Carve-Outs: The New Darling Of M&A?

Carve-Outs: The New Darling Of M&A?

by Accenture
Last year, Philips NV accepted an offer from private-equity firms to purchase a majority stake in its lighting components and automotive-lighting operations for $2.8 billion. A year before, Mondelēz International sold its coffee business to JAB Holding Co., pocketing a tidy $5 billion in cash. Several years earlier, BP sold its petrochemicals business for $9 billion in cash — as much as $2 billion more than Wall Street analysts had expected. […] Read more

Come Together: Surviving — And Thriving — After A Merger

Figure 1 What it takes to succeed

by KPMG Boxwood
Businesses merge for many different reasons. Whether it be to increase market share, diversify into different markets, acquire new capabilities, achieve greater scale, reduce costs, respond to changing market dynamics, or purely and simply survival, mergers are usually driven by a strong and compelling rationale. […] Read more

Human Capital Considerations In Cross-Border Deals In Latin America

Human Capital Considerations In Cross-Border Deals In Latin America

by Deloitte
Acquiring an overseas company can open up new markets and business opportunities. However, foreign companies may also include a number of unique human capital considerations that can impact deal value. Latin America, for one, may be a particularly attractive region for foreign acquirers, with a growing middle class and wealth of natural resources. […] Read more

Coming Together: Getting The Cultural Integration Right Following A Merger Or Acquisition Can Be Crucial For Success

Coming Together: Getting The Cultural Integration Right

by A.M. Best
David King arrives at M&A integration meetings with laminated sheets of paper. On each page is the rationale behind the merger or acquisition — the “deal thesis.” King, who advises companies on post-M&A integration, wants to make sure management teams keep their eye on the ball, so he hands each team member a copy of the deal thesis. […] Read more

2016 Asian Trailblazers Study: Masters Of Multitasking And Transformation

Figure 1. Asian Trailblazers are fine-tuning their strategy along several areas

by Willis Towers Watson
In 2012, an event occurred that went largely unnoticed. For the first time, the percentage of Asia Pacific-headquartered companies in the Fortune Global 500 outnumbered those headquartered in Europe and North America. That year, 36% of companies in the Fortune Global 500 were headquartered in Asia Pacific. Of these 181 organisations, 69 were headquartered in Mainland China and 68 in Japan. […] Read more

Global Capital Confidence Barometer – Buying And Bonding: Alliances Join M&A As Engines Of Growth

Figure 1 Key MA findings

by Ernst & Young
Our latest Global Capital Confidence Barometer continues to find a strong acquisition appetite together with a growing inclination to forge new alliances. Prolonged economic challenges are driving investment decisions, leading companies to ally and cooperate to generate growth as well as compete and acquire to gain market share. […] Read more

Deal Capsule: Transactions In Chemicals & Pharmaceuticals April 2016

Deal Capsule: Transactions In Chemicals & Pharmaceuticals April 2016

by KPMG
While the number of completed pharma deals were slightly higher in Q1 2016 versus Q1 2015, deal value was far lower in the absence of any >$10 billion completions. Only one deal exceeded $5 billion in Q1 2016 (versus 8 in Q1 2015). Specialization continues to be a driving force in Q1 2016, especially in sectors such as OTC, rare diseases and oncology. Declines in transaction values were also witnessed in chemicals. Downstream specialty chemicals was the leading focus area, notably in applications, resins and agrochemicals. […] Read more

The Power Of Alliances: Partnering For Growth In The Insurance Sector

The Power Of Alliances: Partnering For Growth In The Insurance Sector

by KPMG
This is an era of unprecedented change for the insurance sector. New technologies, new customer expectations, new regulations and new competitive pressures are rapidly disrupting the traditional insurance business model. In this environment, insurance organizations have no choice but to adapt. The good news is that the vast majority of insurance executives intuitively know they need to be more innovative. […] Read more

M&A: Pause For Breath Or Plateau?

Appendix A Data descriptives: 2015/YTD 2016

by Willis Towers Watson
The number of M&A deals completed in the first quarter of 2016 was the lowest for two years according to Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM). The research, run in partnership with Cass Business School, shows that despite the fall in completed deals over $100m this quarter (216) compared to 233 in Q1 2015 (and 307 in Q4 2015), financial outperformance for companies completing M&A deals remains positive at 5.3 percentage points (pp) above the MSCI World Index. […] Read more

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