Publications

By Ploy Jensen, Conor Kehoe, Badrinath Ramanathan – McKinsey & Company Why do Asian banks create less value with acquisitions than nonbank investors do? Compared with Europe and the United States, Asia emerged from the global downturn a winner, with its economies continuing to post higher growth rates and its banks suffering far less damage from the credit crisis. But if … Read more

By Wim De Wit – PricewaterhouseCoopers Aligning Human Resources to the business changes. Staying a Source of Competitive Advantage 1. Context 1.1. The overall crisis context of the banking sector 1.2. Changing strategy according to new HR challenges 1.3. What is BNP Paribas Fortis? BNP Paribas Fortis provides a total package of banking services to personal, business and institutional customers … Read more

By Ernst & Young In the first quarter of 2010, the slight increase in transaction volume in Swiss M&A activity compared to Q4 2009 shows signs of a stabilizing M&A market. Stock performance in Switzerland was positive for the fourth consecutive quarter, with an overall increase of 40% compared to the end of Q1 2009. In … Read more

By KPMG Deal Trends / Executive Summary The global financial crisis has had a profound impact on almost every aspect of the global economy. The Swiss M&A market is certainly no exception in this regard with 2009 witnessing a sustained decline in the volume and value of transactions coming to the market. Over the last 12 … Read more

By Johannes Gerds and Freddy Strottmann with Pakshalika Jayaprakash – Deloitte The numbers don’t lie. Many top corporate managers are faced with the challenge of a post merger integration (PMI) at least once in their career. And empirical studies indicate that one of every two PMI efforts fares poorly. These statistics are particularly telling given that mergers and acquisitions have … Read more

By Catherine Dixon – The Intersect Group Best Practices Summary • Establish Strategic Framework for Decision Making • Dedicate Integration Resources • Frequently Assess Cultural Progress • Communicate Early and Often — Spell out “Non-Negotiables” as early as Possible — Jointly formulate a 100 Day Integration Plan — Communicate to all Employees, Customers, Suppliers • Measure Performance Versus Proforma • Focus on Priorities — Objectively … Read more

Von Christian Knechtel, Thomas Menzler, Hatto Schick und Margarethe von Spee. – PwC Deutschland Zusammenfassung Wie bereits angerissen spiegeln die Ergebnisse der Befragung das ökonomische Klima der vergangenen drei Jahre wider. Die meisten Unternehmenskäufe zielten im Wesentlichen darauf ab, Wachstum zu generieren – sei es regional, durch neue Kunden oder neue Produkte. Dementsprechend standen auch Kosten und Synergien bei der … Read more

By Mui-Fong Goh, Chee Wee Gan, Jian Li, Tammy Ku – A.T. Kearney Many market leaders view China, the world’s second-largest economy, as the “it” country for expansion, and identify the country’s logistics industry as the next growth frontier. As expansion-minded firms — domestic and foreign — strive to grow in China, they face certain challenges in conducting mergers and acquisitions. … Read more