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The Opco/Propco Structure

Ian Latter Partner and Neil O'Brien Director KPMG's UK M&A Tax team explain the potential benefits of the increasingly popular 'Opco/Propco' structure in the context of M&A and discuss the related tax hazards
The 2006 boom in mergers and acquisitions (M&A) was fuelled by increasing liquidity and the willingness of banks to finance acquisitions — and private equity funds played a major role. The pace of M&A activity shows no signs of slowing down and intense competition in the market has led buyers to seek new ways to increase third-party leverage and reduce financing costs. A key method is the 'Opco/Propco' structure.
What And When?
The 'Opco/Propco' structure is suited to target businesses...

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