By Ernst & Young Following a year of subdued performance, the Swiss M&A market got off to a remarkable start in the first three months of 2014, with a significant increase in deal volume despite a decrease in the number of deals. Looking forward, large transactions are expected more often in the Swiss M&A market as … Read more
by KPMG
Operational due diligence (ODD) over investment managers has never been more critical. Recent scandals such as Madoff and Weavering have served to underline the growing importance of ODD in the minds of investors. Adding in other factors such as an increasingly complex regulatory environment and the investors’ search for the alpha generating, operationally sound investment managers becomes increasingly difficult. […] Read more
By Max Habeck – Ernst & Young About the research In H2 2013, Remark, the market research division of the Mergermarket Group, interviewed 200 senior corporate executives involved in the deal integration process. During the interviews, these executives offered insight into how the strategic rationale of their company’s last significant transaction shaped their integration strategy. Using the Mergermarket database, Remark … Read more
by Deloitte
The U.S. Wholesale Distribution (WD) industry appears to be stuck in neutral. Top players in many lines of trade suffer from low margins and stagnant or slipping market share — a result of limited domestic expansion opportunities, regulatory constraints, structural impediments, and other obstacles. […] Read more
By KPMG Strategic reviews begin to yield actions “… M&A remains at the heart of business strategy.” Anticipating future developments is especially difficult in a constantly changing setting, such as the persistent instability and uncertainty in Switzerland’s major markets, though there are strong signs of stability returning. Many major Swiss corporates have spent the past couple … Read more
By Iain Macmillian, Sriram Prakash, Russell Shoult – Deloitte IDEA IN BRIEF The top 1000 non-financial companies globally are holding $2.8 trillion in cash. Commentators frequently cite these record high cash figures as a key indicator that will boost capital expenditure (capex) and M&A activities that will rekindle growth. However, a closer look at the cash reserves suggests an uneven … Read more
By Prashant Parikh, Nicholas M. Florio – Deloitte Preface While the shrinking defense budgets in the US and Europe coupled with the robust backlog in commercial aerospace are front and center in the Aerospace & Defense (A&D) industry today, vibrant growth in the form of cross-border joint ventures across new centers of excellence is quietly laying the framework for … Read more
By Oksana Kukurudza, Jeff East and Brian Offen – Accenture When two companies merge, integrating their Finance functions is a major imperative. Variations in financial standards and procedures can prevent the merged entity’s Finance function from effective daily operations, impacting both internal and external stakeholders. Integration of this key function is also time-sensitive: the entity’s leaders, not to mention investors, demand … Read more
By PricewaterhouseCoopers Executive summary The global insurance industry’s outlook is improving. The mature economies of Europe and North America are moving towards recovery, while the emerging markets of Asia and Latin America continue to grow. A pickup in global premiums is forecast, but the industry should not expect a return to the old ways. Insurers are … Read more
In order to become a charterholder you need to complete one of the IMAA programs
