Assurance on capital market transactions

We advise companies raising debt or equity capital in the London capital markets. We offer tailored advice to a broad range of businesses from smaller, entrepreneurial companies to sophisticated national or multinational companies that regularly use the international capital markets.

Advice on equity transactions covers all stages of the process, from preparing for life as a public company, selecting the right capital market and establishing the right team of advisers, to advising on regulatory issues. This advice includes compliance with the listing and prospectus rules. We also help companies convert to / or from IFRS, UK GAAP or US GAAP; establish the right project management structure; and anticipate the potential pitfalls companies face in preparing for the public capital markets.

European debt transactions typically involve a Eurobond issue or Euro Medium Term Note Programme (EMTN) listed on the stock exchange in London, Luxembourg or another country in the European Union. We provide our clients with a comprehensive array of services ranging from the provision of comfort letters supporting disclosure in offering documents to such services as asset pool due diligence, consistency checks of financial models underpinning transactions and project management skills for large and complex deals.

How we can support you
More about this service

Potential issues

• You have no experience of what it means to be a public company or how to achieve your goal of becoming one
• You need to understand which market is right for you and what regulations and market practice you will need to comply with
• You are unclear as to who should be on your advisory team, what you should expect from them and what is a realistic timetable for your transaction
• Your financial record is complicated by a reorganisation, de-merger of operations or changes in accounting policies and you need to understand how it should be presented to investors
• You need additional expertise and resource to project manage your transaction as your own resources and management time will be fully stretched during the process
• You want to avoid any pitfalls in terms of successfully executing your transaction to the timetable
• You need help in understanding how to continue to comply with regulation and investor expectation once you have become a public company
• You are interested in Eurobond issue or Euro Medium Term Note Programme (EMTN).

  How we can support you

• An independent view of the critical issues in accessing a particular capital market
• An unbiased evaluation of which advisers are right for you
• Experience of guiding management and companies unfamiliar with the IPO process
• Unrivalled experience of dealing with the regulatory rules and market practice in the UK and the US to spot in advance and iron out difficulties
• Ability to project manage key parts of your transaction to timetable.

For assurance on capital market transactions PwC provides

• Pre-IPO workshops
• Reporting on financial track records in prospectuses
• Conversions to IFRS or US or UK GAAP
• 'Long form' and working capital due diligence reviews
• Corporate governance and systems reviews
• Market and operational due diligence
• Comfort letters on prospectus disclosure
• Assisting in resolving issues with stock market regulators
• Other reports required by regulatory authorities.