry, who
More informationWelcome to Alameda Global Consulting
Welcome to Alameda Global Consulting We are a globally operating Management Consulting Business with the following emphases: Strategy Consulting and Strategy Implementation Corporate Finance Mergers &
More informationA PRACTICAL GUIDE TO BUYING AND SELLING A BUSINESS
A PRACTICAL GUIDE TO BUYING AND SELLING A BUSINESS A COURTESY GUIDE PREPARED BY SWAAB ATTORNEYS 2014 Overview of the acquisition process TIMETABLE > Identify target / Invitation to tender > Initial investigation
More informationIndonesia. kpmg.com/id. Contact us. Siddharta & Widjaja Audit Services T: + 62 (0) 21 574 2333 / 574 2888 F: + 62 (0) 21 574 1777 / 574 2777
Contact us Siddharta & Widjaja Audit Services T: + 62 (0) 21 574 2333 / 574 2888 F: + 62 (0) 21 574 1777 / 574 2777 KPMG Advisory Indonesia Tax Services T: + 62 (0) 21 570 4888 F: + 62 (0) 21 570 5888
More informationProcurement Capability Standards
IPAA PROFESSIONAL CAPABILITIES PROJECT Procurement Capability Standards Definition Professional Role Procurement is the process of acquiring goods and/or services. It can include: identifying a procurement
More informationA client guide to business valuation engagements and reports.
A client guide to business valuation engagements and reports. Disclaimer This guide is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting
More informationHow to Maximize the Value When Selling Your Management Company
WHITE PAPER How to Maximize the Value When Selling Your Management Company INSIDE THIS REPORT Rational for Selling Management Company Valuation Acquisition Deal Structure Tips to Optimize Your Exit Value
More informationAdvisory services. Services beyond the audit
Advisory services Services beyond the audit Contents Solutions for a changing accounting landscape...1 Complex accounting advisory...3 Transaction advisory...4 Finance...5 Actuarial and insurance...6 Finance
More information08FR-003 Business Combinations IFRS 3 revised 11 January 2008. Key points
08FR-003 Business Combinations IFRS 3 revised 11 January 2008 Contents Background Overview Revised IFRS 3 Revised IAS 27 Effective date and transition Key points The IASB has issued revisions to IFRS 3
More informationMergers & acquisitions a snapshot Changing the way you think about tomorrow s deals
Mergers & acquisitions a snapshot Changing the way you think about tomorrow s deals Stay ahead of the accounting and reporting standards for M&A 1 November 13, 2014 Companies in distress: Bankruptcy process
More informationTax, Legal, Bookkeeping & Payroll Services 2015 kpmg.hr
KPMG IN CROATIA Tax, Legal, Bookkeeping & Payroll Services 2015 kpmg.hr High performing people cutting through complexity to deliver informed perspectives and clear solutions that our clients and stakeholders
More informationREALIZING VALUE - BUYING AND SELLING YOUR BUSINESS
REALIZING VALUE - BUYING AND SELLING YOUR BUSINESS Presented By: Norm Snyder and Jeff Capron November 2009 805 King Farm Boulevard, Suite 300 Rockville, Maryland 20850 301.231.6200 301.231.7630 F www.aronsoncompany.com
More informationPlanning for a Successful Joint Venture. Ruth Fisher and Ari Lanin October 16, 2014
Planning for a Successful Joint Venture Ruth Fisher and Ari Lanin October 16, 2014 Professional Profile Ruth E. Fisher 2029 Century Park East Los Angeles, CA 90067-3026 +1 310.557.8057 RFisher@gibsondunn.com
More informationServices for Solicitors
Services for Solicitors About us Contents About us Who we are 1 What we do 1 Why CavanaghKelly? 2 3 Sector specialisms 3 Who we advise 3 Corporate & Commercial 4 Litigation & Dispute 6 Banking & Finance
More informationVALUATION PRACTICE. A 360-Degree Perspective
VALUATION PRACTICE A 360-Degree Perspective MFA s valuation professionals put into play a rare combination of specialized expertise and real-world experience in the complementary disciplines of auditing,
More informationMONEY & IDEAS FOR HIDDEN CHAMPIONS. Company Presentation
MONEY & IDEAS FOR HIDDEN CHAMPIONS Company Presentation TABLE OF CONTENT Who we are Our advisory services Our investment approach Our brokerage service Our projects and partners How to reach us 2010 COMPANY
More informationDue Diligence investigations into practice
Due Diligence (eng) Due Diligence investigations into practice Introduction Due diligence investigations by Contzé & Partners are approached from a multidisciplinary perspective. Our partners are trained
More informationAcquisitions Due Diligence (Purchaser s Perspective)
Acquisitions Due Diligence (Purchaser s Perspective) 東 京 青 山 青 木 法 律 事 務 所 ACQUISITION OF INTERESTS IN OVERSEAS PROJECTS SEMINAR JULY 2006 1 What is a Pre-Acquisition Review/Due Diligence Investigation?
