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      What we do

      Business today is under more pressure than ever to deliver better, lasting results for stakeholders, whether you need to buy, sell, partner, fund or fix your company. By thinking like an investor, we help you see beyond immediate challenges to future opportunities to drive strategic change, giving you the confidence to make the right decision at the right time.

      We combine deep sector knowledge, superior analytic tools and a global mindset with local expertise to help you achieve results. Our integrated team of specialists helps you navigate a complex, fragmented process, so you can stay out in front of the issues and make your decisions count.

      And because we’re KPMG, we have a seamless offer running from strategy through execution to real results. We have a track record of quality and reliability, not just for the next deal but for the long run.


      Our services

      The acquisition life cycle

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      How can we help

      If you are considering buying a business, KPMG’s integrated team of specialists helps you ask and answer the right questions throughout the acquisition life cycle, from developing the optimal acquisition strategy right through to delivering the expected value. As you execute your company’s growth strategy through acquisitions you will reach a number of decision points. We help buyers confidently navigate the complexities of buying a business, unlocking value at every stage. 

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      We think like an investor to help you

      • Develop an effective acquisition strategy
      • Identify and prioritize potential acquisitions
      • Conduct accurate business valuations
      • Develop and execute implementable solutions
      • Deliver real results when you buy a business

      Key questions

      Our integrated team of specialists helps you ask and answer the key questions with confidence through the critical stages of planning and executing an acquisition.


      Position yourself to gain maximum value by developing a deal strategy aligned with your corporate vision and a clear capital allocation plan.

      Identify and prioritize acquisition targets based on their availability, alignment with your deal strategy and ownership structures. You’re moving toward a successful transaction when you are able to manage stakeholders effectively and initiate contact with vendors.

      Negotiate and execute the deal with confidence by addressing issues that arise during the investigation – such as risks priced in and protection sought in sales purchase agreements (SPA) – and assessing future upsides.

      Take firm control of the new business on Day 1 by devising an effective implementation plan that balances execution at deal speed with minimal business disruption.

      Take firm control of the new business on Day 1 by devising an effective implementation plan that balances execution at deal speed with minimal business disruption.

      Develop a clear view of the target operating model and a roadmap to its realization, including addressing cultural issues and designing efficient benefit tracking models.

      Apply a best practices approach to identifying, measuring and increasing operational improvements and synergistic benefits, including determining untapped areas of value.


      Our integrated team of specialists combines knowledge, analytical tools and proprietary data to fuel smarter, faster decisions earlier in the buy side process. We can help you identify key risks and rewards throughout the acquisition life cycle – even for the most complex deals. We help you align deals with strategic business objectives, maintain compliance and realize value from integration.

      KPMG Deal Advisory

      The divestment process

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      How can we help

      If you are considering selling a business, KPMG’s integrated team of specialists works with you to ask and answer the right questions throughout the divestment process, from developing an exit strategy that helps to maximize value to enhancing your retained business. When it comes to selling a business, a successful strategy requires active portfolio management and a well-planned divestment process.

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      As an objective third-party advisor, we can help you

      • Analyze your business portfolio to maximize shareholder value
      • Assess exit strategies
      • Prepare the business for exit
      • Execute an efficient divestment process
      • Mitigate transaction risks
      • Enhance your retained business

      Key questions

      Our integrated team of specialists helps you ask and answer the key questions with confidence through the critical stages in planning and executing divestitures.


      分析業務組合的現有價值和潛在價值, 並評估所選分拆方案的風險、效益及可行性以制定戰略路徑。

      從買家的角度定位出售業務的價值。畢馬威的投資銀行專家將協助 貴公司發掘並篩選合適的買家, 代表 貴公司與買家接觸, 確保 貴公司有足夠資料供潛在競標者參考並用於出售過程。

      確保投資者獲得他們所需的訊息, 並在業務分拆時最小化價值損失。分析最佳交易結構及所需步驟, 將有助投標者了解潛在的成本及收入協同效應。

      策略性的執行交易, 全面規劃業務的分拆, 簽約前預測買家可能提出的問題。

      在完成交易的過程中保持控制, 確認監管要求, 落實業務分拆計劃, 核實買方需要的支持。

      高效完成交易以取得實際成效, 注意減少分拆分險, 幫助投資者退出過渡服務協議, 並針對保留業務執行降低擱淺成本計劃。


      Our Deal Advisory professionals are forward-looking specialists who combine deep sector knowledge with the foresight that comes from experience, to help you stay in front of the issues and avoid loss of value. From helping you understand the potential risks and rewards of a divestiture to supporting you in minimizing value leakage, we assess your situation and support your negotiating position to maximize the sales price and execute the deal with minimal disruption to business operations.

