Mergers, Acquisition and Divestitures
VERVE assists a Fortune 50 client with several transactions, including a $68 Billion acquisition, two $2 Billion divestitures, and an $11 Billion divestiture along with a variety of collaboration and joint venture agreements. Our team of diverse project management consultants assisted in several functional areas, providing subject matter expertise, strategic guidance and additional resources as the client had limited staff to work on supporting the transaction, integration and carve-out activities, while doing their ‘business as usual’ functions.
Technical Accounting Guidance for Ongoing Business Development Projects: As an interim member of our client’s technical accounting advisory team VERVE reviews transaction contracts to provide accounting guidance and to propose alternative structures to achieve the desired results. This includes:
- Providing due diligence support and purchase accounting guidance to divisional operational, financial, and legal staff to help ensure that business and accounting, both internal and external, objectives are met
- Identifying and analyzing the accounting and reporting issues of acquisitions, divestitures, collaborations, co-promotion and licensing arrangements and strategic investments by reviewing proposals, contracts, term sheets, executive summary memos, and other related documents in addition to holding discussions with appropriate Company personnel
Technical Accounting Lead: VERVE provided leadership on a strategic balance sheet segmentation project VERVE’s role on this highly visible technical accounting and Excel driven initiative included project management, strategy, coordination with the functional groups and technical assistance.