Tax Mergers & Acquisitions

Building tax into successful M&A planning and execution

Transactions are a time of change. Creating and protecting value in a merger, acquisition, disposal, IPO or other refinancing is fundamental. To achieve long-term value, it’s vital to create the most efficient structure possible in terms of ongoing operating model and financing. 

Tax planning at an early stage can add significant value to every transaction. Such planning is essential to reduce both the actual transaction tax costs and the long-term sustainable effective tax rate following the transaction. Companies also need to manage tax risk and ensure that future net cash flows are optimised.

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How we can help you

PwC's M&A tax team assists companies making acquisitions, disposals and undergoing corporate reorganizations, using proven processes and drawing upon expertise from throughout our global network.

Because we know each situation raises new issues and brings new challenges, we work with you to create an integrated, customised solution for all aspects - from the planning stage, through implementation, all the way until the final deal is done. By identifying opportunities, optimising financial structuring, and managing risk at each juncture, we make sure that the synergy of your vision is not disrupted by any unforeseen costs or surprises.

Our services

Why PwC?

PwC has one of the largest networks of M&A tax specialists in the world and we can offer you expert deal structuring and financing advice at all points throughout the deal cycle. We have extensive experience in providing tax advice on in-bound, out-bound and domestic transactions to Romanian and multinational clients operating in eight industries.

Our M&A specialists are integrated with our Transaction Services group and supported by industry specialists with access to comprehensive industry resources within the PwC international network.

Global M&A Industry Trends

By many indications, the next six to 12 months could be busy ones for mergers and acquisitions. Companies anticipating economic fallout from the global coronavirus pandemic have an accumulated war chest of more than $7.6 trillion in cash and marketable securities—and interest rates remain at record lows. Pent-up demand may kick in as the availability of vaccines increase the trifecta of CEO, investor and consumer confidence. For companies facing imminent distress, consolidation may be inevitable. For others, dealmaking may be the best, and fastest, way to fill urgent gaps in the skills, resources and technologies they need to create value down the road.

Find out more

Contact us

Andreea Mitiriță

Andreea Mitiriță

Partner, Tax Services, PwC Romania

Anda Rojanschi

Anda Rojanschi

Partner, D&B DAVID si BAIAS S.C.A., Romania

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