PwC’s US deals practice has grown to nearly 1,600 professionals, a 12 per cent increase, focused on assisting clients with strategic merger and acquisition (M&A) and capital raising efforts.
"As businesses seek to capitalise on the current economic climate and succeed in a highly competitive deal environment, we continue to invest in our deals team to help clients make better business decisions on their transactions and help them focus on the right deals at the right time," says Martyn Curragh, PwC’s US deals leader. "Our deals business has continued to grow amid the restrained M&A environment, showcasing dealmakers’ need for support across industries in helping them with strategic acquisition, divestiture and capital raising objectives."
Seven new experienced professionals have joined PwC’s deals practice across various specialty areas including valuations, business recovery services, integration, capital markets and tax:
• Steve Shanker, partner, central region valuations leader, Chicago
• John Bittner, partner, business recovery services, Dallas
• Gabe Gartner, principal, M&A tax, San Jose
• Todd McArthur, principal, M&A tax, Washington, D.C.
• Bill Fasel, managing director, business recovery services, Chicago
• Khaled Haram, managing director, M&A advisory, New York
• Joe Nuzzolo, managing director, capital markets, New York
PwC has also admitted 17 deals professionals into the firm’s partnership and promoted four managing directors. Globally, there are more than 13,000 deals professionals across the PwC network.
"Today’s highly competitive deal environment demands that buyers bring industry knowledge and operational experience into the deal process," says Tim Hartnett, PwC’s global and US private equity leader. "The breadth and depth of our growing deals team, which draws M&A professionals from across PwC, coupled with talented professionals from PwC’s recent acquisitions, strengthens our core ability to help organisations achieve growth and maintain competitive advantage, while reducing uncertainty from the deal process."
