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.
|
|
All literature recommendations:
>>
themanager.org-Strategy-Bookstore
>> M&A >> Due Diligence
Due Diligence: An M&A Value Creation Approach
by William J. Gole
This nuts-and-bolts guide examines all aspects of an M&A due
diligence - from coming to the decision to acquire a company, to who
should be on the due diligence team, to the actual process and the
final report and post-closing follow up. It advocates a focus on
both risk mitigation and shareholder value creation, and emphasizes
a holistic approach that spans from planning to post-acquisition
integration.
The AMA Handbook of Due Diligence
by William M. Crilly
This book is the most complete guide available on how to properly
perform a due diligence investigation — and radically improve the
success rate of a pending corporate merger or acquisition. The new
edition of this long-trusted resource includes a CD-ROM packed with
almost 400 customizable forms and templates for recording and
analyzing every possible operational or financial activity at any
organization.
Checklists for Due Diligence
by Peter Howson
The author takes you through the due diligence process itself from
legal, financial and commercial to employment and IT, and guides you
through the collection. Each checklist includes a short introduction
that enables you to make the best use of the material.
Due Diligence: Planning, Questions, Issues
by Gordon Bing
Bing breaks down the due-diligence process in detail and shows
readers how to investigate, step-by-step, a business with an eye to
buying or investing in it. In addition, the author identifies the
techniques to employ, the questions to ask, the documents to review,
and the issues to explore to reach intelligent conclusions about an
acquisition.
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. Expanding businesses must answer difficult questions, 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, Second Edition: Navigating Critical Steps and Uncovering Crucial Data
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 >> |