PwC US Expands Valuation Services with Three New Hires

Seasoned Veteran Pedro C. Santos to Lead Financial Engineering Services for Corporate Clients

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Jan 10, 2011, 02:18 ET

NEW YORK, Jan. 10, 2011 /PRNewswire/ -- PwC US today announced the addition of three direct-admit principals: Pedro C. Santos, Timothy Davis and Matthew Tanner. PwC's new hires represent the continued growth in partners and principals who specialize in valuation services.

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"As companies deal with increasingly complex valuation issues and increased regulatory scrutiny, we are continuing to expand our valuation services practice to help clients reduce risks and maximize opportunities," said John Glynn, U.S. Valuation Services Leader, PwC Transaction Services. "We are pleased to welcome Pedro, Timothy and Matthew to PwC's team of diversely talented professionals with extensive valuation, technical accounting, financial reporting, tax, deal structuring, asset management and industry expertise."

As part of the expansion, PwC appointed Santos to lead the national development of Financial Engineering services for corporate clients, which involves advising them on the analysis and valuation of complex financial instruments, such as derivatives, hybrid securities, hedging instruments and contingent payment agreements. PwC's Financial Engineering services primarily focus on valuations for financial reporting, tax planning and decision making purposes. Prior to joining PwC, Santos was managing director and the founder and leader for the financial engineering practice at Duff & Phelps. Santos is based in PwC's San Francisco office.

Davis rejoined PwC from Houlihan Lokey to help lead the growth and development of PwC's valuation practice in the Midwest region. He has served clients in the consumer and industrial products sector and has extensive experience performing financial and economic analyses of operating businesses in the chemical, steel, food processing, agricultural, automotive, telecom, healthcare, retail, general manufacturing and distribution industries. Davis received his B.A. in economics from Cornell University and his M.B.A. in finance, marketing, and accounting from J.L. Kellogg Graduate School of Management at Northwestern University. He is also a Chartered Financial Analyst and is registered with Financial Industry Regulatory Authority (FINRA) as a General Securities Representative (Series 7 and 63) and a Limited Representative – Investment Banking (Series 79). He is also a member of the Association for Investment Management & Research and the Investment Analysts Society of Chicago. Davis is based in PwC's Chicago office.

Tanner rejoined PwC from Duff & Phelps where he was a managing director and advised Fortune-100 clients on tangible asset issues. In his new role, Tanner will help drive the growth of the national fixed asset valuation team. His responsibilities include the valuation of property, plant and equipment primarily for financial and tax reporting purposes, such as purchase price allocations, fresh start accounting analyses, and impairment studies. He has expertise serving a wide range of capital-intensive industries, and has performed valuations of companies and assets in the U.S., Canada, Mexico, Puerto Rico, Argentina, Brazil, Peru, Chile, the United Kingdom, Spain, France, Belgium, the Netherlands, Sweden, Germany, Austria, Ukraine, Russia, Mongolia, Hong Kong, Korea and the United Arab Emirates. Tanner is a member of the American Society of Appraisers and the American Bankruptcy Institute. He received his B.A. from Connecticut College, double majoring in economics and international relations, with a certificate in Russian language and studies. Tanner is based in PwC's New York office.

PwC's valuation services team, within the firm's Transaction Services practice, provides clients in a range of industries with critical input on measuring the fair value of assets for a variety of corporate initiatives, including evaluating transactions and managing accounting, financial reporting and tax planning.

For more information, visit: http://www.pwc.com/us/en/transaction-services/valuations.jhtml

PwC's Transaction Services practice provides due diligence for M&A transactions, along with advice on M&A strategy and integration, restructuring, divestitures and separation, valuations. With approximately 1,000 deal professionals in 16 cities in the United States, and a global network of over 6,000 deal professionals in 90 countries, experienced teams are deployed with deep industry and local market knowledge and technical experience tailored to each client's situation. The Transaction Services team can be involved from strategy to integration and employ an integrated business approach to uncover the realities of a deal. The field-proven, globally consistent, controlled deal process helps clients minimize their risks, progress with the right deals, and capture value both at the deal table and after the deal closes. For more information about M&A and related PwC services, please visit: www.pwc.com/ustransactionservices.

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PwC network firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 161,000 people in 154 countries across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. See www.pwc.com for more information.

© 2011 PwC. All rights reserved. "PwC" and "PwC US" refers to PricewaterhouseCoopers LLP, a Delaware limited liability partnership, which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate and independent legal entity.

SOURCE PwC