Buy-side due diligence
This can take place at various stages of the deal cycle, e.g. during the early phase of an auction process or to complement other due diligence work (top-up DD). It can also be phased in the case of a deal process with multiple rounds. Our due diligence experts work together as one team to assist you to understand and evaluate the commercial, financial, tax and operational aspects of an acquisition of a Financial Services target. In addition, our structuring experts can assist you on the best way to structure the proposed acquisition.
Early identification of integration hurdles
During the deal evaluation process, various potential hurdles to integration will be identified. Our operational experts with financial services industry experience understand where hurdles or issues exist and can assist you to early identify these areas so as to include in your first “100-day plan” to support a smooth integration process.
Vendor due diligence and assistance
When a company is up for sale or selling off one of its parts - it needs to show an in-depth report on its financial health to potential buyers. This analysis is called vendor due diligence. PwC provides comfort to both buyers (acquirers) and sellers (vendors) with an independent view of the business, encompassing its performance and prospects.
If you do not require an independent report to share with potential buyers, our financial services due diligence experts can work alongside you and advise you on how a buyer would view your business; with the objective of preparing your company for a sale process.
Purchase price allocation and impairment issues
We can undertake fair value accounting (including the valuation of intangible assets) in order to meet the requirements set out in the relevant business combinations standard e.g. IFRS, US GAAP, Chinese GAAP, and other Asia Pacific accounting standards.This can be particularly difficult in asset heavy transactions such as insurance and banking transactions (given the potential for adjustments on existing tangible assets can be significant). We can also support you in preparing/reviewing their ongoing goodwill impairment tests following a transaction.
Chris ST Chan
