Case Studies

QMS Media: PKF’s Corporate Finance team’s Cross-Border Transactions delivers due diligence advice to leading media company

When leading digital outdoor media company, QMS Media, required transaction and taxation assistance they turned to our PKF Corporate Finance team to deliver clear and authoritative advice.

QMS specialises in delivering clients and agency partners engaging, impactful and innovative advertising solutions across its premium digital outdoor and sports media network.

The PKF Corporate Finance team undertook due diligence for QMS, across two material transactions and within an extremely short time frame, with one of the transactions spanning three continents. Our cross-border capability allowed us to have the deep understanding of a variety of complex accounting and taxation issues and mitigation that is necessary for trans-continental business transactions to be completed successfully.

QMS Media Group CEO, Barclay Nettlefold, said the service provided by the PKF team was exceptional.

They took the time to understand our business, our concerns and what we were after – because of this we accelerated on the transactions and had the confidence to make the move, Barclay continued.

Under the engagement, the PKF Corporate Finance team provided a series of quality reports and transaction support to facilitate the successful completion of the transaction.

PKF’s independence, experience, commercial acumen, attention to detail and objectivity enabled them to provide QMS with detailed advice on several issues.

PKF Corporate Finance Partner, Steven Perri has over 20 years’ experience in assisting clients in providing due diligence or reviewing services for the purposes of identifying material risks associated with transactions, to ensure these risks are mitigated and that the maximum value is achieved for the acquirer.

As a result, we were able to provide QMS with a number of issues upon which they could rely to reduce upfront value of Purchase consideration and complete the deal with an acceptable level of risk,
Steven said.

"This was possible due to the extensive team of corporate finance and accounting professionals PKF has in key markets in Asia, the UK and Europe, North and South America."

The PKF Corporate Finance team works closely with their teams worldwide to ensure that cross border acquisition due diligence assignments are executed smoothly and efficiently, as was the case with QMS Media.

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