More informationUK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY
UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY As a healthcare provider, you need a risk and insurance adviser with an in-depth understanding of the complexities of the healthcare
More informationUK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY
UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY Healthcare providers need a strategic partner with an in-depth understanding of the complexities of the healthcare industry.
More informationInvestment Banking. Equity Capital Markets
Investment Banking Equity Capital Markets Raymond James Capital Markets Our mission is to remain a premier investment bank built on trust and relationships. We combine insightful, highquality research
More informationfor Analysing Listed Private Equity Companies
8 Steps for Analysing Listed Private Equity Companies Important Notice This document is for information only and does not constitute a recommendation or solicitation to subscribe or purchase any products.
More informationLaw Society of Upper Canada The Six-Minute Business Lawyer 2015
Law Society of Upper Canada The Six-Minute Business Lawyer 2015 Materials for a Presentation by Sandra Sbrocchi, McMillan LLP June 10, 2015 Written by Sandra Sbrocchi and Timothy Cullen, Student-at-law
More informationEstimated Going Concern Enterprise Valuation
UBS Securities LLC 299 Park Avenue New York NY 10171 www.ubs.com September 12, 2005 VARIG, S.A. (VIAÇÃO AÉREA RIO-GRANDENSE) Em Recuperação Judicial Brazilian Bankruptcy Court in Rio de Janeiro, Brazil
More informationInternational Financial Reporting Standard 3 Business Combinations
International Financial Reporting Standard 3 Business Combinations Objective 1 The objective of this IFRS is to improve the relevance, reliability and comparability of the information that a reporting
More informationAccounting Services and Payroll kpmg.cz
Accounting Services and kpmg.cz KPMG in the Czech Republic The Accounting Services and department of KPMG Czech Republic provides financial, managerial and payroll accounting services, as well as related
More informationStrategic Advisors Middle Market Investment Bankers
The Divestiture Alternative - An Overview Presentation Bringing Efficiency to Inefficient Markets Pittsburgh Office 400 Southpointe Blvd. Plaza I, Suite 120 Canonsburg, PA 15317 (724) 743-5800 www.strategicad.com
More informationHow to Grow and Sell a Franchise Business
How to Grow and Sell a Franchise Business Introduction Building a franchise business is hard work and when it is time to exit from the business you deserve to see the fruits of your labour. However, to
More informationDue Diligence. Due Diligence. Advisory Services. Assurance Services. Financial. Commercial. Legal / Tax. Pre-Sale / Vendor
Due Diligence Financial Commercial Legal / Tax Pre-Sale / Vendor IAS Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft Advisory Services IAS / IFRS, US GAAP Due diligence Internal
More informationHow To Run An International Business Process Outsourcing Company
business process outsourcing asbgroup.eu accounting and reporting. trust management services. company administration. shelf companies. payroll and HR services. company liquidation. business advisory. tax
More informationKey facts to consider when selling your business
Key facts to consider when selling your business Overview You will find limited information within the public domain on the subject of selling a small or medium sized business. This lack of information
More informationA. What Seller should be doing. Future retirees should note that it can take a decade to properly prepare a practice for sale.
