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  7. <title>z_ PwC in Scotland</title>
  8. <link>https://pwc.blogs.com/scotland/</link>
  9. <description>PwC Scotland | Accountancy, tax, audit, assurance and business services in Scotland.</description>
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  16. <title>Data Ready: Staying Ahead in a Constantly Evolving Market</title>
  17. <link>https://pwc.blogs.com/scotland/2016/09/data-ready-staying-ahead-in-a-constantly-evolving-market.html</link>
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  19. <description>With increasing regulatory, media and public focus, it is no surprise that data is higher up the corporate agenda than ever before. Companies are facing increasing demands and expectations, both externally and internally, on not only keeping ahead of the curve with their own data, but also in extracting additional...</description>
  20. <content:encoded>&lt;p&gt;With increasing regulatory, media and public focus, it is no surprise that data is higher up the corporate agenda than ever before. Companies are facing increasing demands and expectations, both externally and internally, on not only keeping ahead of the curve with their own data, but also in extracting additional data to support requests from third parties and regulatory bodies.&lt;/p&gt;
  21. &lt;p&gt;At the SIO Forum in Glasgow on 19 September, PwC will facilitate a group discussion of the key data themes and challenges being experienced in the industry. Representatives from MISYS and TISA will also contribute some real examples of the challenges and solutions they have experienced working with their clients.&lt;/p&gt;
  22. &lt;p&gt;In particular, the session will cover:&lt;/p&gt;
  23. &lt;ul&gt;
  24. &lt;li&gt;how we keep on top of regulatory demands&lt;/li&gt;
  25. &lt;li&gt;how we gain confidence in the accuracy of the increasing volumes of data being reported&lt;/li&gt;
  26. &lt;li&gt;how we keep track of our data when third parties are involved in aspects of data processing&lt;/li&gt;
  27. &lt;li&gt;maintaining client data and tracing ‘lost’ clients&lt;/li&gt;
  28. &lt;li&gt;the technologies and other enablers available to store and track data as well as reporting tools available&lt;br /&gt; &lt;/li&gt;
  29. &lt;/ul&gt;
  30. &lt;p&gt;The session will be interactive as well as including a round table discussion to discuss the key themes. The SIO Forums are supported by PwC, and open to new and existing SIO members. We are looking forward to a lively and interactive session.&amp;#0160;&lt;/p&gt;</content:encoded>
  31.  
  32.  
  33. <category>Glasgow</category>
  34. <category>our insights</category>
  35.  
  36. <dc:creator>PwC</dc:creator>
  37. <pubDate>Fri, 16 Sep 2016 16:22:23 +0100</pubDate>
  38.  
  39. </item>
  40. <item>
  41. <title>PwC in Scotland reports double digit growth for fourth consecutive year</title>
  42. <link>https://pwc.blogs.com/scotland/2016/09/pwc-in-scotland-reports-double-digit-growth-for-fourth-consecutive-year.html</link>
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  44. <description>UK revenue up 11% to £3.4bn, Scottish revenue up by 12% Growth is reported in all business areas, with particular client demand for cyber security, data analytics and technology services Total number of UK equity partners increased to 926, from 885 last year (4.6% increase) Double digit growth in Scotland...</description>
  45. <content:encoded>&lt;ul&gt;
  46. &lt;li&gt;UK revenue up 11% to £3.4bn, Scottish revenue up by 12%&lt;/li&gt;
  47. &lt;li&gt;Growth is reported in all business areas, with particular client demand for cyber security, data analytics and technology services&lt;/li&gt;
  48. &lt;li&gt;Total number of UK equity partners increased to 926, from 885 last year (4.6% increase)&lt;/li&gt;
