Expertise
Transaction Structuring
Structure should serve the objective.
Latitude considers transaction structure in the wider commercial context, with particular attention to alignment, practicality and execution.
From intention to structure
A strategic objective does not automatically determine the form a transaction should take.
Different structures can create materially different outcomes for businesses, shareholders and counterparties.
We begin with the underlying objective and consider how ownership, economics, governance, timing and stakeholder interests may affect the appropriate transaction framework.
The aim is not to create complexity. It is to find a structure capable of supporting the intended outcome.
Aligning interests
Transactions frequently involve parties with different priorities, time horizons and expectations.
Those differences do not necessarily prevent an agreement, but they need to be understood.
Latitude considers how the principal interests surrounding a transaction can be brought into greater alignment through structure, sequencing and clearly defined expectations.
Durable arrangements are rarely created by economics alone.
Evaluating alternatives
There is often more than one technically viable way to structure a transaction.
We assess alternatives in the context of their commercial implications, execution requirements and longer-term consequences.
This may involve questions relating to:
ownership and control
consideration and transaction mechanics
governance arrangements
stakeholder participation
timing and sequencing
strategic partnerships
future ownership flexibility
transition arrangements
The appropriate solution depends on the circumstances rather than a standard template.
Practical execution
A structure must ultimately be capable of implementation.
We therefore consider practical execution alongside strategic intent.
This includes identifying key dependencies, considering the appropriate sequence of events and working with relevant professional advisers where specialist legal, tax, accounting or other expertise is required.
Our role is to help maintain coherence between the commercial objective and the transaction as it develops.
Working across disciplines
Complex transactions often require several professional disciplines to work together.
Latitude may operate alongside legal counsel, tax advisers, accountants, corporate finance professionals and other specialists as appropriate to the situation.
We value clear responsibilities and effective coordination while recognising the distinct role of each adviser.
Beyond completion
The consequences of structure can extend beyond closing.
Governance, ownership relationships, incentives and future flexibility may all be influenced by decisions made during the structuring process.
We therefore consider not only whether a structure can be completed, but how it may function after completion.
Considered from the outset
Good structuring begins before documentation.
Understanding the objective, identifying the interests involved and recognising potential constraints at an early stage can materially improve the quality of the eventual transaction.
Latitude brings that perspective to the structuring process.
