In professional services firms, such as accountancy practices, law firms and independent corporate finance advisers, the service lines and professionals who work in corporate finance are described variously as advisory, financial advisory, deal advisory, transaction advisory services, transactions, deals or corporate finance.
In investment banks, advisers on deals are often described as M&A advisers.
Brokers, or corporate brokers, focus on capital markets transactions, including raising new finance for IPOs, secondary equity issuance and acquisitions.
Transaction services specialists, including those who work in accountancy firms, are appointed by a business, or by an investor in, lender to or acquirer of a business, asset or project in order to carry out financial and other forms of due diligence and transaction-related services. The scope of such work can be driven by the requirements of the investor/buyer, or by regulation, and the reports issued can be private or public, depending on the purpose.
In the case of transactions on capital markets, reporting accountants are appointed by issuers to provide due diligence and opinions about the information to be published in a prospectus or shareholder circular. Such opinions may be private to the parties involved or published in an investment circular.
In law firms, solicitors who provide advice in relation to corporate finance, including carrying out legal due diligence, work in divisions that are in general known as corporate or corporate finance.