By Stuart Noland, Nolands Capital
The Covid-19 pandemic has irrefutably had a major effect on the global business landscape, shining the spotlight on business valuations during a time when investors are scrambling to understand the impact on their businesses.
By Carijn van Helvoirt-Franssen and Roel Jansen, EJP Accountants & Adviseurs
If a Dutch company holds at least 5% of the paid-up capital on shares in another company (subsidiary), in general, the participation exemption applies. However, if the subsidiary is considered an investment vehicle, there might be some obstacles in the way. We will elaborate on that on a high level basis below.
By Dolf Campman, Regent Assay
When valuing a company, it is common knowledge that the valuation derived is calculated by Profit x Multiple. It is widely assumed that M is market driven, but this has been disproved. While all industries have a benchmark, M in the Profit x Multiple calculation can be optimised by:
By Aasim Hirji and Doug McCartney, Moodys Private Client
The need for corporate and tax advisors to collaborate is clearly evident within the context of mergers and acquisitions. A common issue in M&A is whether the parties should complete a share sale or an asset sale. In a share sale, the amount of corporate and tax due diligence required by a purchaser is significantly higher than the due diligence typically undertaken in an asset purchase. Whereas in an asset sale a purchaser can choose the assets it wants to acquire and which liabilities it is willing to assume, thereby reducing its required due diligence.
By Carole Hong Tran, FIDAG SARL
Mergers and acquisitions saw a record year of transactions and amounts in 2021. Despite the threat of new Covid-19 variants and the tightening of financing conditions, growth forecasts for 2022 are very promising.
By David Truong Lang, Viettonkin Consulting
Cultural differences have long been cited among the leading causes for M&A failures or underperformance, especially in cases of cross-border M&A or market entry M&A.
By Graham Bell, Wright, Johnston & Mackenzie LLP
Employee ownership is the exit plan that safeguards jobs and improves employee engagement. When all employees have a direct and/or indirect share ownership stake, there are unlikely to be significant external shareholders and there will be organisational structures that promote employee engagement. This can include access to information, employee participation and active expression, a commitment to staff training, and a strong organisational ethos.
By Edward Hendrickx and Carijn van Helvoirt-Franssen, EJP Accountants & Adviseurs
When a Dutch company acquires shares of another company, there are corporate income tax topics which should be considered. Please find below a non-exhaustive overview.
By David Thomas, Cascade Partners
Thesis: Selling a company doesn’t have to mean giving up 100% of your ownership. There are more alternatives than ever that allow owners to minimise equity transfer.