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3 min read | 19 Jun 2023

June 30 is fast approaching, and with it comes tax scammers, the escalating cost of living means their activity is on the rise, we outline some scams for you to be aware of.

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3 min read | 04 May 2023

Over the past 18 months, we have seen a consistent level of deal activity despite significant headwinds which have impacted the Agribusiness, Food & Beverage (Ag, F&B) sector and the broader economy. Through our analysis of 1,466 global transactions for the Ag, F&B sector in the 18-month period to December 2022, transaction multiples have remained strong – a pleasing result for businesses undertaking divestment activity.

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Insight A treasure hunt: the process of tracing assets

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| 2 min read | 04 Oct 2022

Asset tracing is a process whereby forensic accountants and investigators ‘follow the money’ by locating assets of value to an individual or company that have been misappropriated. Asset tracing is usually undertaken for the purposes of recovery, often as part of formal insolvency processes or in support of ongoing litigation or fraud investigations. It involves a complex analysis to identify assets and the flow of funds, requiring a combined skillset of forensic accounting, investigation and technology. Engaging forensic accountants specialising in asset tracing can make a substantial difference in what misappropriated assets are recovered and exactly how much.

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The business landscape is fast-moving and ever changing, especially with the global pandemic still in play. Whether a business is trying to raise cash, restructure, reduce debt or facing bankruptcy, divestment can be a key way to reduce costs, repay debt, refocus a business and streamline operations.

How we help

We partner with clients across the entire divestment process – from the assessment of your asset portfolio, to the closure of the divestment deal – to ensure you achieve all strategic ambitions and optimal outcomes for all stakeholders. Backed by a full-service corporate tax, finance and advisory firm and global network, our divestiture services start with meticulous planning and due diligence.

Our approach is tailored to reduce the burden on management and ensure you continue to focus on your business during the process. Through regular meetings and communication, we ensure there is transparency through all stages of the process to keep key stakeholders informed of the progress.

Divestment process & indicative pathway

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Partner & National Head of Corporate Finance

Holly Stiles

Learn more about Holly Stiles

What is divestiture?

Divestiture (or divestment) means selling an asset, business interest or investments.

It can help a business to repay its debts, cut costs, streamline operations, and in turn, increase resale value or enhance stockholder value. It can also help private business founders and owners realise value from a lifetime of work.
There are a number of ways that divestiture can occur: full sale, partial sale, sale of subsidiary, and demerger.

Case study: Sale of Box+Dice

Client challenge

Founded in Melbourne in 2005, Box+Dice has grown to become one of Australia's most successful real estate customer relationship management companies, servicing over 1,150 offices across Australia and New Zealand. Once Travis Williams, owner and CEO of Box+Dice, decided he was interested in selling the business, he wanted to ensure he received a premium price for his years of hard work, whilst also ensuring Box+Dice and its people would continue to be supported in the future.

The solution

Through initial discussions with Travis, Grant Thornton was able to determine the best way to present the business through the creation of an Information Brief to send to interested parties. Grant Thornton contacted a number of potential buyers in the early stages of the process, as part of a targeted buyer list focusing on companies with complementary strategies. Through a series of discussions, a shortlist of buyers was established, with negotiations held with parties to determine the most suitable buyer for Box+Dice. After a period of consideration and negotiation, the most suitable buyer was selected as they best satisfied Travis’ criteria.

The outcome

The acquirer, MRI Software, is a global property software company looking to expand their operations in the Asia-Pacific region. From a strategic point of view, the purchase of Box+Dice integrates nicely with their current product offering, and will enhance synergies within the company. MRI was able to pay the premium price, and also detail a clear plan of how Box+Dice will be part of MRI’s strategy going forward, and how they intend to continue to support Box+Dice’s product.

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Divestments

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Divestment process & indicative pathway

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Case study: Sale of Box+Dice

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