A website dedicated to the world of M&A – transactions, ideas, insights and other relevant M&A-related resources.
Think Pieces and Opinions on Industry’s News and Events.
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Other People’s Money – OPM – is a crucial component for improved performance. Using debt to acquire productive assets allows for higher returns on your invested capital. The logic is sound and the returns on invested capital are, indeed, attractive. Similarly, publicly-traded…
We’ve discussed “Deal Fatigue” earlier and explained how it accumulates over the courses of an M&A process as a result of the complexity of these transactions. Time is passing by, what do we have to show for it? Time flies when you’re…
Mergers and Acquisitions processes take time and are complex. It is not uncommon for such processes to take a year or more from first conversation to closing of a deal. There are lots of moving parts to take into consideration and, usually,…
Generating and accumulating wealth is a difficult task. It generally requires the right combination of efforts, risks and time. Preserving this wealth is a whole other set of challenges, especially for entrepreneurs who have been focused on successfully growing and managing their businesses…
Companies get acquired everyday. Sometimes, competitors do it to dominate a market, expand their portfolio or simply remove a cumbersome player. Sometimes, financial buyers do it because they identified areas of improvement, growth opportunities, or simply a sustainable business model that they…
Being involved in a merger or acquisition is almost always complex, irrespective of where you stand. Be it from the buyer, seller, intermediary or adviser’s standpoint, there are many aspects to a transaction and incentives that are oftentimes very different based on…
As financial advisor, I have met with numerous business owners over the past decade, sometimes on the sell-side, others on the buy-side or even pitching our services to them. Some companies just project success in everything they do. A good business model, a solid brand, numerous…
Mergers & Acquisitions processes typically span across many months and require lots of attention to come through successfully. Looking at it from a sell-side perspective, from the decision to open the capital to external investors (or sell) to the closing of a…
I could never stress enough the value for a company of having its accounting – and associated ledgers – in order. There are, unfortunately, still too many companies out there that operate without enough visibility, for example, not knowing in a timely…
More often than not, disruptors on the verge of being successful are welcomed with snarky, down-putting comments from the sector’s leaders. Airbnb, for example, could probably write a book about this very topic… and, if they waited another 5 years or so,…
If you have been reading about mergers and acquisitions or have spoken lately with investment bankers or private equity fund managers, chances are that you’ve heard about roll-up acquisitions – or roll-ups. What’s that all about, you might think. Simple. The basic…
On October 21, 2015, Western Digital () announced its $19Bn acquisition of SanDisk (). Although not having any particular interest in the sector or the stocks, I’ve been following WDC’s stock from time to time out of curiosity. Given today’s ever-growing interest for…