  49. &lt;/ul&gt;
  50. &lt;h2&gt;&lt;strong&gt;Double digit growth in Scotland and across the UK&lt;/strong&gt;&lt;/h2&gt;
  51. &lt;p&gt;PwC in Scotland has reported a fourth consecutive year of double digit revenue growth as the firm continues to invest heavily in its people, technology and new client services, including SaaS (Software as a Service) and Blockchain/FinTech offerings and advice around the implications of the EU Referendum result.&lt;/p&gt;
  52. &lt;p&gt;For the UK as a whole, this is the second year of consecutive double digit growth.&lt;/p&gt;
  53. &lt;p&gt;Kevin Ellis, chairman and senior partner, said:&lt;/p&gt;
  54. &lt;p&gt;“Our second year of consecutive double-digit growth is the result of the long-term investment we’ve continued to make in our people and new technology.”&lt;/p&gt;
  55. &lt;h2&gt;Key Scottish wins in cyber, tax, consultancy and in other lines of service&lt;/h2&gt;
  56. &lt;p&gt;Key Scottish wins for the year included:&lt;/p&gt;
  57. &lt;ul&gt;
  58. &lt;li&gt;being appointed global tax advisors to Aggreko plc and John Menzies PLC&lt;/li&gt;
  59. &lt;li&gt;the Cyber team working on multi-million pound projects with a major UK bank and public sector body&lt;/li&gt;
  60. &lt;li&gt;external audit wins at a range of organisations including Virgin Money, Weir Group and Aberdeen Asset Management.&lt;/li&gt;
  61. &lt;li&gt;for the Deals team – who recently won the prestigious Business Insider Deal Transaction Support award - it was a particularly strong year with completed international deals including several iconic North Sea energy sector transactions, the sale of Worldmark to CCL Industries Inc, the sale of InterBulk Group plc to Den Hartogh BV, a major asset sale for SSE PLC, and most recently the sale of coffee roasters Matthew Algie to Tchibo GmbH.&lt;/li&gt;
  62. &lt;/ul&gt;
  63. &lt;ul&gt;
  64. &lt;li&gt;consultancy teams carrying out major pieces of work in financial services and oil and gas across the public and private sector as well as bringing unique experience gained helping develop the Modern Slavery Act guidance for companies to clients across the country&lt;/li&gt;
  65. &lt;/ul&gt;
  66. &lt;p&gt;The past twelve months also saw PwC acquire Praxism - an Edinburgh-based consultancy specialising in identity and access management (IDaM) – to bolster capabilities and client offerings in the IT sector.&lt;/p&gt;
  67. &lt;h2&gt;Innovation, expansion and showing dedication to Women in IT&lt;/h2&gt;
  68. &lt;p&gt;The IT expansion went further than the acquisition of Praxism. Showing the company’s commitment to diversity in all sectors, London-based partner Clare Reid returned to her Scottish roots to not only head up Assurance but play a leading role in the Scottish Leadership Team and developing PwC Scotland’s cyber and technology offerings. The cyber team also expanded the number of females in the team, showing a commitment to more women in IT.&lt;/p&gt;
  69. &lt;p&gt;The firm also brought former Secretary of State for Scotland Michael Moore back into the fold by hiring him as a senior adviser on multiple topics, including the ramifications of the EU Referendum. The firm also created its first Head of Innovation with the appointment of well-known technology business expert Douglas Shand.&lt;/p&gt;
  70. &lt;p&gt;In addition to this, PwC Scotland also appointed three new equity partners and four directors, taking staffing levels to more than 900 people.&lt;/p&gt;
  71. &lt;h2&gt;&amp;quot;Giving clients advice and services they need&amp;quot;&lt;/h2&gt;
  72. &lt;p&gt;Lindsay Gardiner, regional chairman PwC Scotland, said:&lt;/p&gt;
