Legacy liabilities.
Pension obligations, environmental burdens, product-liability tails and warranty risks often kill transactions that should close. Tactical Management treats legacy liabilities as a structured transaction component, not a deal-blocker.
What we assume contractually
- Pension obligations (Pensionsverpflichtungen) with actuarial pre-valuation.
- Environmental burdens (Umweltlasten) inside a defined risk perimeter.
- Product-liability tails and warranty special situations.
- Tax and compliance exposures structurally separable from the operating business.
- Contract-bound special situations with documented risk allocation.
Each category is priced into the SPA architecture — not bolted on after closing.