How TVCcompares
Comparison reflects typical market practice; individual firms vary.
TVC
Typical local broker
Global investment bank
Access to Japanese sellers and partners
Direct, in Japanese
Limited
Selective; larger deals
In-house accounting, tax & legal due diligence
Yes, in-country
Rarely
Separate advisers
Cost before LOI
None
Often a retainer
Retainer is standard
Deal size focus
Small to mid-market
Small
Large-cap
Working languages
Japanese, English, local
Local, English
English
03 The guide