  73. &lt;p&gt;“This is our fourth consecutive year of double-digit growth in Scotland and it’s a fantastic achievement down to not only the staff providing the advice and services our clients need but also in the firm being able to identify future opportunities and invest in them at an early stage.&lt;/p&gt;
  74. &lt;p&gt;“We now have one of the largest cyber-security teams in Scotland and we are working with major companies on blockchain and fintech solutions while also being recognised for our excellence in the more traditional areas professional service firms are associated with.&lt;/p&gt;
  75. &lt;p&gt;“This combination allows us to have a reactive and relevant set of services for Scottish businesses in a period where they are looking for guidance in order to succeed in Scotland, the UK and Europe. For example, under the leadership of Susie Simpson we recently refocused our private business team to reflect the changing nature of our Scottish business and the needs of the markets.&lt;/p&gt;
  76. &lt;p&gt;“Our ongoing successes allow us to be able to contribute to the Scottish economy and generate GDP in so many ways. In addition to the finances being generated, we donated time and money to many charities including SAMH, Gorgie City Farm and Epilepsy Scotland.&lt;/p&gt;
  77. &lt;p&gt;Additionally, many employees – at all levels – have given their time and advice not only to charities but also schools in Glasgow, Edinburgh and Aberdeen, where we run a mentoring service with pupils.&lt;/p&gt;
  78. &lt;p&gt;“I’m equally proud of the fact that this year we brought to the fore conversations around mental health issues, helping to remove so many of the myths and stigma around this area and also showing to our people that it is not only ok – but encouraging – to talk to others about any issues they may have.&lt;/p&gt;
  79. &lt;p&gt;“And while it was a strong year, we are already looking ahead. Our Aberdeen team are moving to new premises at The Capitol in November, renewing our commitment to the North-east, our graduates continue to impress in their exam results and overall, while we are in uncertain times, we are certain we can deliver a strong offering to clients across multiple lines of service in the coming year.”&lt;/p&gt;
  80. &lt;h2&gt;EU referendum impact on Scotland&lt;/h2&gt;
  81. &lt;p&gt;Commenting on the impact of the EU referendum, Lindsay Gardiner added:&lt;/p&gt;
  82. &lt;p&gt;“While the impact of leaving the EU is still being worked through across the UK, including Scotland, history has shown us that Scottish businesses are capable of adapting in the face of change and we are advising our clients to navigate the changing landscape. We’re seeing increased appetite for strategic advice and support around immigration, trade negotiations and financial services.”&lt;/p&gt;
  83. &lt;p&gt;Across the UK, revenues grew to a record £3.44bn for the year ended 30 June 2016, up 11% from last year’s £3.08bn. &amp;#0160;All of PwC’s core businesses – assurance, tax, deals and consulting – delivered good growth, with assurance and consulting recording double digit increases, the latter enhanced by the successful integration of Strategy&amp;amp;.&lt;/p&gt;
  84. &lt;p&gt;Targeted investment in regional UK practices continued to deliver good growth, while revenues from privately owned businesses grew significantly.&lt;/p&gt;
  85. &lt;h2&gt;&lt;strong&gt;Investing in People&lt;/strong&gt;&lt;/h2&gt;
  86. &lt;p&gt;The firm has made significant investment in its people this year. PwC now employs over 21,000 people across its 64 offices in the UK, Channel Islands and Middle East and this year promoted a record 61 equity partners, taking the total number of equity partners to 926. Distributable profit per partner was down 5% to £706,000 due to our strategy of continuing to invest in people and technology, which included key acquisitions, record partner promotions and increases in staff remuneration.&lt;/p&gt;
