DCS provides expert comprehensive Mergers & Acquisitions (M&A) advisory services to both public sector and private sector clients within the industry sectors that we cover which include the infrastructure, energy & utilities, industrials, oil & gas and real estate sectors. Related to M&A advisory services, we also provide governments with expert services related to the analysis, evaluation and execution of privatization opportunities, which fall within this advisory service category. Many of our affiliate experts are former investment bankers, lawyers, advisors and consultants who have decades of M&A experience working at some of the world's top investment banks, law firms, "big four" and other M&A advisory firms. Other affiliates have had executive roles within companies or governments that have undertaken M&A and privatization transactions. Our broad and deep global M&A experience, knowledge, skills and "know how" in the sectors we cover provide our clients with unparalleled value and resourcefulness.
Our M&A and privatization advisory practice is integral to our sectoral coverage, such as infrastructure and energy & utilities. There are many cases where our clients such as railway or telecommunications companies, utilities, port operators or other similar companies may seek to divest of certain infrastructure assets and businesses so as to allow them to better focus on their core service operations. Under market unbundling regimes, our utilities clients may also be required to unbundle their generation, transmission, distribution, sales & supply and trading businesses. Logistics companies may wish to divest of certain infrastructure, vehicle and real estate assets. Infrastructure funds may wish to divest of or acquire certain operational infrastructure assets. Each of these these situations exemplifies the critical requirement for our integrated M&A advisory services.
We serve our "sell-side" and "buy side" M&A and privatization transactions, under a number of different share of asset transaction structures:
In cases where we serve as the "Sell Side Advisor" on behalf of the owners of the target business or asset, we bring provide the full spectrum of expert M&A / privatization services to our clients, including:
In cases where we serve as the "Buy Side Advisor" on behalf of a potential buyer of the target business or assets, we bring the full spectrum of expert M&A services to our clients, including:
In many cases, an M&A or privatization transaction in the infrastructure and energy & utilities sectors will also involve a PPP/P3 contractual structure (concession, lease, use and service agreements), offtake agreement or may be subject to regulated utility regime. In these cases DCS can provide the specific expertise, which can allow the sale and transfer of the business or assets to occur most efficiently. In particular, as it relates to privatizations, PPP/P3's and the sale of regulated companies and assets, DCS experts also possess the necessary expertise to review all project agreements, applicable regulations and legislation to determine whether an specific approvals, decrees or waivers need to sought or if enabling legislation needs to be enacted in order to complete the transaction.
DCS advisors are able to provide M&A and privatization advisory services on a stand-alone basis on behalf of public and private sector clients who are pursuing any sale/divestiture or purchase/acquisition of a business or asset. In certain cases, as M&A and privatization advisory will be only one element of a larger project delivery program, DCS will also be providing other complementary transaction advisory services in relation to other transaction elements. Our preference is always to provide such comprehensive transaction advisory services and coordinate all elements of the transaction, including project financing on behalf of our clients.
Under any M&A or privatization advisory mandate, DCS will draw from our vast global network of veteran industry expert advisor affiliates and our relationship consultants in order to assemble the most appropriate team to match the specific needs of the transaction at hand. This will always include leadership of DCS affiliate experts who possess decades of global M&A and privatization experience related to the specific sector and transaction type. In any M&A or privatization advisory service mandate, our preferred role is always to serve as the lead project/program manager. Within this role we are also able to assist in the selection and procurement (or subcontracting) and management of other advisors, including local and international legal, technical, tax, commercial and due diligence advisors or other specialized advisors, as the specific transaction may require. To the extent that other third-party advisors are required, there are many value added advantages of allowing DCS to assist in the procurement of these advisors. First, DCS expert affiliates themselves possess many of the legal, technical, commercial and managerial skill sets and we are best positioned to determine which additional outside third-party skill sets are required and which firms or individuals should be hired in these roles. Secondly, transaction advisors are often very complex undertakings, requiring the management and coordination of many simultaneous workstreams. DCS advisors are experts in project and program management services and are ideally suited to manage and coordinate a multi-dimensional advisory team most efficiently and effectively.
Complementing our M&A and privatization advisory services, DCS advisors offer the following complementary advisory services that may be applicable, dependent on the specific M&A/privatization transaction situation.
DCS experts provide comprehensive M&A and privatization transaction advisory services in the following sectors that we specialize in. Please click on the below links to learn more about the sectors that we cover:
DCS experts provide comprehensive M&A and privatization transaction advisory services to the following categories of clients: