We advise our clients on the accounting aspects of SPAs. Working closely with the core Deloitte team and lawyers, we provide support throughout the SPA drafting and negotiation process, identifying commercial issues early and ensuring these are appropriately reflected in the SPA so that they can be converted into real value.

Whenever you are doing a transaction, our teams can assist with:

• Making a structured offer at the commencement of the deal
• Structuring the purchase price adjustment mechanism in the SPA;
• A “locked box” mechanism;
• Agreeing net asset or normal working capital targets;
• Accounting hierarchy/policies and definitions for the completion accounts;
• Leakage protection; and
• Accounting warranties and indemnities.