June 30, 2016

Working Capital Adjustments: At the Crossroads of Law and Accounting

Working capital adjustments are often some of the most highly negotiated provisions in a private company M&A transaction agreement. The provisions are complex and involve a blend of legal and accounting concepts and standards and can have an immediate impact. It is essential that deal team members understand not only the nuts and bolts of working capital adjustments but also the nuances thereof to avoid traps for the unwary. M&A lawyers must be fluent with the constituent elements of working capital in a particular business in order to properly understand their client’s business objectives and to properly document the business agreement.

In July 2017, this article was cited in a Delaware Supreme Court filing. See page 33 of the filing here.

Thought Leadership

UK GAAP is Changing: Are You Ready?

May 28, 2025

The Financial Reporting Council (FRC) has issued amendments to Financial Reporting Standards (FRS) 102, the financial reporting standard for the UK and the Republic of Ireland. Our latest paper helps business leaders stay ahead of these changes, by asking pertinent questions and detailing tangible accounting scenarios.

Press Releases

ALVAREZ & MARSAL’S GLOBAL TRANSACTION ADVISORY GROUP EXPANDS NORDIC FOOTPRINT WITH NEW DENMARK CONTINGENT

April 22, 2025

Practice welcomes Kathryn Jörgensen as its first Managing Director in Denmark, and Mike Eledjam as Managing Director in France, in Continued Expansion of Senior Talent Roster

Press Releases

ALVAREZ & MARSAL ADDS INDUSTRY VETERANS TO ITS GLOBAL TRANSACTIONS CAPABILITIES

April 10, 2025

Global professional services firm Alvarez & Marsal’s (A&M) Global Transaction Advisory Group (Global TAG) and Corporate Transactions Group (CTG) are proud to announce the appointment of Mark Copeland as a Managing Director, Global Transactions & Key Accounts in a crossover role that will extend the firm’s expertise across both private equity and corporate transactions globally.