Clemens Petersen is a Managing Director and Leader of the German Tax Practice with Alvarez & Marsal Tax in Munich. He is a highly experienced mergers and acquisitions (M&A) tax professional with over 15 years in the field.
Mr. Petersen has extensive experience with M&A deals such as leveraged buyouts, carve-outs and distressed transactions.
Mr. Petersen has worked with clients in various industries, including healthcare, infrastructure, financial services, consumer and digital products. He has led tax teams working on mid-market to large-cap transactions for private equity and corporate clients domestically and across regions.
Prior to joining A&M, Mr. Petersen was a Tax Partner with Deloitte in its M&A Tax practice, where he advised private equity firms and multinationals on a wide range of national and international tax matters. He was part of the Global Blockchain and Digital Assets Group and had a strong focus on tech-driven transactions.
Previously, Mr. Petersen worked at PricewaterhouseCoopers in the M&A Tax department, with a strong focus on private equity.
Mr. Petersen studied in Germany, Spain and the U.K. He earned a master’s degree in business administration (Diplom-Kaufmann) from the University of Hamburg and an MBA from London Business School. Mr. Petersen is a Chartered Tax Advisor and Chartered International Tax Advisor in Germany.
Germany streamlines cross-border tax dispute resolution with new electronic procedures and clarified arbitration rules — marking a major step toward greater efficiency and international tax alignment.
Germany proposes stricter rules on capital allocation for insurance permanent establishments – a shift that could significantly impact transfer pricing models.
In many M&A share transactions, tax losses may represent significant hidden value. But that value depends particularly on two key questions: Can the tax losses survive the transaction and can the parties mutually agree on a business plan substantiating the future usage of the potentially surviving tax losses? Our article outlines how jurisdiction-specific rules — especially Germany’s strict change-in-ownership regime — affect the usability of tax losses post-closing, whether tax losses can provide a shelter for historic tax risks and why tax losses impact purchase price negotiations.
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