& Summary
Our Sale and Purchase Agreement (“SPA”) Advisory team provides specialised support in all financial aspects of M&A purchase price mechanisms. Our clients seek our advice on identifying and negotiating the key value items in the EV-to-equity value bridge, as well as drafting the accounting and financial clauses of the SPA, reflecting their negotiated outcomes. We support clients in the process leading up to the signing of SPA, and thereafter, in the preparation or review of closing accounts, earn-out determination, or leakage reviews needed to determine the final purchase price for the transaction:
Pre-SPA signing:
We advise and assist our clients in the value negotiation of a transaction to ensure no money is left on the table. More specifically, we analyse net working capital and net debt to create and protect value for our clients. We advise our clients on which purchase price mechanism is best suited (typically either locked box or completion accounts) to their particular transaction. And we read and comment on the underlying SPA, as accountants and financial specialists (and not as lawyers).
Post-SPA signing:
We assist our client with the final purchase price determination process, be it via completion accounts, or leakage reviews and/or earn-out calculations.
This is what you'll do
You advise clients on the financial elements of the SPA. You identify and substantiate value drivers, translate analyses into clear negotiation points, and anchor outcomes in the right clauses. Before and after signing, you stand by the client throughout the process of negotiating, drafting and implementing the SPA clauses based on which the final purchase price is agreed. You bring and get the opportunity to further grow your skills in multiple areas:
You recognize yourself in this
You communicate clearly and convincingly, collaborate well with diverse stakeholders and set sharp priorities. You switch easily between numerical analyses and legal‑financial writing, making complex topics understandable for senior audiences. Furthermore, you have:
What we offer
With us, you’ll have the chance to be yourself, perform your best in a high-performance organization, and grow within our global network. We offer you, among other things:
These are just a handful of our terms of employment. Find more information on our website
Getting started at PwC
Are you interested in this vacancy? Then let us know what motivates you and fill in your details. After we’ve received your application,
If you would like more detailed information about this position at PwC, don't hesitate to contact us! Recruiter Taoufik El Hassani will be happy to help you!

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