  87. &lt;p&gt;Following PwC’s leading stance in publishing its gender pay gap, the firm is publishing social mobility data for its graduate intake, as well as gender and ethnicity targets and progress for all job roles for the first time this year. The firm is also publishing its gender pay gap for the third year in a row, all as part of its second fully digital annual report.&lt;/p&gt;
  88. &lt;p&gt;Kevin Ellis, chairman and senior partner at PwC, said:&lt;/p&gt;
  89. &lt;p&gt;“We want to be the employer where people can reach their full potential, regardless of background, ethnicity, gender or sexual orientation. We’ve made great progress but recognise that to create a truly diverse organisation we need to set ourselves stretching targets and hold ourselves accountable to drive real change.&lt;/p&gt;
  90. &lt;p&gt;“Diversity makes solid business sense with different views, perspectives and experience leading to better problem solving and ultimately better performance.&amp;#0160;&lt;/p&gt;
  91. &lt;p&gt;“Anyone can easily access our social mobility data and see the progress we’re making against our gender and ethnicity targets via our digital annual report. We believe that greater transparency drives action and shows that our firm is open to all.”&lt;/p&gt;
  92. &lt;h2&gt;&lt;strong&gt;2016 non-financial highlights&lt;/strong&gt;&lt;/h2&gt;
  93. &lt;ul&gt;
  94. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino;&quot;&gt;PwC has published its gender pay gap for the third year in a row, after becoming the first professional services firm to publicly publish its data in 2014. PwC’s gender pay gap for 2016 is 15.2%; 2.6% when adjusted by grade.&lt;/span&gt;&lt;/li&gt;
  95. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino;&quot;&gt;The firm has published its gender and ethnicity targets for the first time for all levels of the business.&lt;/span&gt;&lt;/li&gt;
  96. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino;&quot;&gt;Last year PwC became the first major employer to drop UCAS points as graduate recruitment entry criteria, as a way to widen access to the firm. This has led to increased diversity amongst student applicants and recruits. In the firm’s latest student intake, 38% were first generation graduates, 73% attended state school, 14% came from homes eligible for income support and 9% were eligible for school meals.&lt;/span&gt;&lt;/li&gt;
  97. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino;&quot;&gt;More than 96,000 people applied for a job with PwC this year. The firm now employs more than 21,000 people and 926 partners across 64 offices in the UK, Channel Islands, and Middle East. This includes recruiting more than 1,600 graduates and school leavers, and more than 2,000 experienced professionals in the year.&lt;/span&gt;&lt;/li&gt;
  98. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino;&quot;&gt;The firm’s employees volunteered more than 71,000 hours during the working day.&lt;/span&gt;&lt;/li&gt;
  99. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino;&quot;&gt;For the second year, PwC has published a purely digital annual report. You can find more information and explore the report &lt;a href=&quot;http://www.pwcannualreport.co.uk&quot;&gt;here&lt;/a&gt;&amp;#0160;or at&amp;#0160;http://www.pwc.co.uk/who-we-are/annual-report.html&lt;/span&gt;&lt;/li&gt;
  100. &lt;/ul&gt;</content:encoded>
  101.  
  102.  
  103. <category>Aberdeen</category>
  104. <category>Edinburgh</category>
  105. <category>Glasgow</category>
  106. <category>our insights</category>
  107. <category>Press releases</category>
  108.  
  109. <dc:creator>PwC</dc:creator>
  110. <pubDate>Mon, 12 Sep 2016 07:58:57 +0100</pubDate>
  111.  
