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Private Equity firms have a great deal to contend with these days: strapped global markets are impacting emerging markets and changing how deals are being done. Moreover, firms must analyze which sectors are least affected by the credit crunch, where the returns are and which sectors are likely to revive or thrive amid bankruptcies. To compound issues, Private Equity firms have to start conserving cash, increasing operations margins while worrying about inflation, deflation and political uncertainty--and still meet the expectations of their varied constituencies--limited partners, institutional investors and wealth funds.
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Rothstein Kass works diligently with private equity firms to provide critical tools and information about accounting, auditing, tax and insurance issues. Our objective is to help firms adapt to and surmount today`s economic challenges by offering the best tools, critical thinking and resources available for making informed decisions.
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| How We Can Help: |
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| Rothstein Kass provides audit, accounting, tax, and business advisory services to private equity clients that invest in direct investments and fund-of-funds. |
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| Specifically, we can assist with: |
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Choice of legal entity |
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Fund structure |
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Review fund organizational documents |
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Financial statements |
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Performance measurement |
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Year end audit |
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Tax planning and compliance |
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Preparation of tax returns and Schedule K-1s |
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Valuation for hard-to-value securities |
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Portfolio company operating efficiency reviews |
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Due diligence investigations |
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Deal structuring and M&A advisory |
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| Start Up Services and Partnership Organization |
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| At the inception of the partnership, we work as a team with the general partners and their counsel to review and assist in the formation of the partnership agreement and private placement memorandum, and determination of the following: |
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Organizational structure |
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Management fee and incentive allocation structure |
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Investor liquidity requirements |
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Management company’s operating cash requirements |
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Management company’s staff requirements and back office structuring |
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Risk Management |
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Financial Services Advisory |
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| Audit and Accounting |
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Advice regarding operational techniques |
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Year-end audit of financial statements in accordance with generally accepted accounting principles |
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Review of partnership agreement to determine proper partner allocations |
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Review of interim books to facilitate investor contributions and withdrawals |
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Consultation regarding regulatory issues |
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| We also offer these specialized and in-demand services to provide greater assurances to your stakeholders: |
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Financial Services Advisory |
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SAS 70 Reports |
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Internal Control reviews |
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Monthly / Quarterly Agreed Upon Procedure Reports (AUPs) for the verification of Assets |
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Semi-Annual Audited Balance Sheet to provide additional assurance regarding valuation of existing assets |
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Fee structure reviews |
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| Tax Services |
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| Investment funds have complex tax issues. Our professionals are experienced and highly trained in securities taxation. The services we provide include: |
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Responsive and creative tax planning with respect to securities transactions to ensure optimum tax benefit |
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Preparation of Federal, state and local fund income tax returns |
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Year-end estimate letters to enable partners to tax plan |
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Preparation of tax returns for the management company and general partner |
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Preparation of federal, state and local person income tax returns |
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Representation before the Internal Revenue Service and any other agencies |
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| Transaction Advisory Services |
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| Our transaction advisory services team specializes in assisting private equity funds and their portfolio companies navigate the unique and challenging environment of business transactions. Our goal is to help our clients make informed decisions by enhancing their understanding of an acquisition target. |
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M&A advisory |
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Financial and tax due diligence investigations |
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Tax-efficient deal structuring |
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IT assessment of acquisition targets |
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Operational due diligence |
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Insurance and risk management reviews |
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Financial modeling |
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