Pilar Tarry
Partner & Managing Director, Chicago
Value creation, transformation, and growth through M&A
At every stage of a deal, companies and investors face critical opportunities to create value - or destroy it. Liquidity, market uncertainty, and fluctuations in valuations raise the stakes even higher. Speed to results has never been more critical. You need a partner with a bias to action, who can deliver value now.
Our global team of M&A experts have walked in your shoes. We support you at every step of your transaction journey, building market share through both expansion and consolidation, creating value through operating improvements & synergies, optimizing a strong portfolio, and realizing a digital (r)evolution.
We partner closely with executives and investors across industries to ensure successful outcomes at each stage of the deal lifecycle, from strategy and diligence to acquisition, value capture and exit.
Experienced M&A Professionals
Global M&A transactions in the last three years
Due diligence projects in 2021
Our approach supports a fast process with less disruption to buyer and seller, delivering higher transaction value and greater returns across all stages of the deal lifecycle.
“You guys have the smarts of [other leading consulting firms], but the operational focus we need to actually get the work done.”
Client operating executive
“Hands-down one of the most rigorous and impactful projects I’ve seen in my career.”
Client operating executive
Our approach supports a fast process with less disruption to buyer and seller, delivering higher transaction value and greater returns across all stages of the deal lifecycle.
When a business has to undertake a turnaround or undergo a restructuring, understanding the M&A and debt options available is vital to preserving, enhancing, or realizing value. We have a long track record of providing time-critical advice to clients on equity or debt raising, refinancing, debt restructuring, or accelerated M&A.
Our hands-on approach led by our senior professionals plus our combination of transaction, operational, and restructuring expertise enables us to identify opportunities and solutions that others cannot.
When a business has to undertake a turnaround or undergo a restructuring, understanding the M&A and debt options available is vital to preserving, enhancing, or realizing value. We have a long track record of providing time-critical advice to clients on equity or debt raising, refinancing, debt restructuring, or accelerated M&A.
Our hands-on approach led by our senior professionals plus our combination of transaction, operational, and restructuring expertise enables us to identify opportunities and solutions that others cannot.
Pre-Deal
Industry attractiveness and sector insights
Target identification and screening
Operations and IT due diligence
Commercial due diligence
Management due diligence
Transaction advisory
Pensions
Legal & regulatory support
Signing | Completion
Onboarding
Operational assessment
Setting value enhancement priorities
Post-Deal
Revenue growth
Sales force effectiveness
Cash forecasting and liquidity management
Business plan development
Leadership team effectiveness and organization design
Operational facility performance and network improvements
Integration | Carve-out
Post-merger integration
Carve-out
Exit
Divestiture preparation
Transaction advisory
Sell-side due diligence
PRE-DEAL
We use our deep industry knowledge, wide global network, and rapid, data-driven approach to identify and evaluate potential deals to uncover the highest-value opportunities.
Industry attractiveness and sector insights
Perform systematic sector screening, based on extensive sector experience and research, considering trends, growth areas, developments and issues
Target identification and screening
Generate deals and review potential M&A transactions; evaluate transactions’ rational and value potential
Operations and IT due diligence
Perform implementation-focused due diligence, highlighting and quantifying opportunities, costs, execution priorities, issues, and red flags
Commercial due diligence
Review commercial considerations related to market dynamics, competitive landscape, customer/client feedback, growth opportunities, and risk
Management due diligence
Assess management capabilities and performance track record; review proposed incentives and potential impact on business deliverables
Corporate finance and debt advisory
Provide M&A lead advisory services, trade and asset sales, debt advisory, business valuations, and private equity fundraising
Pensions
Provide M&A transactions advisory, including potential regulatory considerations and negotiation support
Legal & Regulatory Support
Provide regulatory and legal support, working together with partners, around antitrust issues, potential litigation, and disputes
Transaction advisory
Provide M&A lead advisory, trade and asset sales, debt advisory services; prepare business plan and investment rationale; perform valuation; identify buyers
Our “quick start program” spans onboarding, assessments, and prioritization, and enables the new entity to begin creating value as soon as the deal is signed.
Onboarding
Operational assessment
Setting value enhancement priorities
Using our proprietary data mining capabilities and analysis, we build a full-potential program that helps new companies achieve real results on the top line, the bottom line, and across all business lines.
Revenue growth
Cash and working capital management
Organizational effectiveness
Profit improvement
The decisions surrounding a transaction are critical. We work with urgency and a relentless focus on results to maximize deal value, both before and after the deal.
Post-merger integration
Ensure strict EBITDA focus; assess leadership; integrate the organization, culture, systems, and processes; develop and realize synergies; provide clean room support; establish and execute PMO; buy and build support
Carve-out
Separate the organizations, segregate duties, establish governance structures; develop standalone financial reporting; de-couple systems and processes; separate operations; analyze and review separation costs; provide M&A lead advisory and project management
Exit readiness
Prepare exit readiness/reparation (pre-500 days); prepare management; provide exit support and stakeholder management
Transaction advisory
Provide M&A lead advisory, trade and asset sales, debt advisory services; prepare business plan and investment rationale; perform valuation; identify buyers
Sell-side due diligence
Perform operations, IT, and commercial due diligence
Value creation, transformation, and growth through M&A
At every stage of a deal, companies and investors face critical opportunities to create value - or destroy it. Liquidity, market uncertainty, and fluctuations in valuations raise the stakes even higher. Speed to results has never been more critical. You need a partner with a bias to action, who can deliver value now.
