maximise the value in your business - moore stephens...jamie johnson – director d +44 (0)20 7509...
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Maximise the value in your business
Corporate finance PREC ISE . PROVEN. PERFORMANCE .
Maximise the value in your business
financial models. These tools can help you
assess the future viability and direction of
your business and maximise your
opportunities for raising finance.
Financial modellingWe design bespoke financial models that
provide practical solutions for businesses
and management buy-out (MBO)/
management buy-in (MBI) teams, private
equity firms, investment banks and other
financiers. The advantages of a bespoke
model is that the outputs and usability is
designed uniquely for your needs. These
financial models have improved accuracy,
flexibility to perform sensitivity analysis,
have increased robustness and ensure your
management team have a financial model
they can rely on. Many of our models are
used not only for one-off transactions but
by clients for operational monitoring of
their businesses.
Acquisition advisory Acquisitions can involve a great deal of
management time and significant risk.
Regardless of where you are in the life-cycle
of your business or the industry you operate
in, we can provide specialist skills, practical
experience, and objectivity to your plans.
Our team has a depth of experience in
advising and supporting in the planning,
sourcing, negotiation, and completing
acquisitions for clients.
Moore Stephens Corporate Finance provides
a comprehensive range of lead advisory and
transaction support services to both national
and global businesses. Our clients range
from mid-sized quoted companies and large
private concerns to smaller owner-managed
businesses, across a wide variety of industry
sectors, including financial services,
technology, transport and logistics. Our UK
team is headed by a specialist division in
London who collectively have over 150
years of experience. Our regional network
of offices is uniquely placed to offer you
and your business local knowledge and
advice, while member firms of Moore
Stephens International can assist with
complex international or cross border issues.
Strategic adviceHaving the ability to brainstorm strategic
direction with an independent and objective
adviser helps many of our clients refine their
strategic plans. We help share benchmarked
ideas and real life examples to help clients
grow and move their businesses forward.
Business planning and modellingWhether your business is established or still
in its early stages, we can work with you to
further develop your business, operational,
financing, marketing, HR, governance and
risk management strategies. We work with
clients to help them formulate focused
business plans together with functional
Acquisition due diligence Financial due diligence is a critical aspect of
transaction planning as it can affect the
purchase price for a business or even the
decision whether to proceed with a
transaction. We help purchasers validate the
key assertions on which the proposed
acquisition is to be based and liaise with
financiers. In addition, we provide
valuations, financial modelling and advice
on sale and purchase agreements to
improve client’s returns after completion.
Business valuationThere are many reasons for valuing a
business including buying or selling a
business, selling or transferring shares,
setting up an employee share scheme, tax,
considering a market listing, breach of
contract or a cessation in trading,
shareholder disputes, or death or divorce.
The valuation of unquoted shares and private
businesses presents unique challenges, but
our tried and trusted techniques will provide
you with a true, fair, well-informed and
defensible commercial valuation.
Bid supportWe know what makes a successful bid and
support clients on both acquisition and joint
venture bids. We can assist with valuing the
target, helping you gain access to
information, maintaining a robust process,
and assisting in competitive processes.
Whatever the economic climate, Moore Stephens can work with you to help you maximise the potential value in your business, by advising and supporting you every step of the way. Whether you are buying or selling, raising development capital or floating on a public market, we recognise that these are not everyday occurrences for most business owners, yet we deal with these matters routinely
2 Corporate finance
Raising finance (debt and equity) Raising finance can often be a challenge. We
have strong relationships with both debt and
equity funders who are eagerly looking for
new opportunities. We have helped all sizes of
companies and management teams seek
finance for a wide range of purposes
including working capital, capital expenditure,
acquisitions, MBOs, acquisitions and buying
back of exiting or retiring shareholders.
Private equity transactions can be
particularly technically and financially
complex. We have extensive experience in
advising and supporting clients in the
planning for, sourcing of, negotiating, and
completing of MBOs, MBIs and development
capital fund raising from private equity.
Net debt supportAs a vendor or purchaser you will be looking
to minimise or maximise net debt. We carry
out investigations to help build cases to
demonstrate where calculations should
include or omit debt or debt-like items. We
provide tailored, independent business review
services (IBRs) to financial stakeholders or to
individual businesses. Our IBR service defines
the financial and operational situation and
gives a clear evaluation of the available
options in the short to medium term. Our
reviews and reports focus on the key risks and
financial prospects of the underlying business.
