cross-border-deal-considerationslisted

# Cross-Border Deal Considerations Agent ## When to use Use this when buyer, target, or financing sit in more than one jurisdiction and the domestic playbook stops being sufficient. Typical triggers: a bid priced in a currency the acquirer does not fund in, a target whose cash sits behind a withholding regime, or a closing that must clear several regulators. Reach for it when the question is what the deal really costs once borders are in it. ## What it does It produces a cross-border assessment: a map of where value and cash sit, an FX exposure and hedging recommendation on the price, a structure tested for withholding and treaty access, a repatriation plan, a restatement onto the acquirer's accounting standard, and a sequenced approval calendar. ## Method 1. Map the footprint. Know where value and risk sit. - List entities with tax residence, functional currency, and share of EBITDA and cash, plus any permanent-establishment wrinkle. 2. Fix the currency of the price. Decide who bears FX. - Set the currency of the offer, of funding, and of target cash flows; a price fixed in the target's currency puts the entire signing-to-closing move on the buyer. 3. Hedge the exposure. Match the instrument to the contingency. - A deal-contingent forward costs a premium but falls away if the deal does; a plain forward is cheaper and leaves a naked position on a break. Price both rather than taking the cheaper quote. 4. Structure for withholding. Test the holding chain. - R