Succession Planning: Transitoin to and From Ownership Charlotte A. Lacroix DVM, JD i Veterinary Business Advisors, Inc. www.veterinarybusinessadvisors.com Buying or selling a veterinary practice generally
More informationFinancial Advisory Services (FAS) Creating Value
(FAS) Creating Value Our Services Our (FAS) practice provides strategic and financial advisory services to companies of the public and private sector throughout every phase of the economic cycle. Through
More informationGuidance Note: - Due Diligence: Share Purchase/Sale
Guidance Note: - Due Diligence: Share Purchase/Sale This a guidance note for a seller who wishes to start the due diligence process. This note sets out what you need to consider and the kind of documents
More informationEarn-out arrangements in a business combination impact of the revised IFRS 3
ey.com/ifrs Negotiation series Earn-out arrangements in a business combination impact of the revised IFRS 3 January 2010 When negotiating a business acquisition, the potential consequences of the accounting
More informationValuing your brands and your business
Valuing your brands and your business Intangible Business Intangible Business is a leading independent brand valuation, strategy and development consultancy. Founded in 2001, Intangible Business specialises
More informationVision + Va l u e. Our Achievement Is Your Success
Vision + Va l u e Our Achievement Is Your Success Variant Capital brings experienced professionals and a full-service investment banking process to the middle and lower-middle market. 01: about Our proven
More informationORIX Aviation Systems Limited
ORIX Aviation Systems Limited... for proactive aircraft asset management Asset Management Marketing IT Systems Technical Support AIRCRAFT OWNERSHIP Investment Banking/Finance Accounting & Tax Legal & Contract
More informationThe M&A Deal Cycle. AEM Advisors AG Corporate Finance & Consulting
AEM Advisors AG Corporate Finance & Consulting The M&A Deal Cycle Presentation at the Swiss CFA Society in Zurich on January 14, 2010 Geneva on January 21, 2010 Content Overview: The standard sell-side
More informationVALUED REPRESENTATION When Selling a Business
VALUED REPRESENTATION When Selling a Business VR Has Sold More Businesses In The World Than Anyone. SELLING YOUR BUSINESS The entrepreneurial boom has changed the face of business around the globe. Today,
More informationChecklist for Buying a Business
Checklist for Buying a Business Buying a business can sometimes be a daunting and confusing process. This checklist highlights the main legal risks you need to consider when undertaking the process. It
More informationWhat you need to know about the new accounting standards affecting M&A deals*
What you need to know about the new accounting standards affecting M&A deals* *connectedthinking What you need to know about the new accounting standards affecting M&A deals Executive summary Overview
More informationMergers & acquisitions a snapshot Changing the way you think about tomorrow s deals
Mergers & acquisitions a snapshot Changing the way you think about tomorrow s deals Stay ahead of the accounting and reporting standards for M&A 1 June 10, 2015 What's inside Bankruptcy period considerations...
More informationR A I S I N G F U N D S I N SWEDEN
R A I S I N G F U N D S I N SWEDEN Raising funds in Sweden Sweden can offer good opportunities and many ways to raise finance for businesses. The costs of establishing a Swedish limited company are low
More informationMergers - Strategic Objectives of a Firm
Moving forward with mergers Nelsons Connect2Law Conference 4 October 2012 Andy Poole Legal Sector Director Armstrong Watson Moving forward with mergers Why mergers are back on the agenda How mergers can
More informationAn Overview of Small Business Investment Company Funds. Jonathan Kivell Commerce Street Capital
An Overview of Small Business Investment Company Funds Jonathan Kivell Commerce Street Capital Disclaimer This presentation ( presentation ) is intended solely for the Recipient and has been prepared for
More informationWTAS Valuation Services Group
WTAS Valuation Services Group Information & Overview March 2014 Presented to 1 Table of Contents I. WTAS Valuation Services Overview II. WTAS Overview III. Services Offering IV. Approach V. Professionals
More informationSpecialist insurance products for International Real Estate Professionals
Specialist insurance products for International Real Estate Professionals 2014-2015 DUAL Global Footprint TOTAL GWP 2014: 490m 50% Los Angeles 30% Chicago Delaware Orlando Naples Toronto New York Marlton
More informationHow To Work At Sensiba San Filippo Llp
M&A Practice Overview Build. Grow. Soar. www.ssfllp.com 925.271.8700 ABOUT SENSIBA SAN FILIPPO Sensiba San Filippo LLP (SSF) is a leading regional accounting, tax, and business-consulting firm focused
More informationTiming of Hiring a Turnaround Management Firm. Turnarounds & Crisis Management Solutions to Complex Business Problems
Solutions to Complex Business Problems Atlanta Chapter, Georgia Society of CPA s October 21, 2010 by Mark D. Kaplan, Principal Restructuring Profit Advisors, LLC 400 Trowgate Lane Atlanta, Georgia 30350
More informationCosta Rica Negotiated M&A Guide
Costa Rica Negotiated M&A Guide Corporate and M&A Law Committee Contact Juan Manuel Godoy Consortium Laclé & Gutiérrez San José, Costa Rica jmgodoy@consortiumlegal.com Coordinator Rafael Alvarado-Riedel
More informationAsset Management. For insight and guidance tailored to the changing asset management climate of the Channel Islands. kpmg.
Asset Management KPMG IN THE CHANNEL ISLANDS 3 Asset Management For insight and guidance tailored to the changing asset management climate of the Channel Islands. KPMG IN THE CHANNEL ISLANDS kpmg.com/channelislands
More informationP.O Box: 2152 Safat, Kuwait www.dimah.com.kw
T +965 1844 000 +965 2295 5700 F +965 2241 4270 E info@dimah.com.kw P.O Box: 2152 Safat, Kuwait www.dimah.com.kw Khaled Bin Al Waleed St Al Dhow Tower, Floor 26-27 Contents. Dimah Capital. Our Mission.
