25 Jan.

Be a prepared seller: Divestitures accounting and tax considerations

M&A and Restructuring

Wednesday, 01:00 p.m.  ET | 1 hr
Credits offered: CPE Event language: English

Participants will identify key accounting and tax considerations that can help them become prepared sellers and maximize deal value.

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Key takeaways

Host: Clif Mathews, partner, Deloitte & Touche LLP

Presenters: Brenda Ciampolillo, managing director, Deloitte & Touche LLP
                      David Oberst, partner, Deloitte & Touche LLP 
                       Ryan Stecz, partner, Deloitte Tax LLP                                        

1.0 Overview CPE credit | Specialized Knowledge

In the current inflationary environment, divestiture activity—including carve-outs and spin-offs—is increasing as organizations seek to maintain flexibility and resiliency in the midst of economic uncertainty. While deal volume in the divestiture market has declined from 2021, there is still strong demand in the marketplace and lack of preparation can cause timeline delays, loss of value, and additional layers of disruption. We’ll discuss:

  •  Ways to proactively work toward better sell-side outcomes 
  • Accounting and tax considerations to prepare for a divestiture transaction, including diligence planning 
  • Key focus areas and common challenges

Meet the speakers

Ryan J. Stecz

Ryan J. Stecz

M&A Tax Partner

Ryan is a partner with Deloitte Tax LLP in the M&A Transaction Services practice, based in Chicago. Ryan has more than 20 years of public accounting experience including more than 15 years as a dedicated M&A specialist. He has experience in advising financial and strategic buyers on due diligence and deal structuring in a range of industries including consumer and industrial products, healthcare, and technology. Further, Ryan has significant experience advising clients on sell side transactions including the preparation of carve-out financial statements, vendor due diligence reports, tax structuring and modeling exercises, and the tax implications associated with selling S corporations. Ryan’s experience in advising financial and strategic buyers on due diligence and deal structuring in a range of industries has provided him with deep insights into the sell-side process as well as the needs and motivations of acquiring entities. He has been a leading contributor to several articles covering tax aspects of preparing carve-out financial statements and selling S corporations. Ryan has spoken on a variety of M&A sell side related topics including vendor due diligence best practices, tax considerations of carve-out financial statements and selling Subchapter S corporations. He has also been a guest-lecturer at the University of Notre Dame’s Masters in Taxation program. He currently serves as a member of the St. Benedict Preparatory school’s endowment board.

David Oberst

David Oberst

Partner | M&A Transaction Services

David is a partner at Deloitte & Touche LLP in the US and is a certified public accountant (CPA) licensed in IL and CT. He received his master’s in accounting from the Eli Broad College of Business at Michigan State University. David completed a rotation within the SEC Services group at Deloitte’s National office, where he provided consultative services on SEC reporting matters. He has been with Deloitte for 15 years and currently oversees sell-side transactions, including divestitures, carve-outs, spin-offs, and IPOs in the TMT sector.

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Wednesday, 25 Jan 2023 01:00 p.m. ET
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