Every transaction must make sense from both a tax and commercial point of view.
The Grant Thornton Tax Advisory team blends commercial experience and knowledge with tax expertise to advise clients on the full range of transactions including sales, mergers, restructurings and succession planning.
Other issues include cross-border deals and debt raising. For example, US acquirers tend to want to use American structures to complete the transaction but these are completely different to the structures generally used in Ireland and can cause difficulties. For banks, the emphasis has shifted from property and fixed assets as security to a focus on after tax free cash flows to service debt. We use our expertise in these areas to assist clients to complete deals and procure funding where necessary.
Succession planning has undergone fundamental changes over the years. Changed family dynamics mean succession options such as MBOs or trade sales will have to be explored as an alternative to passing the business to the next generation. Timing is an issue and increased longevity means it may no longer be wise for a business owner to sell or pass on the company at normal retirement age.
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