{"id":1113,"date":"2016-07-25T11:56:32","date_gmt":"2016-07-25T09:56:32","guid":{"rendered":"https:\/\/dev.rbagroupe.com\/en\/financial-advisory\/"},"modified":"2019-03-14T15:20:07","modified_gmt":"2019-03-14T14:20:07","slug":"financial-advisory","status":"publish","type":"page","link":"https:\/\/dev.rbagroupe.com\/en\/financial-advisory\/","title":{"rendered":"Financial advisory"},"content":{"rendered":"<section  class=\"hcode-row-1 bg-image-srcset fix-background\" style=\"background-image: url(https:\/\/dev.rbagroupe.com\/wp-content\/uploads\/2016\/08\/bg-bandeau-nos-references.jpg);\" data-bg-srcset=\"https:\/\/dev.rbagroupe.com\/wp-content\/uploads\/2016\/08\/bg-bandeau-nos-references.jpg 1920w, https:\/\/dev.rbagroupe.com\/wp-content\/uploads\/2016\/08\/bg-bandeau-nos-references-300x172.jpg 300w, https:\/\/dev.rbagroupe.com\/wp-content\/uploads\/2016\/08\/bg-bandeau-nos-references-768x440.jpg 768w, https:\/\/dev.rbagroupe.com\/wp-content\/uploads\/2016\/08\/bg-bandeau-nos-references-1024x587.jpg 1024w\"><div class=\"container\"><div class=\"row\"><div class=\"wpb_column hcode-column-container text-center vc_col-sm-12 col-xs-mobile-fullwidth\" data-front-class=\"text-center col-xs-mobile-fullwidth\"><div class=\"vc-column-innner-wrapper\"><h4 class=\"section-title padding-two-bottom white-text\">Financial advisory<\/h4><h1 class=\"section-title no-padding margin-one-bottom xs-margin-five-bottom white-text\">Flagship projects<\/h1><div class=\"margin-0auto separator-line\" style=\" background:#e51549;height:4;\"><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"padding-three-top no-margin-top\" style=\"background-color:#f4f4f4;\"><div class=\"container\"><div class=\"row\"><div class=\"wpb_column hcode-column-container text-left vc_col-sm-6 col-xs-mobile-fullwidth\" data-front-class=\"text-left col-xs-mobile-fullwidth\"><div class=\"vc-column-innner-wrapper\"><h5 class=\"section-title no-padding-bottom margin-top-30px\" style=\" color:#e51549; \">RBA has always been called upon to weigh in for clients during complex and delicate assignments sometimes involving several countries, bringing experts with different specialties together: lawyers, notaries, merchant banks.<\/h5><div class=\"margin-top-30px\"><p><strong>The firm is reputed for its in-depth analyses, the relevance of its packages and the innovative character of its positions, becoming a reference in certain sectors, such as the audiovisual industry.<\/strong><br \/>\n<strong>Several international big businesses have called upon RBA\u2019s specialized expertise during their lifecycle, on subjects as diverse as international restructuring, litigation resolution, national and international legal restructuring,...<\/strong><br \/>\n<strong>These special, sometimes flagship, operations led by RBA represent a third of the firm\u2019s activity, a substantial percentage for a firm of human proportions. They contribute to promoting RBA\u2019s good reputation and to providing a firm base for dealing with a variety of subjects in a specialized way.<\/strong><\/p>\n<\/div><\/div><\/div><div class=\"wpb_column hcode-column-container text-left vc_col-sm-5 vc_col-lg-offset-1 col-xs-mobile-fullwidth\" data-front-class=\"text-left col-xs-mobile-fullwidth\"><div class=\"vc-column-innner-wrapper\"><div  class=\"testimonial-style2\"><p>\u00ab I met the RBA associates for the first time about 15 years ago, when I was in charge of Liberty Surf\u2019s external growth operations\/activities. The advice given by RBA at the time has proved both judicious and precious, not just for the company, but also for its shareholders and management teams.<\/p>\n<p>Today, as part of my responsibilities as a Mid Cap M&amp;A Manager for Cr\u00e9dit Suisse, I was involved in a company transfer and was able to see first-hand that RBA\u2019s clients still trust the firm immensely. It was a great pleasure for me to lead this transaction successfully with RBA.