Net working capital: dealmaker or dealbreaker?
Deal advisoryWhy getting working capital right is critical to deal value
Why getting working capital right is critical to deal value
As the impact economy matures, financing structures are evolving to offer alternatives to traditional debt and equity. Investors increasingly aim to align financial returns with measurable social and environmental outcomes, while impact-driven companies all over the world seek patient capital that supports growth without compromising their mission.
The mid-market is at a tipping point. While large organisations are scaling back their efforts on diversity, equity and inclusion, mid-market businesses are demonstrating that investing in equity is not idealism, but business insight.
Is your organisation investing in CO₂ reduction, energy-efficient technologies and renewable energy? If so, you may qualify for the Energy Investment Allowance (EIA): an attractive tax scheme that encourages entrepreneurs to invest in energy-saving or sustainable business assets. With the EIA you do not only benefit from lower energy consumption and emissions, but also from tax relief. In addition, the EIA budget increases each year; in 2026, it amounts to no less than €460 million. Which business assets fall under the EIA, and what conditions must your investment meet?
Intragroup transactions continue to attract increasing attention from tax authorities, particularly regarding the VAT impact of transfer pricing (TP) adjustments. Because the EU does not provide specific and uniform rules for the VAT treatment of such adjustments, questions often arise in practice.