Several academic studies outline the pitfalls of acquisitive strategies
– between 50% and 75% of all acquisitions destroy value for
the acquiring shareholders. That being said, a number of the world’s
most value creating companies have been unusually acquisitive. How
can these two facts be reconciled?
M&A doesn’t have to be a roll of the dice. We believe that
successful acquisitions and divestitures are the result of systematic
and value-focused M&A processes.
A handful of exemplar companies across the globe have developed such
an M&A process and continue to access the market for corporate
assets to evolve their strategies and create value in line with a
dynamic view of their internal and external opportunity portfolios.
We help our clients to identify opportunities to create value through
M&A, and to realise these opportunities through a systematic and
value-based approach. Our services transcend the entire process from
deal conception to execution and beyond to integration.
We help our clients
to identify their strategic opportunities and impartially assess their
relative capabilities to exploit these opportunities, identifying
gaps that may be filled through acquisition (or divestiture!)…Read
With an M&A
strategy firmly in place, finding the right partner is the first step
in a value-based M&A process...
Benefits Estimation and Verification:
It is our experience
that driving value from acquisitions demands an overwhelming focus
on understanding the sources and magnitude of merger benefits as well
as the risks of achieving them…Read
All too often companies
forget that winning in the M&A arena is not just about securing
the right assets but the right assets at the right price…Read
Strategic Due Diligence:
An in-depth knowledge
of the target or acquiror – beyond the information publicly-available
through annual reports, statutory filings, press releases and the
like - is invaluable to making the best decisions throughout the M&A
Getting full value
out of any merger or acquisition requires an open-minded approach
to the relative merits of differing strategies, structures and processes...
right financial structure for a merger can be critical to its overall
success and value creation... Read