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Private Equity
PwC’s private equity team provides comprehensive solutions to a wide range of issues and technical challenges. From identifying the right deals and assessing the risks, to sourcing the best specialists, to ensuring that the fund is successfully set up.
Unlocking the complexity of private equity
The intelligent approach is to have a single, dedicated financial adviser who is aligned with your funds’ objectives, connecting you with the right resources at the right time to ensure success at every stage of your fund’s full lifecycle.
PwC cuts through the complexity of private equity and provides lifecycle support – from inception, through acquisition, to post-deal support and exit. Our expertise spans a range of private equity services to support your needs in fund audit, fund operations and management, tax services, due diligence, consulting, ESG, IPO, digital solutions and more. It is all delivered through one team, one point of contact and one goal – your success.
PwC India, the leading transaction advisor* in the private equity space, is the one-stop shop offering the entire gamut of services required right from inception, through acquisition, to post-deal support, portfolio management and exit. The firm’s team of 500+ experts help to drive performance optimisation and growth enhancement of portfolio companies across the deal lifecycle. In addition, the team also advises on fund-level strategies, sustainability, portfolio operations, and digital enablement.
*PwC has been ranked as the #1 PE Transaction Advisor, by value and volume, (all services included) on the Venture Intelligence league tables for 2023 - for the 10th consecutive year.
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PwC Private Equity Services
Hand holding clients through each stage of their journey. Click on the icons to learn more.
- Financial and Tax Due Diligence
- Commercial, IT, HR Diligence
- ESG, Integrity Diligence
- Buy-outs, investments, divestituries, exit and carve-outs
- Scouting, shorting targets
- Valuations
- Negotiations and deals closures
- Transactions structuring
- Tax and regulatory Compliance
- Post acquisition integration
- Value creation
- Fund Set Up: End-to-end services
- Ongoing tax and regulatory compliance
- Litigation Support: PE Focused Team
- Audit and accounting advisory
- Performance Improvement
- HR, IT and finance effectiveness
- Working capital management
- Strategic sourcing and restructuring
- ERP Implementation
- Cyber Security, Data and Cloud
- IPO and exit readiness
Our services
How we bring our private equity expertise to you Through one team, one point of contact and one goal – your success
Whether you are setting up a new fund or looking to raise a new investment for an existing fund, we have all the expertise to help you structure your fund in a tax-efficient manner.
Our professionals can help you navigate the maze of tax and regulatory issues that arise when determining how the fund will make its investments, taking into account both the tax position of your investors and your carried interest/co-investment arrangements.
PwC can advise you throughout the transaction process- right from deal origination to deal consummation. We use our industry expertise and global network to help you identify and evaluate potential acquisition and bolt-on targets. We coordinate the input of other advisers and assist in negotiations through to completion.
We can advise you on the best time to start the sale process, how to optimise the growth story, minimise any value detractors, and identify and assess which buyers to approach. Our Corporate Finance & Investment Banking (CFIB) team ensures a smooth process for all stakeholders.
Our integrated service model includes financial, operational and commercial due diligence. We advise on public to private transactions.
Our dedicated team of professionals will ensure that your deal is executed in an efficient manner and that the acquisition structure meets your future plans for the business, including an efficient exit.
We have a range of solutions specifically designed to tackle potential value erosion at the portfolio company level.
PwC’s team of operations consultants can help your portfolio companies become more efficient, more competitive and reduce bottlenecks in the supply chain. The firm’s corporate finance teams can help identify bolt-on acquisitions or pursue strategic debt refinancing. The tax team will ensure that your portfolio companies are tax-efficient and are structured to provide for a tax-efficient exit.
Many portfolio companies will face financial pressures during an economic downturn due to reduced operating cash flow, reduced borrowing capacity and covenant compliance. Anticipating pressure points and having effective tactics to deal with them is essential. We have extensive experience in helping businesses to optimise cash management and corporate finance professionals who will work with you and your portfolio companies to develop practical funding solutions that maintain control and minimise costs.
Create new opportunities in a changing world
Now is the time for private equity and principal investors to reimagine what’s possible.. To help clients build trust and deliver sustainable outcomes, PwC India’s community of solvers brings together deep industry expertise and advanced tech capabilities to identify risks and uncover opportunities. Find out how PwC can support you, from your investment thesis to transaction and post-deal value creation to an exit strategy
Working with PwC
PwC India’s community of solvers help create value at every stage of the transaction, from purchase through to optimisation and exit. Private equity clients have access to a single point of contact for wide-ranging solutions to challenges at every level of their private equity business. As a leading private equity advisory firm in India, PwC acts as a single point for PE clients on fund structuring, deal origination and execution, post deal services and PE exit planning including the tax aspects.
Services for every stage of the private equity lifecycle
The process of setting up a new private equity fund as well as raising investments for an existing fund is challenging.
