M&A
M&A is a powerful tool to achieve business growth, succession, and capital recovery. However, each scheme comes with its own features, tax implications, and procedural complexity. By carefully considering the purpose, scale, tax impact, and risks, companies can choose the most suitable scheme......
Enterprise Valuation
Enterprise valuation is a critical step in M&A, enabling both buyer and seller to agree on a fair price based on rational and objective metrics. The three major approaches—cost, market, and income—each have strengths and limitations, and in practice, it's common to combine multiple methods and conduct scenario or sensitivity analysis to improve accuracy......
Due Diligence
Due diligence is a critical process that determines the success of an M&A deal. By comprehensively assessing risks and evaluating company value, the buyer can proceed with greater confidence and stronger negotiating power. Proper information management, expert involvement, and attention to ESG and environmental risks are key to avoiding post-acquisition issues and ensuring a successful integration......
Earnout
In mergers and acquisitions (M&A), an “Earnout” is a pricing mechanism where part of the acquisition price is linked to the post-acquisition performance of the target company. For buyers, it helps reduce uncertainty and risk; for sellers, it provides the opportunity to receive a higher total consideration if the business performs well. In other words, it bridges valuation gaps and allows risk-sharing between both parties......