In brief: LightHouse LHLF supports companies and investors on the tax aspects of their M&A transactions, from due diligence to structuring.
Any disposal, acquisition or combination involves a major tax issue: it affects the price, the security of the transaction and the return on investment. From due diligence to documentation, the tax treatment must be anticipated and negotiated. We secure and optimise your transactions.
We identify the target’s tax risks and their impact on the price and guarantees.
Choice of vehicle, financing, tax consolidation: we structure the acquisition to optimise its cost.
We support leveraged transactions and their deductibility and consolidation issues.
We negotiate and draft the tax aspects of representations and warranties.
We secure the taxation of executives and managers involved in the transaction.
Mergers, contributions, demergers: we apply favourable regimes to neutralise the cost of reorganisations.
Contribution-disposal, deferral and rollover relief: we optimise the taxation of the disposal and reinvestment.
It is the audit of a target’s tax risks before acquisition. It informs the price, the structuring and the scope of the guarantees requested from the seller.
Several mechanisms exist (allowances, contribution-disposal with deferral, reinvestment). Anticipation is essential to benefit from them.
Certain restructurings benefit from deferral or tax neutrality, under conditions, avoiding immediate taxation of capital gains.
It is the set of instruments (shares, warrants, etc.) involving executives in the capital. Its taxation, scrutinised by the authorities, must be carefully structured.