  112. </item>
  113. <item>
  114. <title>General Data Protection Regulation: are you ready?</title>
  115. <link>https://pwc.blogs.com/scotland/2016/09/general-data-protection-regulation-are-you-ready.html</link>
  116. <guid isPermaLink="true">https://pwc.blogs.com/scotland/2016/09/general-data-protection-regulation-are-you-ready.html</guid>
  117. <description>Chartered Banker seminar　 The new General Data Protection Regulation (GDPR), which carries fines of up to 4% of total worldwide annual turnover for non-compliance, is one of the most operationally challenging pieces of legislation the banking sector has ever faced. 　 Even with the added complexities of the UK&#39;s recent...</description>
  118. <content:encoded>&lt;p dir=&quot;LTR&quot;&gt;&lt;strong&gt;Chartered Banker seminar　&lt;/strong&gt;&lt;/p&gt;
  119. &lt;p dir=&quot;LTR&quot;&gt;&lt;span style=&quot;font-family: georgia,palatino; font-size: 10pt;&quot;&gt;The new General Data Protection Regulation (GDPR), which carries fines of up to 4% of total worldwide annual turnover for non-compliance, is one of the most operationally challenging pieces of legislation the banking sector has ever faced. 　&lt;/span&gt;&lt;/p&gt;
  120. &lt;p dir=&quot;LTR&quot;&gt;&lt;span style=&quot;font-family: georgia,palatino; font-size: 10pt;&quot;&gt;Even with the added complexities of the UK&amp;#39;s recent decision to leave the European Union, the UK will still be subject to the legislation in some form and many banks are already developing GDPR programmes ahead of its introduction on 25 May 2018.　&lt;/span&gt;&lt;/p&gt;
  121. &lt;p dir=&quot;LTR&quot;&gt;&lt;span style=&quot;font-family: georgia,palatino; font-size: 10pt;&quot;&gt;At our next seminar in conjunction with Chartered Banker in late September, James Drury-Smith, a legal partner with PwC will lead a discussion on GDPR, focussing in particular on:　&lt;/span&gt;&lt;/p&gt;
  122. &lt;ul&gt;
  123. &lt;li&gt;&lt;span style=&quot;font-family: georgia,palatino; font-size: 10pt;&quot;&gt;assessing your state of readiness for the GDPR; 　&lt;/span&gt;&lt;/li&gt;
  124. &lt;li&gt;&lt;span style=&quot;font-family: georgia,palatino; font-size: 10pt;&quot;&gt;how to to build a GDPR programme using a multi-disciplinary approach; and　&lt;/span&gt;&lt;/li&gt;
  125. &lt;li&gt;&lt;span style=&quot;font-family: georgia,palatino; font-size: 10pt;&quot;&gt;prioritising compliance activities. 　&lt;/span&gt;&lt;/li&gt;
  126. &lt;/ul&gt;
  127. &lt;p dir=&quot;LTR&quot;&gt;&lt;span style=&quot;font-family: georgia,palatino; font-size: 10pt;&quot;&gt;James specialises in providing data privacy advice and has extensive experience advising on data protection laws and the implementation of privacy governance models. James is ranked by Chambers &amp;amp; Partners for his advice on data protection matters and has a strong reputation translating deep privacy knowledge into practical and operational solutions.　&lt;/span&gt;&lt;/p&gt;
  128. &lt;p dir=&quot;LTR&quot;&gt;&lt;span style=&quot;font-family: georgia,palatino; font-size: 10pt;&quot;&gt;Aimed at individuals employed in the banking sector, if you wish to find out more about our Chartered Banker seminar programme please contact &lt;a href=&quot;mailto:scotland.events@uk.pwc.com&quot;&gt;&lt;u&gt;scotland.events@uk.pwc.com&lt;/u&gt;&lt;/a&gt;. 　&lt;/span&gt;&lt;/p&gt;</content:encoded>
  129.  
  130.  
  131. <category>Events</category>
  132. <category>Financial Services</category>
  133.  
  134. <dc:creator>PwC</dc:creator>
  135. <pubDate>Fri, 09 Sep 2016 14:51:56 +0100</pubDate>
  136.  
