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Financial reporting advisory
Our Financial Reporting Advisory team helps clients understand changes in accounting standards and develop change strategies.
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Advisory Services
Every business is different, the challenges they face vary but all need bespoke solutions. Businesses also share common ground when it comes to striving for reducing costs and improving efficiencies.
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Audit and Assurance Services
Grant Thornton’s audit methodology harnesses proven processes and cutting-edge technology to deliver business benefits.
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Transaction Advisory Services
Transactions are significant events in the life of a business, so the stakes are high for both buyers and sellers.
Transaction momentum building
Companies are increasingly focused on high-quality strategic transactions, with less time spent on investigating peripheral opportunities, according to our annual tracker of business leader M&A intentions. Despites some familiar challenges and uncertainties, underlying growth is relatively strong in many developed economies, while other key metrics such as interest rates, employment and availability of funding are also positive. The historically cyclical transaction market may well be at a point where the objectives and valuations of buyers are broadly aligned according to our research.
A growing appetite for acquisitions
In an improving M&A market (33% of business leaders globally plan to grow through acquisition over the next three years - see chart below), acquirers are becoming more selective about which opportunities they spend their time on. And with market activity increasing, the prospects for strategic M&A activity over the next three years are also on the rise.
Vendor confidence returns
The supply of available targets is key for a successful M&A market. Since the financial crisis potential vendors confidence in achieving a successful exit has been low, driven by modest financial performance, valuation concerns and perceived transaction risks, such as availability of buyer funding.
A changing funding landscape
A key element in an active M&A market is confidence in the ability to fund transactions. Whilst retained earnings remain a significant source of funding, our 2015 report indicates a major breakthrough in the confidence to secure bank funding. This reflects the increasing liquidity in the debt market, particularly as the alternative lending sector continues to grow. 57% of respondents expect to finance deals through debt compared to only 48% in each of the last two years (see chart below).
More information
- view the results going back to 2008 using our data visualisation tool
- read the press release
- talk to your local firm about how Grant Thornton can help unlock your organisation's growth potential