Our global team of M&A experts have walked in your shoes. We support you at every step of your transaction journey, building market share through both expansion and consolidation, creating value through operating improvements & synergies, optimizing a strong portfolio, and realizing a digital (r)evolution.
We partner closely with executives and investors across industries to ensure successful outcomes at each stage of the deal lifecycle, from strategy and diligence to acquisition, value capture and exit.
Experienced M&A Professionals
Global M&A transactions in the last three years
Due diligence projects in 2021
Our approach supports a fast process with less disruption to buyer and seller, delivering higher transaction value and greater returns across all stages of the deal lifecycle.
“You guys have the smarts of [other leading consulting firms], but the operational focus we need to actually get the work done.”
Client operating executive
“Hands-down one of the most rigorous and impactful projects I’ve seen in my career.”
Client operating executive
Our approach supports a fast process with less disruption to buyer and seller, delivering higher transaction value and greater returns across all stages of the deal lifecycle.
When a business has to undertake a turnaround or undergo a restructuring, understanding the M&A and debt options available is vital to preserving, enhancing, or realizing value. We have a long track record of providing time-critical advice to clients on equity or debt raising, refinancing, debt restructuring, or accelerated M&A.
Our hands-on approach led by our senior professionals plus our combination of transaction, operational, and restructuring expertise enables us to identify opportunities and solutions that others cannot.
When a business has to undertake a turnaround or undergo a restructuring, understanding the M&A and debt options available is vital to preserving, enhancing, or realizing value. We have a long track record of providing time-critical advice to clients on equity or debt raising, refinancing, debt restructuring, or accelerated M&A.
Our hands-on approach led by our senior professionals plus our combination of transaction, operational, and restructuring expertise enables us to identify opportunities and solutions that others cannot.
Pre-Deal
Industry attractiveness and sector insights
Target identification and screening
Operations and IT due diligence
Commercial due diligence
Management due diligence
Transaction advisory
Pensions
Legal & regulatory support
Signing | Completion
Onboarding
Operational assessment
Setting value enhancement priorities
Post-Deal
Revenue growth
Sales force effectiveness
Cash forecasting and liquidity management
Business plan development
Leadership team effectiveness and organization design
Operational facility performance and network improvements
Integration | Carve-out
Post-merger integration
Carve-out
Exit
Divestiture preparation
Transaction advisory
Sell-side due diligence
PRE-DEAL
We use our deep industry knowledge, wide global network, and rapid, data-driven approach to identify and evaluate potential deals to uncover the highest-value opportunities.
Industry attractiveness and sector insights
Perform systematic sector screening, based on extensive sector experience and research, considering trends, growth areas, developments and issues
Target identification and screening
Generate deals and review potential M&A transactions; evaluate transactions’ rational and value potential
Operations and IT due diligence
Perform implementation-focused due diligence, highlighting and quantifying opportunities, costs, execution priorities, issues, and red flags
Commercial due diligence
Review commercial considerations related to market dynamics, competitive landscape, customer/client feedback, growth opportunities, and risk
Management due diligence
Assess management capabilities and performance track record; review proposed incentives and potential impact on business deliverables
Corporate finance and debt advisory
Provide M&A lead advisory services, trade and asset sales, debt advisory, business valuations, and private equity fundraising
Pensions
Provide M&A transactions advisory, including potential regulatory considerations and negotiation support
Legal & Regulatory Support
Provide regulatory and legal support, working together with partners, around antitrust issues, potential litigation, and disputes
Transaction advisory
Provide M&A lead advisory, trade and asset sales, debt advisory services; prepare business plan and investment rationale; perform valuation; identify buyers
Our “quick start program” spans onboarding, assessments, and prioritization, and enables the new entity to begin creating value as soon as the deal is signed.
Onboarding
Operational assessment
Setting value enhancement priorities
Using our proprietary data mining capabilities and analysis, we build a full-potential program that helps new companies achieve real results on the top line, the bottom line, and across all business lines.
Revenue growth
Cash and working capital management
Organizational effectiveness
Profit improvement
The decisions surrounding a transaction are critical. We work with urgency and a relentless focus on results to maximize deal value, both before and after the deal.
Post-merger integration
Ensure strict EBITDA focus; assess leadership; integrate the organization, culture, systems, and processes; develop and realize synergies; provide clean room support; establish and execute PMO; buy and build support
Carve-out
Separate the organizations, segregate duties, establish governance structures; develop standalone financial reporting; de-couple systems and processes; separate operations; analyze and review separation costs; provide M&A lead advisory and project management
Exit readiness
Prepare exit readiness/reparation (pre-500 days); prepare management; provide exit support and stakeholder management
Transaction advisory
Provide M&A lead advisory, trade and asset sales, debt advisory services; prepare business plan and investment rationale; perform valuation; identify buyers
Sell-side due diligence
Perform operations, IT, and commercial due diligence