      KPMG Deal Advisory

      Joint ventures and alliances

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      How can we help

      Creating and setting up a successful joint venture or business alliance involves specialized skills. Employing a global mindset, KPMG’s integrated team of specialists supports you through the life cycle of a joint venture or alliance, giving you our global best in quality and reliable service from creation to exit.

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      KPMG’s joint venture experts can support you from pre-deal strategy through to implementation and governance as you

      • Develop an effective strategy and business plan
      • Identify the market opportunity and potential partners
      • Appraise the options and design the partnership
      • Execute the deal and plan the implementation
      • Power up your joint venture or business combination

      Key questions

      Our integrated team of specialists helps you ask and answer the key questions with confidence through the critical stages from creation to operation of a business combination.


      Develop a strategy and then determine if a partnership is the best way to achieve your goals.

      Target the right markets by analyzing market opportunity and identifying potential partners.

      Identify the best way to create value and the key success criteria. A thorough evaluation process will prepare forecasts, build business models, evaluate the risks and document the investment case.

      Design a practical operating model, legal structure, governance framework, value principles and exit strategy.

      Develop an effective and efficient deal process. Support your negotiations by drafting key documentation and testing partnership scenarios to increase protection and value.

      Ensure efficient governance and monitoring, synergy deliverance and an effective transition with a practical implementation plan.

      Prioritize issues, particularly cultural ones, and resolve them in a timely and effective manner. Tracking progress and identifying issues early will help you power up successfully.


      In some situations, the best option may be to exit the joint venture. Using a non-traditional, tailored approach to meet your needs, our globally experienced joint venture practitioners can help to preserve maximum value at this critical point of the life cycle. Whether you’re evaluating the risks and rewards of a potential opportunity, identifying potential issues or executing the deal, we give you confidence from creation to exit.

      KPMG Deal Advisory

      Raising capital

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      How can we help

      Optimizing your capital structure is essential to sustainable growth. KPMG’s integrated team of specialists guides you through the process of raising capital in both the debt and equity markets, from initial assessment and strategy through to successful execution.

      A strategic approach to defining your capital financing objectives and understanding your debt and equity financing options is essential to sustainable growth. We offer hands-on assistance through the process of raising capital, from initial assessment and strategy to successful execution. 

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      Our experienced insights and market presence help you

      • Determine funding objectives in the context of your business and growth plans
      • Evaluate the optimal capital structure for your business
      • Identify potential sources of capital and key structuring objectives
      • Approach the market and negotiate key commercial terms
      • Develop ongoing transaction-based shareholder and lender communication strategies.

      Key questions

      Our integrated team of specialists helps you ask and answer the key questions with confidence to develop and implement capital structuring transactions and raise capital in alignment with your goals.


      Formulate a strategic plan for your capital structure after assessing your business plan, financing objectives and capital requirements.

      Determine the preferred strategy to drive your business plan by analyzing existing financing arrangements, current financial performance and projections to help you assess your financing options and gauge market appetite.

      Assess the viability, challenges and opportunities of each stage of a debt or equity raise. Identifying suitable lenders and investors to approach and addressing key issues regarding investor relations, capital investment and capital structure are all part of an integrated approach.

      Study the prevailing market conditions, the appetite of prospective funders and how other sectors and markets are addressing financing needs.

      Develop an effective stakeholder engagement strategy that will drive real value over the long term. You can maintain beneficial stakeholder relationships with an investor and/or bondholder study to inform your strategic thinking and help you anticipate lender issues and market developments.