  137. </item>
  138. <item>
  139. <title>Defining the difference between IS027001 and SOC 2 in infosec</title>
  140. <link>https://pwc.blogs.com/scotland/2016/09/defining-the-difference-between-is027001-and-soc-2-in-infosec.html</link>
  141. <guid isPermaLink="true">https://pwc.blogs.com/scotland/2016/09/defining-the-difference-between-is027001-and-soc-2-in-infosec.html</guid>
  142. <description>For many organisations ISO 27001 has been seen as the benchmark for information security, but with the threat landscape continually evolving and the punishments for getting it wrong ever increasing, many organisations are now looking for greater levels of assurance and over broader areas. Tom Lloyd, control reporting director, sets...</description>
  143. <content:encoded>&lt;p&gt;For many organisations ISO 27001 has been seen as the benchmark for information security, but with the threat landscape continually evolving and the punishments for getting it wrong ever increasing, many organisations are now looking for greater levels of assurance and over broader areas. Tom Lloyd, control reporting director, sets out why this is an issue and where it is going...&lt;/p&gt;
  144. &lt;h2&gt;&lt;strong&gt;&lt;em&gt;The evolution of assurance&lt;/em&gt;&lt;/strong&gt;&lt;/h2&gt;
  145. &lt;p&gt;Formal assurance opinions over controls related to financial statements have existed for many years in the form of standards such as AAF 01/06, ISAE 3402 and SSAE16, but it is only since the launch of the SOC 2 framework that we have seen similar levels of assurance specific for information security.&lt;/p&gt;
  146. &lt;p&gt;Since the launch on SOC 2 in 2013, it has grown prolifically. Starting initially in the US, it is now making its mark in the UK.&lt;/p&gt;
  147. &lt;p&gt;The SOC 2 framework was designed to complement existing controls reports. Unlike ISO 27001 which focuses only on the design of controls, SOC 2 also allows for the testing of the operating effectiveness of security controls over a period. While these controls may not impact directly an entity’s financial statements, they are now hugely significant to organisations both from an operational and reputational perspective&lt;/p&gt;
  148. &lt;h2&gt;&lt;strong&gt;&lt;em&gt;How does it work?&lt;/em&gt;&lt;/strong&gt;&lt;/h2&gt;
  149. &lt;p&gt;Within the SOC 2 framework there are 5 Trust Principles: Security, Availability, Confidentiality, Processing Integrity and Privacy. With only the Security principle being mandatory this standard also provides organisations with a degree of flexibility, allowing them to target the specific domains that are most important to them and their customers. Similarly, the selection of applications in scope for the review is also at the discretion of the organisation, allowing them to target those which are most important to them and their clients.&lt;/p&gt;
  150. &lt;h2&gt;&lt;strong&gt;&lt;em&gt;What’s the difference between IS0 27001 and SOC 2?&lt;/em&gt;&lt;/strong&gt;&lt;/h2&gt;
  151. &lt;ul&gt;
  152. &lt;li&gt;With a SOC 2 there’s a &lt;strong&gt;formal attestation&lt;/strong&gt; at the end of it, not just a certificate of compliance&lt;/li&gt;
  153. &lt;li&gt;SOC 2 is more &lt;strong&gt;flexible&lt;/strong&gt;: whilst the Security principle has to be covered, the remaining principles can be scoped-in as desired – covering the principles that are relevant to you and your clients&lt;/li&gt;
  154. &lt;li&gt;ISO 27001 only focuses on an organisations’ information security management system, but a SOC 2 can cover &lt;strong&gt;the applications that are important to you and your clients&lt;/strong&gt;&lt;/li&gt;
  155. &lt;li&gt;IS0 27001 is at a point in time, but a SOC 2 can cover a period, therefore &lt;strong&gt;providing a greater level of assurance&lt;/strong&gt;&lt;/li&gt;
  156. &lt;/ul&gt;
  157. &lt;h2&gt;&lt;strong&gt;&lt;em&gt;Does ISO 27001 still have a role?&lt;/em&gt;&lt;/strong&gt;&lt;/h2&gt;
