|
Whether a company is
raising capital, acquiring assets or looking to restructure, there is an
extensive number of issues which need to be properly considered.
Corporate advisory is
the name we give to the broader corporate work which both implements and complements
specific transactional services.
For example, a company
raising capital for its business will most likely need shareholding or
joint venture agreements, advice on directors’ duties and corporate
governance, agreements giving effect to asset acquisitions and
associated due diligence, and perhaps even dealing with enquiries and
investigations by regulatory bodies.
Some companies, on the other hand, have very strong cashflow and don't
need to, nor want to, attract equity capital from third party investors.
Instead, they are able to source bank debt to fund specific
opportunities such as acquisitions as part of a corporate growth
strategy.
Finally, at some stage through a
company’s life, it may also need to embark on capital management
programmes including share buy–backs, capital reductions and corporate
restructures. Hopefully, the company then becomes so attractive to
external parties that an exit mechanism such as a takeover, private
trade sale or listing on a recognised stock exchange, become issues the
company needs to consider.
Corporate advisory
covers all of these situations. |