      Our integrated team of trusted advisors guides you through the process of raising capital by understanding it from an investor’s perspective. You get honest, practical advice of real value to inform your strategic decisions and help you meet your business growth objectives. Using clear and consistent communications, we can help you develop and strengthen shareholder support for the deal.

      KPMG Deal Advisory

      Solving problems and improving performance

      When you need to solve financial difficulties and improve corporate performance, KPMG’s integrated team of specialists helps you prioritize issues and focus on the right growth path. We function as a trusted advisor to help unlock value at every stage.

      In this rapidly changing environment, every company faces challenges. A step in the wrong direction can sometimes have significant effects on corporate performance and company value. KPMG’s integrated team of specialists can guide you through difficult times to deliver real results for your stakeholders.

      Our services

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      Turnaround

      Problems come in all shapes and sizes, often arriving at the same time. To improve performance, you need a trusted advisor who can help you prioritize the issues and focus on the correct growth path, unlocking value at each stage.

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      Financial Restructuring

      When a company is experiencing financial difficulties, stakeholders often look for additional information or resources to help rebuild their confidence. We can help you understand the complex landscape of borrowers, lenders and shareholders and manage stakeholder communications, so you stay in front of the issues and make the best decisions.

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      Solvency Strategies

      When a company is in distress, the management team faces many competing challenges. We help you assess the situation and, if necessary, assist you with developing an actionable insolvency plan. Working with you and your stakeholders, we help identify the growth path that will maximize available value.


      Driving strategic change

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      How can we help

      The right business transformation strategy can drive a rapid turnaround from crisis to value realization. KPMG helps you get control by reviewing your options, building a sustainable turnaround plan and executing it at deal speed in line with strategic goals. KPMG takes an objective, hands-on approach to stabilizing underperforming companies by identifying opportunities for strategic, operational, organizational and financial change. 

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      We support your business strategy to get the company back on track, optimize performance and generate sustainable value for stakeholders by helping you

      • Review your immediate options
      • Get control of your cash and liquidity positions
      • Build a sustainable business turnaround plan to improve performance
      • Execute your plan quickly in alignment with strategic goals
      • Realize value from the transformation.

      Key questions

      As an experienced third-party advisor, we understand both the risks and the rewards of strategic change. Our integrated team of specialists helps you ask and answer the key questions with confidence through the critical stages of change management.


      Review your current business and operating models, assess the requirements of your stakeholders and identify the potential value and risks of each option.

      Manage your near-term liquidity issues by enhancing cash forecasting and improving cash controls to reduce unnecessary costs. Turnaround experts with sensitivity to the sometimes disparate needs of stakeholders can help you engage the relevant parties.

      Build your turnaround plan to optimize financial returns by considering all the relevant factors: the market and competitive environment, strategic change, business constraints, management commitment, baseline financial performance, quick wins and immediate cost actions.

      Move rapidly from strategy to execution by preparing action plans, estimating costs and benefits and tracking key performance indicators. You can prepare for financial restructuring or recapitalization negotiations by putting in place the right governance structure.

      Get answers to the essential questions. Will execution of the turnaround plan be sufficient to meet stakeholder requirements? To the extent a recapitalization is needed, is investment by capital injection or refinancing by debt or equity offerings the right path?


      Our integrated team of specialists helps you prioritize issues and focus on growth with a seamless offer from strategy through execution to achieve real results. We help stabilize your business and establish solid ground for a turnaround by assessing your liquidity position and creating a stakeholder management plan. We can assist your analysis of whether to fix, sell or close the company and the feasibility and strategic fit of each option.

      KPMG Deal Advisory

      Rising to the challenge

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      How can we help

      KPMG’s integrated team of specialists guides you through the intense challenges of a financial restructuring, conducting liquidity analysis, developing a range of implementable capital structure options and helping you support the business with ongoing monitoring. Even the most capable business leaders often need additional resources to tackle the intense challenges of financial restructuring and debt refinancing.