  158. &lt;p&gt;IS0 27001 has been and will continue an important standard, allowing organisations to demonstrate that they have implemented a solid internal information risk management framework. But the world has changed – threats have evolved, and assurance requirements, both internally and externally have grown, with the SOC 2 framework providing the platform to address these needs.&lt;/p&gt;
  159. &lt;h2&gt;&lt;strong&gt;&lt;em&gt;The bigger picture&lt;/em&gt;&lt;/strong&gt;&lt;/h2&gt;
  160. &lt;p&gt;As we move towards ever greater levels of regulation over security and data privacy, including the upcoming EU General Data Protection Regulations (GDPR) in 2018, the penalties for failing to protect your data and that of your customers is increasing. With the potential fines reaching 4% of global turnover the cost of failure is crippling and service providers will undoubtedly face ever increasing scrutiny and requests from their clients.&lt;/p&gt;
  161. &lt;p&gt;Having a SOC 2 report not only avoids duplicating effort servicing multiple audit request, but it puts you firmly on the front foot with your existing clients, your Board and your Regulator and may even help to differentiate you against your competitors.&lt;/p&gt;
  162. &lt;p&gt;For those organisations who are engaging with service providers or sharing data, the message is clear: whilst services can be outsourced, accountability cannot. It is imperative that they can demonstrate how they are gaining comfort over security controls across their supply chain.&lt;/p&gt;
  163. &lt;h2&gt;&lt;strong&gt;&lt;em&gt;What does all this mean?&lt;/em&gt;&lt;/strong&gt;&lt;/h2&gt;
  164. &lt;p&gt;Organisations should reassess the adequacy of current forms of assurance in place – both in terms of depth and breadth of coverage. In completing this assessment different lenses should also be used:&lt;/p&gt;
  165. &lt;ol&gt;
  166. &lt;li&gt;from the perspective of the Board;&lt;/li&gt;
  167. &lt;li&gt;from the perspective of the regulator;&lt;/li&gt;
  168. &lt;li&gt;from the perspective of clients’; and,&lt;/li&gt;
  169. &lt;li&gt;from the organisation’s own perspective on its suppliers and service providers.&lt;/li&gt;
  170. &lt;/ol&gt;
  171. &lt;p&gt;If you would like to discuss this article with Tom or need further information, please contact him via &lt;strong&gt;tom.j.lloyd@uk.pwc.com&lt;/strong&gt; or &lt;strong&gt;07841 493 938&lt;/strong&gt;.&lt;/p&gt;</content:encoded>
  172.  
  173.  
  174. <category>Aberdeen</category>
  175. <category>Edinburgh</category>
  176. <category>Glasgow</category>
  177. <category>our insights</category>
  178.  
  179. <dc:creator>PwC</dc:creator>
  180. <pubDate>Fri, 09 Sep 2016 05:50:35 +0100</pubDate>
  181.  
  182. </item>
  183. <item>
  184. <title>PwC Scotland Corporate Finance Team win Deal Team of the Year at Deal &amp; Dealmaker Awards</title>
  185. <link>https://pwc.blogs.com/scotland/2016/09/pwc-scotland-corporate-finance-team-win-deal-team-of-the-year-at-deal-dealmaker-awards.html</link>
  186. <guid isPermaLink="true">https://pwc.blogs.com/scotland/2016/09/pwc-scotland-corporate-finance-team-win-deal-team-of-the-year-at-deal-dealmaker-awards.html</guid>
  187. <description>The PwC Scotland Corporate Finance team has won the prestigious deals team of the year award - formally known as the Deal Transaction Support award - at the prestigious Insider Deals: Dealmakers Awards 2016. The win of the Deal Transaction Support award was announced on Wednesday 7 September at a...</description>
  188. <content:encoded>&lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;The PwC Scotland Corporate Finance team has&amp;#0160;won&amp;#0160;the prestigious deals team of the year award - formally known as the Deal Transaction Support award - at the prestigious Insider Deals: Dealmakers Awards 2016.&lt;/span&gt;&lt;/p&gt;
  189. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;The win of the Deal Transaction Support award was announced on&amp;#0160;Wednesday 7 September at a black-tie event in Glasgow in front of colleagues and cross-industry peers. The team&amp;#0160;was&amp;#0160;nominated for their achievements in a strong year which saw them advise on, amongst other roles:&lt;/span&gt;&lt;/p&gt;
