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	<title>Transactions Blog &#187; acquisition</title>
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	<link>http://www.pwcblogs.be/transactions</link>
	<description>Our experts&#039;comments on Mergers and Acquisitions</description>
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		<title>PwC Belgium Supports Fung Brands&#8217; to Buy Delvaux</title>
		<link>http://www.pwcblogs.be/transactions/2011/10/pwc-belgium-supports-fung-brands-to-buy-delvaux/</link>
		<comments>http://www.pwcblogs.be/transactions/2011/10/pwc-belgium-supports-fung-brands-to-buy-delvaux/#comments</comments>
		<pubDate>Mon, 03 Oct 2011 11:15:24 +0000</pubDate>
		<dc:creator>Geoffroy Jonckheere</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[Chinese acquisition]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=850</guid>
		<description><![CDATA[ The acquisition of Delvaux, the world&#8217;s oldest luxury leather company (based in Belgium), by Chinese investment group Fung Brands is now completed. The fund from Hong Kong&#8217;s wealthy Fung family has bought the majority of Delvaux&#8217;s shares, to facilitate the luxury brand&#8217;s international expansion. The Schwennicke family, being the owner of Delvaux since the early [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2011/10/pwc-belgium-supports-fung-brands-to-buy-delvaux/' addthis:title='PwC Belgium Supports Fung Brands&#8217; to Buy Delvaux ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Family Business Survey 2010</title>
		<link>http://www.pwcblogs.be/transactions/2010/12/family-business-survey-2010/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/12/family-business-survey-2010/#comments</comments>
		<pubDate>Wed, 08 Dec 2010 15:08:57 +0000</pubDate>
		<dc:creator>Katrien Persoons</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[family business]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=758</guid>
		<description><![CDATA[We are pleased to present you the Belgian results of the &#8216;Family Business Survey 2010&#8216;, which aims to familiarise you with some of the typical issues and challenges that family business owners are facing today and how they are preparing for the future.  Our national survey was based on an international survey and so useful [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/12/family-business-survey-2010/' addthis:title='Family Business Survey 2010 ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A Academy: Preparing your business for a successful sale: understand key value drivers as well as potential detractors</title>
		<link>http://www.pwcblogs.be/transactions/2010/11/ma-academy-preparing-your-business-for-a-successful-sale-understand-key-value-drivers-as-wel-as-potential-detractors/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/11/ma-academy-preparing-your-business-for-a-successful-sale-understand-key-value-drivers-as-wel-as-potential-detractors/#comments</comments>
		<pubDate>Thu, 25 Nov 2010 16:42:03 +0000</pubDate>
		<dc:creator>Katrien Persoons</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Presentation]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[deals]]></category>
		<category><![CDATA[sale]]></category>
		<category><![CDATA[selling]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=741</guid>
		<description><![CDATA[Selling a business can be the most important deal of an entrepreneur’s career with far-reaching financial and emotional consequences. Most of the time, the seller is in the unique position to prepare and plan well before any information about a potential sale is known in the market. Regardless the size or turnover of the business, [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/11/ma-academy-preparing-your-business-for-a-successful-sale-understand-key-value-drivers-as-wel-as-potential-detractors/' addthis:title='M&#38;A Academy: Preparing your business for a successful sale: understand key value drivers as well as potential detractors ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>M&amp;A Academy: &#8220;How can real estate become a financing means for your company today?&#8221;</title>
		<link>http://www.pwcblogs.be/transactions/2010/03/ma-academy-how-can-real-estate-become-a-financing-means-for-your-company-today/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/03/ma-academy-how-can-real-estate-become-a-financing-means-for-your-company-today/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 13:33:10 +0000</pubDate>
		<dc:creator>Sophie Van Durme</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Presentation]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[acquisitions]]></category>
		<category><![CDATA[financing]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[M&A Academy]]></category>
		<category><![CDATA[mergers]]></category>
		<category><![CDATA[OpCo]]></category>
		<category><![CDATA[PropCo]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Transactions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=588</guid>
		<description><![CDATA[Market studies chave shown that over the last years the total accounting value of all lands and buildings of the 30.000 biggest BelCo&#8217;s amounts to EUR 50 billion. When you know that the market value of said assets equals minimum 3 times their accounting value, this represents a dramatic hidden value in the current market [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/03/ma-academy-how-can-real-estate-become-a-financing-means-for-your-company-today/' addthis:title='M&#38;A Academy: &#8220;How can real estate become a financing means for your company today?&#8221; ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A Academy &#8211; &#8220;Tax implications of business restructuring&#8221;</title>
		<link>http://www.pwcblogs.be/transactions/2010/02/ma-academy-tax-implications-of-business-restructuring/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/02/ma-academy-tax-implications-of-business-restructuring/#comments</comments>
		<pubDate>Thu, 25 Feb 2010 13:46:27 +0000</pubDate>
		<dc:creator>Sophie Van Durme</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Presentation]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[business restructuring]]></category>
