Dbriefs
27 Oct.

Divestitures and restructuring in times of economic uncertainty

Strategic Mergers & Acquisitions

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

Participants will gain insights into sell-side activity, including divestitures, carve-outs, spin-offs, and IPOs in the current environment, and discover ways to become a prepared seller. 

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Key takeaways

Host: Anna Lea Doyle, principal, Deloitte Consulting LLP

Presenters: Will Braeutigam, partner,  Deloitte & Touche LLP
                      David Oberst, partner,  Deloitte & Touche LLP
                      Ryan Stecz, partner, Deloitte Tax LLP

1 Overview CPE credit | Specialized Knowledge

Sell-side M&A activity proved an effective strategic tool when COVID-19 induced an economic slowdown. As M&A activity slowed dramatically in the first half of 2022, and as inflationary pressures increase, executives may again consider using strategic divestitures alongside broader restructuring activities to maintain flexibility in a challenging economic environment. Our experts will discuss: 

  • Divestiture activity and how organizations are planning amid economic uncertainty
  • Trends and considerations for the next 12–18 months
  • Lessons learned on how to preserve value and maximize proceeds for sellers

Meet the speakers

Anna Lea Doyle

Anna Lea Doyle

Global Consulting Mergers and Acquisitions Leader

Anna is the Global Consulting Mergers & Acquisitions Leader, and has over 10 years of global, cross broader M&A sales and delivery. Over 20 years she has integration and divestiture engagements ranging from $450M to $135B serving many Global Crown Jewel clients. Additionally, for the US M&A Offering, Anna leads the M&A / Restructuring Management Office Market Offering, as well as the Global Divestiture Leader.

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.

Will Braeutigam

Will Braeutigam

US Capital Markets Transactions Leader

Will is the US Capital Markets Transactions Leader and the US SPAC Leader at Deloitte & Touche LLP. In this role, he leads Accounting & Reporting Advisory (ARA) offerings related to IPO, SPACs, Acquisitions and Divestitures. He offers more than 15 years of experience providing advisory and audit services to clients. He has extensive private equity experience including auditing and/or advising portfolio companies regarding public exit strategies. He has led numerous IPO engagements including reverse mergers, SPACs (special purpose acquisition companies), recapitalizations, Up-C Structures, predecessor accounting, and SEC pre-clearance filings. He is a certified public accountant in Texas and has a Master in Professional Accounting degree from the University of Texas.

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Thursday, 27 Oct 2022 01:00 p.m. ET
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