Service: Mergers & Acquisitions

M&A Advisory

Our M&A Advisory services support European and global companies across the full transaction lifecycle involving Indian targets or assets. We advise on both buy-side and sell-side transactions, combining strategic insight with rigorous execution support. Our role typically begins at the opportunity identification stage, supporting target search and strategic screening, and extends through due diligence coordination, valuation input, transaction structuring, and SPA negotiations. We work as an integrated interface between investors, Indian counterparties, advisors, and internal stakeholders, ensuring alignment across commercial, legal, tax, and financial dimensions. Particular attention is paid to India-specific risks, regulatory considerations, governance expectations, and post-transaction integration challenges. Beyond signing and closing, we support clients with post-merger planning to ensure operational continuity and value realisation. Our approach is pragmatic, transparent, and aligned with European investment committee expectations, enabling decision-makers to navigate complex cross-border transactions with confidence.

Our focus areas

Our M&A advisory approach is designed to provide end-to-end transaction clarity and control.

• Target identification and strategic screening
• Coordination of commercial, legal, tax, and financial due diligence
• Valuation inputs and deal-economics analysis
• SPA and transaction documentation support
• Regulatory and closing coordination
• Post-merger integration planning

These focus areas ensure transactions are not only completed but successfully embedded into the group.

Our strengths

Our strength lies in acting as a single, accountable advisor across workstreams.

• Deep cross-border M&A experience with European investors
• Strong coordination across legal, tax, and finance advisors
• Clear communication with boards and investment committees
• Strong understanding of Indian deal dynamics
• Execution discipline from origination to integration

This enables smoother transactions and better investment outcomes.

Corporate Law M&A

Our Corporate Law M&A services focus on the legal execution of mergers, acquisitions, restructurings, and reorganisations involving Indian entities. We support clients through all legal stages of the transaction, from structuring and documentation to regulatory approvals and post-closing implementation. Our team is experienced in drafting and negotiating SPAs, share subscription agreements, shareholders’ agreements, and related ancillary documents in line with international deal standards. We work closely with European counsel to ensure consistency with group-level transaction frameworks while addressing India-specific legal and regulatory requirements. Post-closing, we assist with corporate reorganisations, governance updates, and statutory filings to ensure seamless integration. Our approach balances technical precision with commercial practicality, enabling transactions to progress efficiently while protecting client interests.

Our focus areas

Our legal support is structured to ensure certainty, compliance, and execution efficiency.

• Transaction structuring and legal architecture
• Drafting and negotiation of SPAs and ancillary agreements
• Regulatory approvals and statutory filings
• Closing coordination and implementation
• Post-closing reorganisations and clean-ups

These focus areas ensure legal robustness across the transaction lifecycle.

Our strengths

Our legal capability combines international standards with Indian execution expertise.

• Lawyers experienced in cross-border M&A transactions
• Familiarity with European deal documentation practices
• Efficient collaboration with European legal teams
• Clear, precise drafting in English
• Strong focus on timelines and execution certainty

This ensures legally sound and commercially aligned transactions.

Taxation M&A

Our Taxation M&A services provide comprehensive tax support for acquisitions, divestments, and group reorganisations involving India. We assist clients in identifying tax risks and opportunities at an early stage and designing tax-efficient acquisition and financing structures that align with commercial objectives and regulatory requirements. Our work includes detailed tax due diligence, assessment of historic exposures, and evaluation of transaction structuring alternatives. We also support the design of step-plans and post-deal tax integration, ensuring that intended structures are practically implementable and sustainable. Close coordination with corporate, legal, and finance teams ensures that tax considerations are embedded into transaction decision-making rather than treated as an afterthought. Our advice is grounded in current Indian tax law, treaty interpretation, and administrative practice, with a strong focus on clarity and defensibility.

Our focus areas

Our tax advisory is designed to support informed transaction decisions and smooth integration.

• Tax due diligence and risk assessment
• Acquisition and financing structuring
• Step-plan and reorganisation design
• Cross-border tax considerations
• Post-deal tax integration and alignment

These focus areas ensure tax efficiency without compromising compliance.

Our strengths

Our strength lies in translating complex tax issues into clear business decisions.

• Close integration with corporate and finance teams
• Clear articulation of risks and opportunities
• Practical, implementation-oriented advice
• Strong understanding of Indian tax administration
• Continued support beyond transaction closing

This enables sustainable and defensible tax outcomes.

Business Valuations

Our Business Valuation services provide independent, objective valuations for transactions, financial reporting, restructuring exercises, and shareholder matters involving Indian businesses. We support clients across a wide range of valuation contexts, including acquisitions, divestments, impairment testing, purchase price allocation, and fairness assessments. Our valuations are grounded in recognised international standards and tailored to the expectations of auditors, group controllers, and investment committees. We combine rigorous financial analysis with a deep understanding of India-specific market dynamics, regulatory factors, and risk profiles. Our models are transparent, well-documented, and designed to withstand scrutiny from auditors and stakeholders. The outcome is a defensible valuation that supports sound decision-making and governance.

Our focus areas

Our valuation work is designed to support transactions and governance requirements.

• Equity and enterprise valuations
• Transaction and deal-support valuations
• Purchase price allocation inputs
• Impairment testing support
• Fairness and shareholder assessments

These focus areas ensure valuations are robust, transparent, and decision-useful.

Our strengths

Our valuation capability combines technical rigour with stakeholder awareness.

• Use of recognised valuation methodologies
• Familiarity with audit and group reporting expectations
• Transparent, review-friendly models
• Clear assumptions and documentation
• Independent and objective perspective

This ensures credibility with all transaction stakeholders.

Financial Modelling

Our Financial Modelling services support investment decisions, strategic planning, and scenario analysis for India-related projects and transactions. We develop robust, flexible models that reflect the commercial, regulatory, and operational realities of operating in India. Our models are used for investment cases, business planning, funding assessments, and stress testing under multiple scenarios. Particular emphasis is placed on clarity of assumptions, logical structure, and auditability, ensuring models can be reviewed and used confidently by group finance teams and investment committees. We also support sensitivity analysis and funding-structure simulations to help management understand risk exposures and return drivers. Each model is delivered with clear documentation and handover support to enable ongoing internal use.

Our focus areas

Our modelling work is designed to support decision-making under uncertainty.

• Project and business-plan models
• Integrated financial projections
• Sensitivity and scenario analysis
• Funding and capital-structure simulations
• Model review and refinement

These focus areas ensure models remain practical and decision-oriented.

Our strengths

Our modelling strength lies in combining analytical depth with usability.

• Modellers with consulting and industry backgrounds
• Strong understanding of investor and board requirements
• Clear structure and transparent assumptions
• Detailed documentation and handover
• Models designed for ongoing internal use

This enables finance teams to rely on models beyond the transaction phase.