		<category><![CDATA[corporate finance]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>
		<category><![CDATA[restructuring]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Transactions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=561</guid>
		<description><![CDATA[2008 and 2009 are challenging times for the M&#38;A market due to the lack of available funding. Many investors and international groups are looking for cost-cutting opportunities and cash optimisation. During the 5th session of our M&#38;A Academy, we tried to evaluate how reshaping your conventional business model towards a more flexible structure can help [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/02/ma-academy-tax-implications-of-business-restructuring/' addthis:title='M&#38;A Academy &#8211; &#8220;Tax implications of business restructuring&#8221; ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>China M&amp;A activity bouncing back from the downturn</title>
		<link>http://www.pwcblogs.be/transactions/2010/01/china-ma-activity-bouncing-back-from-the-downturn/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/01/china-ma-activity-bouncing-back-from-the-downturn/#comments</comments>
		<pubDate>Tue, 05 Jan 2010 09:33:01 +0000</pubDate>
		<dc:creator>Barbara Van Dyck</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=507</guid>
		<description><![CDATA[The PwC China M&#038;A press release revealed that domestic and inbound M&#038;A deal volumes in China (including Hong Kong and Macau) in the second half of 2009 are returning to robust 2008 levels, indicating that the impact of the global economic downturn on China M&#038;A seems to have been short lived. More than 1,800 domestic [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/01/china-ma-activity-bouncing-back-from-the-downturn/' addthis:title='China M&#38;A activity bouncing back from the downturn ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2010/01/china-ma-activity-bouncing-back-from-the-downturn/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Prepare your business structure for the another challenging year</title>
		<link>http://www.pwcblogs.be/transactions/2009/12/prepare-your-business-structure-for-the-another-challenging-year/</link>
		<comments>http://www.pwcblogs.be/transactions/2009/12/prepare-your-business-structure-for-the-another-challenging-year/#comments</comments>
		<pubDate>Mon, 14 Dec 2009 10:59:18 +0000</pubDate>
		<dc:creator>Nancy De Beule</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[belgian tax law]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[Transactions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=501</guid>
		<description><![CDATA[2008-2009 were challenging times for the M&#38;A market due to the lack of available funding. Many investors and international groups are looking for cost-cutting opportunities and cash optimization.   Reshaping your conventional business model towards a more flexible structure can help you in for example the improvement of your business model, tax credits optimisation and/or [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2009/12/prepare-your-business-structure-for-the-another-challenging-year/' addthis:title='Prepare your business structure for the another challenging year ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2009/12/prepare-your-business-structure-for-the-another-challenging-year/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Impact of IFRS 3 Revised on acquisition’s accounting and earnings</title>
		<link>http://www.pwcblogs.be/transactions/2009/06/impact-of-ifrs-3-revised-on-acquisition%e2%80%99s-accounting-and-earnings/</link>
		<comments>http://www.pwcblogs.be/transactions/2009/06/impact-of-ifrs-3-revised-on-acquisition%e2%80%99s-accounting-and-earnings/#comments</comments>
		<pubDate>Wed, 10 Jun 2009 10:30:42 +0000</pubDate>
		<dc:creator>Veronique Gillis</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[due diligence]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[valuations]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=125</guid>
		<description><![CDATA[Accounting for acquisitions has changed. The International Accounting Standards Board released a revised standard on business combinations in January 2008 (IFRS 3 Revised), accompanied by a revised standard on consolidated financial statements (IAS 27 Revised).  The new standards are expected to add to earnings volatility, making earnings harder to predict.  PwC has produced a guide [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2009/06/impact-of-ifrs-3-revised-on-acquisition%e2%80%99s-accounting-and-earnings/' addthis:title='Impact of IFRS 3 Revised on acquisition’s accounting and earnings ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2009/06/impact-of-ifrs-3-revised-on-acquisition%e2%80%99s-accounting-and-earnings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Opportunities for your business after the New Merger Law</title>
		<link>http://www.pwcblogs.be/transactions/2009/01/opportunities-for-your-business-after-the-new-merger-law/</link>
		<comments>http://www.pwcblogs.be/transactions/2009/01/opportunities-for-your-business-after-the-new-merger-law/#comments</comments>
		<pubDate>Fri, 30 Jan 2009 15:07:25 +0000</pubDate>
		<dc:creator>Nancy Van de Voorde</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[cross-border]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[Reorganisation]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Transactions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=142</guid>
		<description><![CDATA[A new Tax Act Implementing the EU Tax Merger Directive into Belgian law was published in the Belgian Official Gazette on the 12th January and came into force immediately. The act introduces a tax-free regime for cross-border reorganisations. In addition, it also brings the existing tax provisions applicable to internal reorganizations in line with the [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2009/01/opportunities-for-your-business-after-the-new-merger-law/' addthis:title='Opportunities for your business after the New Merger Law ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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