Disposals
«Based on a comprehensive assessment of all tax implications, PCS supports divestment processes and ensures that its clients’ plans and interests are effectively implemented during the drafting and negotiation of contractual documents.»
Private equity – legally and fiscally optimised
The sale of a business, an equity interest or another significant asset is an integral part of the corporate and asset lifecycle. PCS therefore incorporates this into the long-term structuring and planning of the overall assets, linking the sales process to prior developments and the measures planned for the period following the sale.
The specific structure of a company, its shareholdings and assets often presents unique opportunities to optimise a planned sale from both a tax and legal perspective. PCS identifies these options and develops the necessary restructuring measures, adjustments to shareholding structures or early succession planning in preparation for the transaction. The earlier a sale is incorporated into the overall planning, the greater the scope for structuring the deal is usually. However, effective optimisations may still be possible even in cases where the sales process has already begun.
PCS supports clients throughout the entire M&A process, conducts contract negotiations and ensures that the divestment structure devised is consistently implemented in the purchase agreement and upon completion of the transaction. Tax structuring, corporate law arrangements and transaction law advice are closely interlinked in this process.
The future use of the proceeds from the sale is also incorporated into the planning at an early stage. Reinvestments, the future asset structure and planned succession or trust arrangements are integrated into the transaction to form a coherent overall strategy.
The acquisition of companies and equity interests is, in turn, a key component of wealth creation. PCS develops acquisition and equity structures that are tailored to the existing asset and corporate structure, the financing arrangements, and the long-term economic and tax objectives. In doing so, future restructuring, disposals and succession planning are taken into account right from the outset when designing the acquisition structure.
PCS supports corporate and investment transactions throughout the entire cycle – from acquisition and development, through ongoing structuring, to tax-optimised disposal and the subsequent use of the proceeds.
