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Case study
Tax due diligence for an acquisition of a Spanish company in the food sector
Audalia Nexia was instructed by a market-leading Spanish law firm, on behalf of a South America-domiciled multi-national food conglomerate with activities in production, processing and distribution.
The client challenge
The Latin America-domiciled multi-national food conglomerate wanted to acquire a well-established and nationally known Spanish food company (the “target”), which had majority owners from South America. The law firm needed Audalia Nexia to compile extensive and expedited due diligence work to ensure the seamless continuation of the acquisition process.
The solution
Nexia Audalia dutifully performed the due diligence research process and, in particular, tax-related due diligence, which provided high-level support for the final valuation of the target company and ensured the final completion of the acquisition.
Value
The engagement was successful for both parties as the transaction was completed. Due to the high level of service performed by Audalia Nexia, Nexia is now appointed as legal counsel and tax advisors of the newly acquired Spanish company, with full approval from the referring Spanish law firm.
