BUSINESS excellence
★ Award for Excellence in Transactional Services - Norway
Deloitte Deloitte’s Norwegian transaction services department consist of 40+ dedicated professionals locally, representing the largest service line within Deloitte Financial Advisory. Financial Advisory is a group of 60+ transaction advisors in Norway advising in respect of equity, debt and partnerships (Public-Private-Partnership). We spoke to them about their award, as well as their ambition of expanding their global footprint.
Company: Deloitte AS Name: Trond Ivar Skar Email: tskar@deloitte.no Web Address: deloitte.no Telephone: +47 9074 6625
While we are not the largest M&A TS-department among the Big4 in Norway, our services are well recognized. Receiving the Award for Excellence in Transactional Services – Norway was a testimony of our capabilities. Strong and efficient cooperation with other Deloitte entities, being in the interesting Nordic region, through joint participation in the increasing East Asia dealflow or though off-shoring arrangements, further brings capacity and competence. Increasing the footprint within sell side services have been one of Deloitte’s growth areas over the last years (i.e. vendor due diligence on entities ranging from market leaders such as Jordan to regulated business such as Tinfos, and vendor assist on entities ranging from carve outs such as Agility Projects to data intense entities such as Espira). Fuelled by the successful recruitment and integration of the ex-KPMG partners Jonathan Farnell and Are Skjoy, continued growth has more recently been obtained within corporates (e.g. assisting Orkla with the acquisition of Cederroth (competitive auction process) and Blatchford consolidating the business of orthopaedists). While we are proud of receiving the Award for Excellence in Transactional Services – Norway, we similarly see this award as a recognition of our continuous effort in developing the transaction services offering. Deloitte Financial Advisory offers a wide range of services, and leveraging on the various competencies in Financial Advisory and the wider Deloitte pallet, allows us to work targeted towards each customer’s needs. The recent expansion of the commercial due diligence team will further contribute to a more relevant offering. We find that to deliver our best performance, dedication always helps. Ensuring all employees are committed and motivated out of self-interest brings that dedication. Furthermore, making sure the different workstreams truly works together is another key success criteria. It all boils down to people, so recruitment, individual development and team spirit is the strings we use when playing. In our industry, clients should be looking for the ability and willingness to use resources out of their needs rather than internal and short-term utilization. Also, true senior/partner involvement, allowing client to benefit fully on experience should not be underestimated. In a market with increased focus on efficient delivery of products, our ambition is to use creativity and smartness to stay competitive despite market-leading access to experienced senior resources. While we are committed to deliver, it is as advisors we deliver the highest level of value.
Business Excellence Awards 2015 / 61