There are questions around market opportunities and the size of the prize, as well as practical concerns about how to design investment structures, and how best to manage tax, financial and other regulatory requirements.
That is why our team of experienced assurance, tax and advisory professionals are here to work with you every step of the way – whether you are a new venture, a fund manager or a portfolio company – to help you navigate the do’s and don’ts of setting up a private equity fund and raising investments. Deals.
- Fund audit
- Fund financial reporting and portfolio management systems advisory
- Internal control and regulatory compliance advisory
- Fund structuring planning
- Deal professional individual level
- Tax, regulatory and legal advisory and compliance at fund level via technology (e.g. Digital PFIC Testing)
- Fund placement support
- Limited partners (LP) and general partners (GP) sourcing and introduction
- LP and GP agreement support
- GP due diligence
- ESG integration in investment strategy
- GP and fund responsible investment policies
- Fund-level ESG objective and target setting
- ESG report and disclosures
As you move to the next stage of the deal cycle, finding the target company at the right price is half the battle won. However, in an increasingly competitive environment, how do you cut through the noise to find a strategic fit for your investment needs? And how do you generate enough quality leads to outperform your competitors and maintain deal flow?
These questions require a clear understanding of the types of investments in which your fund excels in, as well as extensive market knowledge and connections.
Integrated due diligence, not limited to financial, tax, commercial, legal and HR, is necessary to help you identify growth drivers and risk factors that affect potential synergies and costs. Meanwhile, valuation, which can vary by industry, is also crucial to assess whether the price is right.
At PwC, we can help you maximise your value throughout the deal flow process with a team of strategy consultants and sector deals, tax and audit specialists. Deals.
- Purchase price allocation (PPA) accounting
- Closing audit of target companies
- Tax and legal due diligence
- Tax and legal structuring advice and implementation
- Tax transaction cost analysis
- Tax modelling
- Fund flow analysis
- Sales and purchase agreement (SPA) review and negotiation support
- Deal determination
- Deal evaluation
- Comprehensive due diligence (including finance, taxation, business, HR, IT, data technology, operations, law, etc.)
- Buy-side pre-investment analysis
- ESG and SFDR screening questionnaire
- ESG due diligence and red flag assessments
- ESG action plans / 100-day plan
Effective, timely and meaningful integration with the portfolio company lays the foundation for a fruitful and long-term association.
How do managers turn around a newly acquired business and realise synergies? What should be the priority: cutting costs, optimising operations, motivating people or all the above?
In divestitures and carve-outs, short-term solutions such as a transactional services agreement may be needed to keep operations going until a longer-term solution is in place.
Meanwhile, the reality is that a range of performance improvement measures are needed simultaneously, requiring both attentions to detail and expertise in areas such as financial reporting, tax regulation, IT and operations, human resources and internal controls.
Our team of experts with sectoral speciality can conduct a comprehensive health-check of the portfolio company and assist you to identify and implement the right mix of the required short-term and long-term solutions. Working with investee companies.
- Audit of portfolio companies on holding companies
- Finance function effectiveness and internal advisory control
- Accounting advisory
- Tax, regulatory and legal compliance at portfolio level via technology (e.g. entities management system, tax reporting and strategy (TRS))
- Value creation plan and delivery
- Ongoing tax review and health check
- Pre-IPO restructuring and employee stock ownership (ESOP) planning
- Post-investment control support (including financial, HR, IT, etc.)
- Portfolio performance improvement (including cash and working capital, organisational structure, operational cost, reporting system, compliance and ESG)
- Deal valuation
- Debt and capital advisory
- Dispute advisory
- ESG KPIs and target setting, data collection and monitoring; greenhouse gas (GHG) footprint, etc.
- Portfolio company (PortCo) engagement (assessments; training; sustainability strategy development, value creation initiatives and roadmaps)
- Climate-related risk and opportunity assessments, scenario analysis
- ESG fund reporting
The timing and the mode of exit are critical to maximise tax-efficient investor returns and future fundraising potential.
One needs to evaluate the myriad of exit alternatives including an initial public offering, strategic acquisition, secondary sale or management buy-back, requires forward thinking and planning to ensure that the right pieces are in the right place at the right time to maximise both fundraising potential and investor return. Our team of specialists can work with you to assess your options at every step of the way, sharing our global insights on fundraising, origination, capital market developments and listing requirements within India and international stock exchanges. Deals.
- IPO audits
- Pre-IPO financial effectiveness, IPO readiness review
- Vendor due diligence and assistance
- Exit tax planning and support
- SPA review and negotiation support
- Foreign exchange (FX) remittance
- Exit transactions
- Business recovery and special situations
- PE secondary exits support and valuation
- Vendor ESG due diligence
- Corrective action plans prior to exit
- IPO readiness
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Contact Us
Bhavin Shah
PE leader, PwC India
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