\u201d \u00bb<\/p>\n<span class=\"name light-gray-text2 hcode-featurebox-1\" style=\"color:#000000;\">Manuel Lasry - CREDIT SUISSE (Luxembourg) S.A., overseas branch (France) - Mid Cap M&amp;A Manager<\/span><i class=\"fa-solid fa-quote-left small-icon display-block margin-five no-margin-bottom\" style=\"color:#e51549;\"><\/i><\/div><\/div><\/div><\/div><\/div><\/section><section style=\"background-color:#e51549;\"><div class=\"container\"><div class=\"row\"><div class=\"wpb_column hcode-column-container text-center vc_col-sm-12 col-xs-mobile-fullwidth\" data-front-class=\"text-center col-xs-mobile-fullwidth\"><div class=\"vc-column-innner-wrapper\"><h5 class=\"section-title no-padding-bottom no-margin-bottom white-text\">Restructuring, Mergers and Acquisitions, Assignor and assignee due diligence, Stock exchange listings\/IPOs, Company evaluations (litigation), due diligence and risk assessment within a framework of growth contribution, Asset engineering , Financial restructuring: debt negotiation and funding LBO\/OBO operations <br \/> (leveraged buy out\/owner buy out)<\/h5><\/div><\/div><\/div><\/div><\/section><section><div class=\"container\"><div class=\"row\"><div class=\"wpb_column hcode-column-container vc_col-sm-12 vc_col-md-4 col-xs-mobile-fullwidth\" data-front-class=\"col-xs-mobile-fullwidth\"><div class=\"vc-column-innner-wrapper\"><span class=\"title-large text-uppercase letter-spacing-1 font-weight-600 black-text\" >Case<\/span><div class=\"separator-line-thick bg-fast-pink no-margin-lr\"><\/div><p>Case of a flagship project: transfer of a listed distribution company.<\/p>\n<\/div><\/div><div class=\"wpb_column hcode-column-container vc_col-sm-12 vc_col-md-offset-1 vc_col-md-7 col-xs-mobile-fullwidth\" data-front-class=\"col-xs-mobile-fullwidth\"><div class=\"vc-column-innner-wrapper\"><div class=\"panel-group accordion-style3\" id=\"1469807726\" ><div class=\"panel panel-default\"><div class=\"panel-heading active-accordion\"><a data-toggle=\"collapse\" data-parent=\"#1469807726\" href=\"#accordian-panel-1\"><h4 class=\"panel-title\" >Challenge<span class=\"pull-right\"><i class=\"fa-solid fa-angle-up\"><\/i><\/span><\/h4><\/a><\/div><div id=\"accordian-panel-1\" class=\"panel-collapse collapse in\"><div class=\"panel-body\"><p>Definition of the definitive selling price<\/p>\n<\/div><\/div><\/div><div class=\"panel panel-default\"><div class=\"panel-heading \"><a data-toggle=\"collapse\" data-parent=\"#1469807726\" href=\"#accordian-panel-2\"><h4 class=\"panel-title\" >RBA\u2019s mission<span class=\"pull-right\"><i class=\"fa-solid fa-angle-down\"><\/i><\/span><\/h4><\/a><\/div><div id=\"accordian-panel-2\" class=\"panel-collapse collapse \"><div class=\"panel-body\"><ul>\n<li>The parties requested that RBA determine the definitive selling price, given the contractual documents and financial elements. The presiding judge was also President of the Commercial Chamber of the Supreme Court.<\/li>\n<li>RBA examined the problem, the evidence provided by each party and additional documents that were requested in order to reach a decision.<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"panel panel-default\"><div class=\"panel-heading \"><a data-toggle=\"collapse\" data-parent=\"#1469807726\" href=\"#accordian-panel-3\"><h4 class=\"panel-title\" >Result<span class=\"pull-right\"><i class=\"fa-solid fa-angle-down\"><\/i><\/span><\/h4><\/a><\/div><div id=\"accordian-panel-3\" class=\"panel-collapse collapse \"><div class=\"panel-body\"><p>The parties reached an agreement on the definitive selling price.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section><div class=\"container\"><div class=\"row\"><div class=\"wpb_column hcode-column-container vc_col-sm-12 vc_col-md-4 col-xs-mobile-fullwidth\" data-front-class=\"col-xs-mobile-fullwidth\"><div class=\"vc-column-innner-wrapper\"><span class=\"title-large text-uppercase letter-spacing-1 font-weight-600 black-text\" >Case<\/span><div class=\"separator-line-thick bg-fast-pink no-margin-lr\"><\/div><\/div><\/div><div class=\"wpb_column hcode-column-container vc_col-sm-12 vc_col-md-offset-1 vc_col-md-7 col-xs-mobile-fullwidth\" data-front-class=\"col-xs-mobile-fullwidth\"><div class=\"vc-column-innner-wrapper\"><div class=\"panel-group accordion-style3\" id=\"1469807726\" ><div class=\"panel panel-default\"><div class=\"panel-heading active-accordion\"><a data-toggle=\"collapse\" data-parent=\"#1469807726\" href=\"#accordian-panel-5\"><h4 class=\"panel-title\" >Challenge<span class=\"pull-right\"><i class=\"fa-solid fa-angle-up\"><\/i><\/span><\/h4><\/a><\/div><div id=\"accordian-panel-5\" class=\"panel-collapse collapse in\"><div class=\"panel-body\"><p><span style=\"font-weight: 400;\">Reconcile French and US tax rules in a leveraged buyout.