Acquisitions
Our integrated teams draw from strategy, operations, valuation, diligence, IT, transformation, tax, and capital markets to help clients enter into the right deal, and close with speed and certainty, while unlocking hidden value from a merger or acquisition. Working with the broader PwC network, we help clients navigate the many opportunities and interdependencies associated with complex, large, and cross-border M&A deals.
Service offerings include:
- Screening, evaluating, and accessing acquisition targets, including capabilities fit
- Determining the appropriate price for the target
- Closing the deal
- Developing the future strategy and operating model of the combined entity
- Integrating both organizations
- Realizing post-deal value creation
- Managing people aspects and supporting cultural integration
Divestitures
Divestitures play — or should play — a key role in many companies’ growth strategy. With the rise in shareholder activism and focus on portfolio realignment, more and more companies are divesting assets to move toward stronger positions in the future. Divestitures can be a primary lever to better align your company’s portfolio with your value proposition and distinctive capabilities system.
While divestitures can be more complex than typical acquisitions, they provide opportunities to increase the overall value of your remaining business portfolio. We help clients with rigorous diligence and clear strategic vision so they can determine the right assets to divest, the right transaction structure, and the right timing to make a move.
Service offerings include:
- Determining the business to be divested and the best structure
- Identifying buyers that would benefit from the business to be divested, given their capabilities fit with the target
- Understanding tax implications and advantages
- Addressing stranded costs
- Negotiating the price and conditions for the deal
- Preparations for closing and keeping the business running
- Closing the deal
- Managing post-deal service agreements
Alliances
Alliances have become pervasive in the very fabric of how business is conducted, and they will continue to grow in size, power, and influence. Indeed, borrowing capabilities via an alliance instead of building or buying them through acquisitions has become a proven way to strengthen a company’s set of capabilities. We help clients select the right partner or structure and develop a rigorous approach to manage alliances, creating real collaboration with a string of interconnected relationships that allow them to outperform the competition.
Service offerings include:
- Defining the vision and developing an explicit alliance strategy
- Identifying the critical capabilities that need to be strengthened via the acquisition
- Formulating the alliances, by screening and evaluating priority partners
- Negotiating and implementing alliances
- Setting the governance for the alliance and institutionalizing alliance capabilities
- Renewing the alliance portfolio
Deals strategy
Seizing opportunity depends not only on developing the right strategic vision, but also moving it forward with agility and speed. Working closely with PwC Corporate Finance LLC,* we help you do both, integrating strategic perspective and execution insights throughout a deal. From assessing the potential impact of changes in your industry landscape, to helping you navigate complexity, we uncover opportunities for you to capture more value while keeping you on track to achieve your strategic goals.
Service offerings include:
- Creating deal strategy
- Assessing industry dynamics
- Optimizing the portfolio
- Serving as lead advisor
- Providing independent advice on valuation
- Developing capital structure and financing options
- Accelerating corporate goals, with end-to-end value optimization
- Helping clients fluidly navigate tax and accounting complexity
- Advancing private equity portfolio performance
Capital markets
A deep knowledge of capital raising and regulatory processes and a global network of professionals enables us to work with clients in the US and in principal capital markets around the world. We help you identify new ways to access capital or focus investment where it matters most. Our independent professionals equip you with the objective, unbiased guidance that you need so that you can make decisions for growing your business.
Service offerings include:
- Equity offerings, with initial public offerings and secondary offerings in the equity capital markets including reverse merger, master limited partnership, and REIT structures
- Debt offerings, with registered and exempt debt offerings including both investment-grade and high-yield
- Spinoff transactions, with separation and registration of public shares for a pro rata distribution to shareholders
- Capital structure, capital raising, and capital alternatives
- Financial structuring
- Strategic planning
- Complex accounting and reporting issues
- Independent view on investment bank and equity research analyst selection, pricing, valuation, and equity raising process
Private equity
With the ability to both formulate an acquisition strategy and translate it seamlessly into detailed value improvement levers and initiatives, we help clients in the private equity space with their deals and operations improvement needs. We deliver integrated insights and effect change with the speed that private equity needs, from pre-deal analysis, through post-acquisition restructuring strategies, to advising on the right exit strategy to maximize value capture.
Service offerings include:
- Commercial due diligence
- Restructuring and turnarounds
- Exit strategy
Crisis and restructuring
Your business is unlike anyone else’s. That’s why our cross-functional professionals help create a unique, holistic, and strategic view of your organization and its path forward, no matter the issue at hand. From bankruptcy to liquidity constraints to underperforming businesses, our coordinated perspectives evaluate strategic and financial alternatives to get you building value for the future with speed and confidence.
We help clients find the right runway to a speedy recovery with solutions for a range of needs, from turnaround and restructuring plans to optimized exit strategies.
Service offerings include:
- Corporate reorganizations
- Evaluation of liquidity positions
- Advice on operating efficiency and margin enhancement
