Overview

Transactions are a key component of today's business world, creating a multitude of opportunities including the enhancement of shareholder value, restoration of organizational solvency; and raising the profile of your organization.

However, KPMG's research clearly demonstrates that opportunities are being missed. According to our recent European survey, Increasing Value From Disposals, over a third of major corporations and Private Equity houses completed their most recent divestiture at a price significantly below their own valuation and original selling price. The good news is that a more professional approach can lead to a better performance. In our recent research of major global deals, Beating The Bears, we found that for acquisitions, even on the strictest measures, over a third of transactions enhanced shareholder value - almost double the figure of a similar survey 4 years ago.

With a wealth of differing routes to explore including acquisitions, divestitures, joint ventures or de-mergers, you need:

To understand the issues specific to your market sector

To understand the deal's risks and value creating potential

To know that your transaction service team will deliver a consistently high level of service in every location worldwide

To be up to date on the latest insights on the execution of mergers and acquisitions, whatever their objective

KPMG's Transaction Services professionals can provide M&A support throughout the transaction, from pre-deal evaluation through to completion and post deal integration or separation. We are a global network of over 1,600 professionals focused on acquisitions, disposals, mergers, joint ventures, leveraged buy outs (LBOs) and Initial Public Offerings (IPOs), supported by the professional skills and experience of over 100,000 KPMG professionals in 148 countries.
Our member firm clients include private and public companies of all sizes, private equity houses and the public sector.

List of services

Pre-deal evaluation - for acquisitions and disposals we identify key risks and potential deal breakers, assess the strengths and weaknesses of the business against industry benchmarks, and assist with the evaluation of the potential transaction in the context of your existing business;

Bid Services - in public transactions we assist bidders and targets throughout the process of both hostile and friendly bids with particular emphasis on investigating the other party without access, identifying value issues, assessing synergies and assisting with the public documents;

Transaction evaluation (due diligence) - we help assess the key issues facing the business and the drivers behind maintainable profits and cash flows. We provide commercial analysis of relationships and operations, and carry out market studies. We provide an investigative analysis of a business, typically including results/projections, tax, cash flows, commercial issues, management information, systems and controls, pensions, compensation, benefits, legal issues and environmental matters;.

Strategic and Commercial Intelligence - we carry out commercial and operational due diligence combined with customer, supplier and trade interview analysis;

Vendor due diligence - at an early stage of the disposal process we will supply an independent analysis and evaluation of the financial, commercial and operational performance of the business;

Vendor assistance - our divestment services include assisting with evaluating disposal options, carrying out pre-sale reviews and pre-sale due diligence, carve outs, assistance with information memoranda and data rooms, addressing purchaser queries, assisting with obtaining stock exchange and other approvals, completion statements, purchase price adjustments, warranty and indemnity claims;

Transaction structuring - we assist with the creation of efficient deal structures, with consideration of the taxation, accounting, commercial and legal position;

Transaction Modelling - we build transaction models and also carry out reviews of models;

Stock Exchange Reporting - we review financial information for inclusion in public documents and report publicly, and prepare reports for sponsoring investment banks;

Contract assistance - we support the negotiation and completion phases of transactions, and provide accounting and other input into sale and purchase agreements, completion accounting and price adjustment mechanisms, and the scope of warranties and indemnities;

Integration/separation - we assist in identifying and assessing synergies and separation issues.