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"panel panel-default\"><div class=\"panel-heading \"><a data-toggle=\"collapse\" data-parent=\"#1469807726\" href=\"#accordian-panel-6\"><h4 class=\"panel-title\" >RBA\u2019s mission<span class=\"pull-right\"><i class=\"fa-solid fa-angle-down\"><\/i><\/span><\/h4><\/a><\/div><div id=\"accordian-panel-6\" class=\"panel-collapse collapse \"><div class=\"panel-body\"><p>To propose the optimal structure of the transaction.<\/p>\n<\/div><\/div><\/div><div class=\"panel panel-default\"><div class=\"panel-heading \"><a data-toggle=\"collapse\" data-parent=\"#1469807726\" href=\"#accordian-panel-7\"><h4 class=\"panel-title\" >Key facts<span class=\"pull-right\"><i class=\"fa-solid fa-angle-down\"><\/i><\/span><\/h4><\/a><\/div><div id=\"accordian-panel-7\" class=\"panel-collapse collapse \"><div class=\"panel-body\"><p><span style=\"font-weight: 400;\">A client (natural person), residing in the USA, owned a building which was rented to a company operating a hotel in Paris (SH).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wishing to acquire the hotel\u2019s operating company via an LBO, it was decided to form a holding company in order to purchase the equity in the hotel including the building.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The holding company (H) should then become the head of the group, integrated with SH.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<\/div><\/div><\/div><div class=\"panel panel-default\"><div class=\"panel-heading \"><a data-toggle=\"collapse\" data-parent=\"#1469807726\" href=\"#accordian-panel-8\"><h4 class=\"panel-title\" >Issue<span class=\"pull-right\"><i class=\"fa-solid fa-angle-down\"><\/i><\/span><\/h4><\/a><\/div><div id=\"accordian-panel-8\" class=\"panel-collapse collapse \"><div class=\"panel-body\"><p>Under French tax regulations, the transfer of the property to H is exempt from tax and social contributions on the capital gain due to the length of the ownership.<\/p>\n<p>Under US tax law, the capital gain on sales of property is taxable unless SH is a company that is not subject to corporation tax.<br \/>\nSuch a solution, would however deny the desired tax consolidation and the parent-subsidiary dividend scheme from SH to H, which is necessary to repay the financing credit required for the acquisition.<\/p>\n<\/div><\/div><\/div><div class=\"panel panel-default\"><div class=\"panel-heading \"><a data-toggle=\"collapse\" data-parent=\"#1469807726\" href=\"#accordian-panel-9\"><h4 class=\"panel-title\" >Resolution<span class=\"pull-right\"><i class=\"fa-solid fa-angle-down\"><\/i><\/span><\/h4><\/a><\/div><div id=\"accordian-panel-9\" class=\"panel-collapse collapse \"><div class=\"panel-body\"><p>Together with the customer\u2019s US consultant, RBA proposed the creation of an SASU (Soci\u00e9t\u00e9 par Actions Simplifi\u00e9es Unipersonnelle \/ Simplified Limited Company) which although it is subject to corporation tax allows to apply the \"check-the-box\" regulation in the US, resulting in the delay of the taxation of capital gain on the sale of the building.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>","protected":false},"excerpt":{"rendered":"<p>Financial advisoryFlagship projectsRBA has always been called upon to weigh in for clients during complex and delicate assignments sometimes involving several countries, bringing experts with different specialties together: lawyers, notaries, merchant banks.The firm is reputed for its in-depth analyses, the relevance of its packages and the innovative character of its positions, becoming a reference in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"RBA group guides its clients in complex or delicate transactions: merger \/ acquisition, IPO, financial restructuring, debt of financing 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