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How
to deal with the 4 types of M&A activity
By Bryan Hattingh
BRYAN HATTINGH, CEO of leadership solutions group Cycan, says there are
various types of mergers and acquisitions and that companies would do well
to consider the principles behind each before signing on the dotted line.
Mergers
and Corporate Culture
It
is widely recognized that cultural differences between the partners of a merger
are one of the most common reasons for failure in mergers. The development of a new,
shared culture is a critical factor for merger success. It is possible to
manage this process in a structured way.
This article gives a brief introduction into the concept of corporate
culture and explains, why it is so important in mergers
Vision
as Key Factor in Merger Processes
The post-merger integration
process is a difficult and complex task. It comes along with long lists of
activities and tasks that have to be fulfilled within a short time and partly
with incomplete information (e.g. formation of new teams and departments).
There are many opportunities to exploit and many decisions to take. However, as
long as there is no vision for the new organization that is well known to
everybody, there is no use in investing too much effort in all these
issues.
The vision for the new organization has to come first.
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All literature recommendations:
>>
themanager.org-Strategy-Bookstore
>> M&A >> Due Diligence
Due
Diligence for Global Deal Making: The Definitive Guide to
Cross-Border Mergers and Acquisitions (M&A), Joint Ventures,
Financings, and Strategic Alliances
by Arthur H. Rosenbloom (Editor)
This new book is an invaluable guidebook for companies trying to
capitalize on the opportunities in both developed and emerging
cross-border markets. Many global transactions fail to meet the
parties' expectations, and a primary culprit is inadequate due
diligence. Expanding businesses must answer difficult questions
(especially if the target partner lacks a financial performance
track record and significant assets), such as: Why (if at all)
should we do this deal? What are the rules going in and what happens
if things go wrong? Where are the tax, legal, financial, and
operational traps and what are the opportunities?
Find a 50 page excerpted chapter from this book on the website
of Bain & Company (pdf-format).
The
Art of M&A Due Diligence
by Alexandra Reed Lajoux, Charles M. Elson
This book is a question and answer resource that focuses on the msot
critical steps in the M&A process. Drawing on the experience of
100 experts, Lajoux shows non-lawyers how to navigate due diligence
and how to uncover data that can break a deal. Featuring global
perspectives and special insights for small businesses,
manufacturers, and service companies, this primer is essential for
everyone involved in M&As.
Due
Diligence Techniques and Analysis: Critical Questions for Business
Decisions
by Gordon Bing
Gordon Bing provides a unique, comprehensive, one-volume source of
information and guidance. His book will help investors research,
evaluate, and understand an existing or proposed business not only
from a financial standpoint, but also from equally important
nonfinancial standpoints. It provides a full explanation of the due
diligence process, including systematic methods to determine the
information you need, why you need it, and how to get it.
Also have a look at our literature recommendations for
>> Business Valuation >>
>> Financial Modeling >> |