More informationARCH CAPITAL ADVISORS
ARCH CAPITAL ADVISORS TERM SHEET Bridge Loan for PIPE This term sheet is among XYZ, Inc. ( Company ) and ABC Investments ( ABC ). Loan: Option: Bridge loan to the Company from ABC in the amount of $ (the
More informationEXECUTIVE BRIEF. Steps in The Process of Selling a Business
EXECUTIVE BRIEF 10Major Steps in The Process of Selling a Business 1 About Kaulkin Ginsberg Since 1991, Kaulkin Ginsberg has provided value-add strategic advisory services tailored specifically to outsourced
More informationThe M&A Buy Side Process: An Overview for Acquiring Companies
AUGUST 2013 Investment Banking The M&A Buy Side Process: An Overview for Acquiring Companies Michael D. Benson mbenson@srr.com Jeffrey S. Shippy jshippy@srr.com Introduction Corporate mergers and acquisitions
More information2014 Family Wealth Conference
2014 Family Wealth Conference James Bertram William Blair & Company Sarah Mercurio William Blair & Company Business Succession: Planning the Next Step for Your Most Valuable Asset Summary of Financial
More informationBank of America Merrill Lynch 2013 Banking & Financial Services Conference. Robert J. McCann CEO, UBS Group Americas CEO, Wealth Management Americas
Bank of America Merrill Lynch 2013 Banking & Financial Services Conference Robert J. McCann CEO, UBS Group Americas CEO, Wealth Management Americas November 13, 2013 Cautionary statement regarding forward-looking
More informationServices and Capabilities. Financial Services Transfer Pricing
Services and Capabilities Financial Services Transfer Pricing Our team of experts offers an unmatched combination of economic credentials, industry expertise, and testifying experience. FINANCIAL SERVICES
More informationM&A Insights Purchasing and modifying discount debt What dealmakers should know
M&A Insights March 2013 Merger & Acquisition Services M&A Insights Purchasing and modifying discount debt What dealmakers should know Introduction In the current economy, a significant amount of outstanding
More informationForensic Services. kpmg.hu
Forensic Services kpmg.hu We help you curb your losses. Our forensic team provides services designed to assist you in matters of a commercial or financial nature that may result in a legal or regulatory
More informationMinimizing Working Capital Disputes in Healthcare Deals
April 2014 Minimizing Working Capital Disputes in Healthcare Deals By: Ken Conner, CPA Shannon Farr, CPA/ABV/CFF Cole Powell, CPA/CGMA/FHFMA Working Capital Settlement Woes Too often, a game of tug of
More informationMEMBER FIRM OF BAKER & MCKENZIE INTERNATIONAL, A SWISS VEREIN ISTANBUL
MEMBER FIRM OF BAKER & MCKENZIE INTERNATIONAL, A SWISS VEREIN ISTANBUL Local Dynamism Nuanced insight into local legal and business issues Turkey is one of the fastest growing economies in the world. Keep
More informationthe paris office Elizabeth Naud and Luc Poux, architects
the paris office Elizabeth Naud and Luc Poux, architects dllp Our commitment is to be the definitive source of practical advisory services and our clients most powerful advocates. DECHERT LLP In-depth
More informationCRiTiCaL THiNKiNG at THe CRiTiCaL TiMe. cross BOrDer INSOlveNcy AND ASSeT recovery
CRiTiCaL THiNKiNG at THe CRiTiCaL TiMe cross BOrDer INSOlveNcy AND ASSeT recovery Table of Contents 1 ABOUT US 2 key messages 3 FTI overview 4 WHO WE ARE 5 OUR capabilities 6 OUR DIFFERENTIATING FACTORS
More informationSustainability reporting What you should know kpmg.com
SUSTAINABILITY Sustainability reporting What you should know kpmg.com b Sustainability reporting What you should know KPMG LLP (KPMG) defines corporate sustainability as adopting business strategies that
More informationKey Issues in M&A Transactions Ethical and Practical Considerations
Key Issues in M&A Transactions Ethical and Practical Considerations Presented to: The Association of Corporate Counsel Arizona Chapter February 3, 2011 2011 Jennings, Strouss & Salmon, PLC. All rights
More informationSHARE, GOODWILL & BUSINESS VALUATION SPECIALISTS
SHARE, GOODWILL & BUSINESS VALUATION SPECIALISTS Welcome 1 Executive summary 2 Our focus & offering 3 Our approach 7 Meet the team 8 Our strategy 11 Why engage a specialist 12 How to contact us 13 1 Welcome
More informationHow To Sell Your Business
Preparing for an exit Advice for SMEs thinking about selling their business By Nick Pearch 1. Background to an exit A well designed and well executed exit strategy can create as much value as all the other
More information