  190. &lt;ul&gt;
  191. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;the sale of InterBulk Group plc to Den Hartogh for £95.3m, at a 125% premium over the pre‐announcement share price, one of the biggest premiums in Scottish public deal history;&lt;/span&gt;&lt;/li&gt;
  192. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;BioOutsource, a young privately owned life science company, being sold to Sartorius, a German listed buyer. The team successfully guided the selling shareholders and management through a sales process delivering a very attractive price, which was an increase of almost 20% on the initial offer; and,&lt;/span&gt;&lt;/li&gt;
  193. &lt;li&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;Worldmark being sold to CCL Industries for C$252m.&lt;/span&gt;&lt;/li&gt;
  194. &lt;/ul&gt;
  195. &lt;h2&gt;Leveraging a wider network&lt;/h2&gt;
  196. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;The judges commended the team for their efforts over the past 12 months:&lt;/span&gt;&lt;/p&gt;
  197. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;&amp;quot;The scale and complexity of deals handled by the PwC team, including the sales of InterBulk and WorldMark, saw it win the vote of the judges.&lt;/span&gt;&lt;/p&gt;
  198. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;&amp;quot;The ability of the team to leverage PwC&amp;#39;s wider international network and sector expertise to achieve solutions for clients was also cited by the panel.&amp;quot;&lt;/span&gt;&lt;/p&gt;
  199. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;David Leslie, Glasgow Office Senior Partner and Head of Deals for Scotland said:&lt;/span&gt;&lt;/p&gt;
  200. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;“Winning this award is another high point in what has been a fantastic 12 months for us.&amp;#0160;What is particularly pleasing is that we were recognised not only for the type of deals we are doing but also how we are able to tap into the wider PwC network to help achieve the best possible outcome and solutions for our clients.&amp;quot;&lt;/span&gt;&lt;/p&gt;
  201. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;The team has continued to build on their success with a recently announced deal advising&amp;#0160;the owners of Matthew Algie &amp;amp; Company Ltd on the sale of their business to Tchibo Coffee Services, a German family business.&lt;/span&gt;&lt;/p&gt;
  202. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt;PwC Scotland also sponsored a category at the awards - Dealmaker of the Year - and that was presented to Macduff Shellfish.&lt;/span&gt;&lt;/p&gt;
  203. &lt;p&gt;&lt;span style=&quot;font-family: georgia, palatino; font-size: 11pt;&quot;&gt; &lt;a class=&quot;asset-img-link&quot; href=&quot;http://pwc.blogs.com/.a/6a00d83451623c69e201b8d21a4bfb970c-popup&quot; onclick=&quot;window.open( this.href, &amp;#39;_blank&amp;#39;, &amp;#39;width=640,height=480,scrollbars=no,resizable=no,toolbar=no,directories=no,location=no,menubar=no,status=no,left=0,top=0&amp;#39; ); return false&quot; style=&quot;float: left;&quot;&gt;&lt;img alt=&quot;Deal award win scotland&quot; class=&quot;asset  asset-image at-xid-6a00d83451623c69e201b8d21a4bfb970c img-responsive&quot; src=&quot;https://pwc.blogs.com/.a/6a00d83451623c69e201b8d21a4bfb970c-500wi&quot; style=&quot;margin: 0px 5px 5px 0px;&quot; title=&quot;Deal award win scotland&quot; /&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;</content:encoded>
  204.  
  205.  
  206. <category>Aberdeen</category>
  207. <category>Deals and Debt Markets</category>
  208. <category>Edinburgh</category>
  209. <category>Glasgow</category>
  210. <category>our insights</category>
  211.  
  212. <dc:creator>PwC</dc:creator>
  213. <pubDate>Wed, 07 Sep 2016 22:30:05 +0100</pubDate>
  214.  
  215. </item>
  216.  
  217. </channel>
  218. </rss>
  219.  
  220. <!-- ph=1 -->
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