Treasury Advisory

Identifying and protecting value throughout the lifecycle by assessing treasury related value items; supporting management with these risks; and setting up a Treasury function of the future.

Our M&A specialists work with corporates and private equity funds to identify and price in the impact of treasury areas on entity value (FX, derivatives, cash and debt); prepare a business to operate on day 1 post completion; and transition the Treasury function from fit-for-purpose to best-in-class.

How we can help

• Quantify the impact of FX (e.g. 30-day average rates, 10% sensitivity analysis, etc.) on earnings and hence value
• Identify underlying earnings growth, by removing foreign exchange impacts, i.e. constant currency analysis
• Assess the cost of repatriating trapped cash, the value of unwinding hedges, breaking debt and the impact it has on the value of the transaction
• Build a standalone treasury function that is ready for day 1
• Combine and optimise risk management approaches

Driving value through creating operational excellence and realising potential savings from effective cash and liquidity management, bank relationships and treasury’s strategy and organisational structure.

Supporting through the life cycle of your treasury journey; delivering value from target operating models to treasury transformations aligned to business strategy and objectives.

Providing detailed insights through treasury labs and benchmarking services.

How we can help

• Enable treasury to become a strategic partner to the rest of the business by providing insights related to debt, risk management and liquidity
• Reduced financing costs through greater visibility, centralisation of cash and improved working capital
• Reduced bank charges by optimising bank relationships, bank accounts and payment flows

We help corporates and private equity funds manage the impact of financial exposures (interest rate, currency, commodity and inflation) by advising on hedging strategies, and helping with the implementation of these in the most efficient manner.

Our Hedging Advisory and Derivatives Execution (“HADE”) team possesses deep and long-standing experience in assessing the potential impact of financial exposures on a business; in the structuring and pricing of derivatives; and in the dynamics of the relevant financial markets. We assist clients with risk assessments, guide on risk mitigation strategies and support with efficient trade execution, delivering qualitative and quantitative value for organisations.

How we can help

• Optimise the management of financial risks by identifying exposures, quantifying potential risks and defining hedging strategies.
• Use our expertise in key financial markets to structure efficient hedging solutions.
• Improve hedge pricing by ensuring transparency and analysis of quotes, and through negotiation to drive charges in line with fair market levels.
• Save time and resources with our expertise and optimise the hedging outcome, while minimising operational risks or delays.

Providing deep knowledge and understanding of debt financing markets, facilitating funding options and delivering innovative financing solutions to treasury clients. The team prides itself on being not only one of the largest, but also one of the very few independent Debt, Capital & Treasury Advisory teams with genuine global coverage with over 100 professionals in the UK alone.

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Delivering valuation and accounting advice of complex treasury transactions while enabling clients to meet their financial reporting requirements. We work with CFOs and Treasurers to navigate a wide range of accounting, reporting and corporate governance challenges across the treasury lifecycle. Our team of specialists provide support to both financial institutions and corporate clients across a range of industries. Our extensive portfolio of clients means we have experience in a broad range of treasury issues against the backdrop of an ever-changing macroeconomic environment.

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Global tax rules and tax reforms create many obligations which need to be understood and operated within. Absent this, tax implications can have a significant impact on, or can change, the effectiveness and outcomes of actions that treasury teams take. Our treasury tax team optimise the tax structure of corporate treasury organisations and design tax effective hedging strategies. The works spans across operational advisory, transactional advisory, compliance and tax authority engagement.

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