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      We help to address the concerns of both borrowers and lenders, delivering real results by drawing on our team’s specialist skills to help you

      • Undertake a liquidity analysis and determine the company’s liquidity ratio
      • Assess the company’s performance, business plan and restructuring options
      • Gain stakeholder support
      • Develop an achievable plan of action that builds in contingencies
      • Implement the restructuring efficiently and effectively
      • Monitor ongoing performance and identify any variances

      Key questions

      Our integrated team of specialists helps you ask and answer the key questions with confidence as you navigate a corporate restructuring to achieve sustainable strategic, operational and financial change.


      Find strategies to potential shortfalls with a detailed liquidity analysis and assessment of stakeholder priorities to ensure support for a restructuring, refinancing or debt/equity swap.

      Challenge the current strategy, business plan and even management team to assess whether they can turn the business around, so you can identify and implement the changes needed to help maximize your value potential.

      Identify points of leverage and determine a strategy for stakeholder negotiations that allows continued support for business performance and cash flow.

      Develop a range of implementable capital structure options and maintain contingency plans that take stakeholder appetite and motivation into account.

      Make a smooth transition by drafting the necessary term sheets and final agreements, determining whether lock-up arrangements are needed and enhancing value from the execution of any disposals.

      Monitor performance against agreed-upon benchmarks and business plans and address any variances from forecast performance to help maximize value.


      Our integrated team of specialists has the capabilities to help unlock value at each stage gate and execute decisions to achieve real results. We help you assess financial performance and liquidity, review your immediate value options and address any potential risks to stability to prevent value erosion and ensure a speedy recovery.

      KPMG Deal Advisory

      Navigating the process

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      How can we help

      Insolvency can be a difficult time. KPMG’s integrated team of specialists helps you develop a properly designed and executed plan that will enable you to manage the complex financial, regulatory and legal obligations and give you a strong base from which to rescue your business. Together, we’ll find solvency strategies that work.

      Insolvency, like any other business transaction, presents both risks and opportunities. Properly designed and executed, a solvency strategy enables you to manage the complex financial, regulatory and legal obligations of an insolvency in order to realize value for both the company and its creditors. 

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      Aligned to make complex matters manageable, our integrated team of specialists helps you

      • Determine the extent and urgency of the distress
      • Assess short-term value options
      • Gain stakeholder support
      • Develop an achievable insolvency plan
      • Implement and monitor the plan to maximize value

      Key questions

      Our integrated team of specialists helps you ask and answer the key questions with confidence through the development, implementation and completion of an insolvency.


      Assess the level of distress and the timeframe in which action is needed. Identifying the insolvency options that are likely to provide a return to creditors, highlighting any requirements for new money and forecasting risks will help you focus on short-term wins and protect value.

      Assess the relative merits of the available procedures, including their ability to maximize value, the level of stakeholder engagement and consent they require, the timeframe and the degree of control they give you. Having more than one option can increase your negotiating strength.

      Preparing for Day 1 involves proper filing of extensive appointment/ initiation documents and the strategic disclosure of information as well as an effective communication policy to secure stakeholder support. Refreshing your strategy as stakeholder dynamics change and contingency data become outdated will enable you to navigate the complex documentation required to formalize the insolvency.

      Support the strategic goals of the insolvency by monitoring progress carefully and managing multiple work streams. Value can be increased by both planned and unplanned developments, so take an organized but flexible approach to the implementation process.

      Evaluate exit routes to determine which one results in the least damage to the asset and the best return for creditors. An exit plan that accommodates any unexpected or lingering issues will provide a strong base from which to rescue your business.


      Our integrated team of specialists has the ability to implement decisions, not just plan and recommend. We help you assess the impact and risks of various options, identify the right filing jurisdiction, and prepare a detailed insolvency plan that addresses the concerns of all stakeholders. We support you as you position your company for a return to full health and financial standing.

      KPMG Deal Advisory



      Our people

      Steven Chen

      Managing Partner of KPMG Deal Advisory Limited. Managing Partner of KPMG Real Estate Advisory Co., Ltd. Head of Infrastructure, Government and Renewable Industry.

      KPMG in Taiwan

      Vincent Chang

      Head of PE, Partner, Board Member of KPMG Deal Advisory Limited.

      KPMG in Taiwan

      Jerry Chu

      Partner

      KPMG in Taiwan

      Jesse Chen

      Deputy Head of Advisory, Partner

      KPMG in Taiwan