Strategic corporate buyers are paying a few percent points more for their aquisitions (publicly traded companies) compared to going-private transactions, while financial buyers (portfolio administrators) are likely to pay less. Nevertheless, the transaction price remains subject to the ability of the M&A consultant searching for adequate potential buyers.
Institutional creditors avoid acknowledging that some assets - cash generating units - do not have a market value in the basic sense. These assets rather have a fair value, resulting from an average degree of return, which can be the basis of the lending decision.
The maturity of the real estate market in Romania is also shown by the fact that, for offices or commercial buildings in the first rank cities (Timisoara, Cluj-Napoca, Iasi) the return on investment is lower by about 1 percent than in the capital, just like it is also happening in other comparable European [...]
Potential risks in implementing the acquisition of commercial real estate, the necessity of reviewing the transaction documents by a specialist. When purchasing a software company, purchasers must verify the IP rights over the software, databases, domain names, trademarks and insignia used, and the storage medium through which the software is provided (servers, cloud, [...]
Companies are looking for tax optimization solutions in order to obtain competitive advantages. However the optimization should not be the target, but a tax planning involving an in-depth analysis of the company, of medium and long-term objectives,and favorable tax provision which it can benefit from. Tax optimization could be considered as a dishonest [...]
The wish of small businesses to know how much they value, but without paying a decent price for it, is an unresolved issue so far. The development of valuation technologies based on automatic data processing, artificial intelligence and the use of big data, could soon become a solution, with the assistance of an [...]
The quality of property titles, of the due diligence and the extent of the area give liquidity to agricultural land transactions. Assets with these qualities are often the subject of transactions between non-resident investors. These investors control large areas of land, by ownership, concessions and lease.
There are situations in which newly built assets are recorded in the accounting ledgers as a single fixed asset, without taking into consideration the fact that there are different building bodies, special constructions and installations that should be treated distinctly. This has direct implications not only in the amortization rate, but also in [...]
Risks in implementing the acquisition of software companies – caused by uncertain IP rights. When purchasing a software company, purchasers must verify the IP rights over the software, databases, domain names, trademarks and insignia used, and the storage medium through which the software is provided (servers, cloud, etc.). The IP rights may be [...]
When preparing for a business sale, the owner of a company should know that control elements are priced differently than synergy elements. When preparing for a business sale, the owner of a company should know that control elements are priced differently than synergy elements and therefore understand the potential buyer’s intentions accordingly, so [...]