PwC Launches Valuation Services in the US and Announces New Leadership
PricewaterhouseCoopers yesterday announced the launch of a U.S. valuation practice that offers a full range of valuation services. Valuation assessments provide critical input for a variety of corporate initiatives, including evaluating and structuring transactions; managing accounting, financial reporting and tax matters; resolving value- related issues surrounding disputes; and assessing strategic and tactical options that support business decision-making. By finding issues early and embedding applied valuation skills with financial reporting, tax, strategic and industry expertise, PwC believes it has created a service for non-audit clients that is truly distinctive in the market.
PwC has organized its valuation services into two teams. The Transaction Services Accounting and Valuation Advisory practice offers services that help companies meet financial reporting and tax valuation requirements, especially those related to M&A transactions. John Glynn, a New York partner, former SEC professional accounting fellow, and PwC’s representative to the Appraisal Issues Task Force will lead this practice. Mark Haller, a Chicago-based partner and leader of PwC’s Economics and Strategy practice will head the firm’s Business Analytics team that offers applied valuation analysis and advisory services that help companies make business decisions.
“As financial reporting moves to a fair value model, companies must deal with fair value issues every day, and nowhere are these issues more complex than when companies do deals”, Glynn noted. “By getting involved early and considering a company’s clearly defined business needs and goals, we help clients get valuation right the first time, and think through the financial reporting and tax consequences of transactions and other initiatives. We can offer this because our practice brings together professionals with technical accounting, tax and valuation expertise.”
In describing his part of the practice, Haller notes that his team specializes in analyses that help companies make better business decisions. “We apply analytical approaches often dependent on value assessment and relative value modeling to help our clients to make important choices on strategic and tactical matters. Our work adds quantitative support that refines and sometimes even can alter a client’s assumptions on issues such as new market entry and competitive threats, dispute resolution, changing and emerging business models, internal investment choices, product pricing, product rationalization and extension, and customer value assessment. Our rigorous analysis produces the detailed information companies need to make important decisions with greater speed.”
With the U.S. launch, PwC can deliver valuation services worldwide through a team of over 1,550 dedicated valuation professionals.
The Transaction Services group of PricewaterhouseCoopers (www.pwc.com/ustransactionservices) offers a deal process that helps clients bid smarter, close faster, and realize profits sooner on mergers, acquisitions, sales and financing transactions. Dedicated deal teams operate from 16 U.S. cities and 126 locations in North America, Latin America, Europe and Asia.
Business Analytics is part of PricewaterhouseCoopers Advisory (www.pwc.com/advisory) which brings together experienced, credentialed valuation specialists along with a broader group of quantitatively trained, strategically savvy, and industry focused professionals who help clients execute strategy and make decisions on important issues, supported by hard facts and insightful analysis.
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 130,000 people in 148 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.