Public company advisoryListing is an important step that can provide
capital for growth, create a market for a
company’s shares, enhance the profile and
credibility of the business, and ultimately
provide an exit strategy for its owners. We
support clients through the various phases of
flotation, advising clients from across the
globe in the initial public offering (IPO)
process not only for UK capital markets but
also on international markets. We can also
assist in the context of a bid for a listed entity
within the UK under the Takeover Code.
Sales advisorySelling a business is time-consuming and
demanding. We will assist you to maximise
the value of your business whilst minimising
your post completion risks and obligations.
We can develop a detailed business brief
which examines the business, its
performance, assets, intellectual property
and brand strength. We will identify,
research and approach potential buyers on
your behalf, and guide you through the
entire process to ensure your interests are
both maximised and protected.
Vendor due diligenceWhen selling your business a detailed report
can demonstrate the financial health of
your business to potential buyers. We
provide an independent report based on
performance and prospects addressing the
issues your buyer needs to know. For
vendors selling part of their own business,
our vendor assistance will help you
effectively complete your disinvestments.
Sale and purchase agreement supportWhether you are considering finance for
expansion, an acquisition, refinancing or
assessment of an existing facility, we
provide practical pre-lending advice to both
borrowers and financiers. From assessing
underlying business health and the lending
fundamentals of security to providing
recommendations on structure and the
pricing of facilities, we advise on all aspects
of the funding proposal. We ensure there is
a mutual understanding between borrower
and lender of deal risks, pricing and the
ongoing expectations.
Public markets supportWe have acted as reporting accountants on
a significant number of flotations on
markets in the UK and overseas. So whether
you require a prospectus for a private fund
raise or are looking to list we can help.
3Corporate finance
“ Our team of dedicated corporate finance professionals are passionate about working with forward thinking individuals and providing them with the independent advice needed throughout the equity lifecycle.”
Moore Stephens LLP, 150 Aldersgate Street, London EC1A 4AB T +44 (0)20 7334 9191www.moorestephens.co.uk
We believe the information contained herein to be correct at the time of going to press, but we cannot accept any responsibility for any loss occasioned to any person as a result of action or refraining from action as a result of any item herein. Printed and published by © Moore Stephens LLP, a member firm of Moore Stephens International Limited, a worldwide network of independent firms. Moore Stephens LLP is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Authorised and regulated by the Financial Conduct Authority for investment business. DPS31268 November 2017
Contact informationIf you would like further information on any item within this
brochure, or information on our services please contact:
Phil Cowan – Partner, Head of Corporate Finance
D +44 (0)20 7651 1807
Philip Bird – Partner
D +44 (0)20 7651 1506
Merryck Lowe – Partner
D +44 (0)20 7651 1766
Damian Ryan – Partner
D +44 (0)20 7651 1499
John Illsley – Director
D +44 (0)20 7651 1227
Jamie Johnson – Director
D +44 (0)20 7509 9456
Dougie Hunter – Director
D +44 (0)20 7651 1197
Marty Lau – Partner
D +44 (0)20 7651 1342
About Moore Stephens
We help you thrive in a changing world.
We provide all the support and guidance you
need to deal with new risks and opportunities.
We ensure easy access to the right people, so
decisions can be made quickly and confidently.
A consistent team will partner with you to
support your aspirations and contribute to
your success.
You’ll have access to a range of core services,
including audit, accounting, tax, risk and
systems assurance, corporate finance,
restructuring and insolvency, wealth
management and disputes analysis. As a Top 10
accounting and advisory network we support
a broad range of individuals and entrepreneurs,
large organisations and complex international
businesses.
If your business and personal interactions
need to expand, we’ll help make it happen –
coordinating advice from a network of offices
throughout the UK and in more than
100 countries.
Moore Stephens globally
Moore Stephens International is a top ten
global accountancy and consulting network,
headquartered in London. With fees of over
US$2.74 billion and offices in 108 countries,
clients have access to the resources and
capabilities to meet their global needs.
By combining local expertise and experience
with the breadth of our UK and worldwide
networks, clients can be confident that,
whatever their requirement, Moore Stephens
provides the right solution to their local,
national and international needs.