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Tax

Buy-side due diligence

  • Tax due diligence prior to an acquisition
  • Critical review of the available information (public information, data room, VDD, etc.)
  • Detailed review of the historical tax affairs of the target in conjunction with management and their existing advisors
  • Manage transaction risk and provide insight to support deal negotiations

Vendor due diligence

  • Tax due diligence prior to a divestment
  • Critical review of the available information provided by management and obtained independently
  • Early identification of potential risks allows management to put in place mitigation strategies prior to the transaction to preserve value

Refinancing and financial restructuring

  • Due diligence on the existing tax position of the group and the historical position with respect to the debt to be refinanced
  • Structuring advice to facilitate the refinancing of the debt
  • Modelling tax cash flows and impact on debt service

Refinancing Reviews

  • Review of a company’s financial position in order to support a debt refinancing
  • Review of business plans and forecast cash flows
  • Modelling the impact of the refinancing on cash flows and bank covenants
  • Covenant compliance testing

Structuring

  • Advise on an appropriate deal structure and implementation of the transaction whether that is an acquisition, pre-disposal planning, refinancing, restructuring, reorganisation, PPP/PFI bid or IPO
  • Tailored transaction advice to the achieve the strategic objectives of the transaction
  • Integrated approach, combining tax and transaction services teams to ensure the structure achieves the commercial objectives and optimises investment returns

Modelling

  • Analysis of tax assumptions to be reflected in the model based on the commercial position of the group
  • Sensitivity and Scenario Analysis