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.
and Corporate Culture
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
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
The vision for the new organization has to come first.
||All literature recommendations:
>> M&A >>
now with extended and updated M&A Section
Mergers and Acquisitions Playbook: Lessons from the Middle-Market Trenches
Mark A. Filippell
This book provides the practical tricks of the trade on how to get
maximum value for a middle-market business. It uniquely covers how
to prepare for a sale, how to present the business most positively,
and how to control the sale timetable.
Mergers and Acquisitions from A to Z
Andrew J. Sherma
Covering the latest trends, developments, and best practices for
the post-Madoff era, this comprehensive, hands-on resource walks
readers through every step of the process, offering practical advice
for keeping deals on track and ensuring postclosing integration
success. Filled with case studies and war stories illustrating what
works and why, the third edition of this book offers valuable tools,
checklists, and sample documents.
Mergers and Acquisitions Basics: Negotiation and Deal Structuring
presents a summary of negotiating and deal structuring that captures
its dynamic process, showing readers how brokers, bankers,
accountants, attorneys, tax experts, managers, investors, and others
must work together and what happens when they don't.
Mergers and Acquisitions: A Step-by-Step Legal and Practical Guide
by Edwin L. Miller
To avoid costly mistakes, this guide helps deal participants
anticipate and solve issues before they come up. This guide is full
of advice, including: hiring an investment banker and on what terms;
what issues to raise at the letter of intent stage; how to prepare
the business for sale or do effective due diligence if you are the
buyer; what the principal "money issues" are in the definitive
acquisition agreement. The book also discusses further
pitfalls that can jeopardize a successful
acquisition well before a potential transaction.
The Art of Distressed M&A: Buying, Selling, and Financing Troubled and Insolvent Companies
by H. Peter Nesvold, Jeffrey Anapolsky, Alexandra Reed Lajoux
This book arms you with creative solutions to seemingly impossible
problems and helps you to avoid common pitfalls. This comprehensive
guide enables you to: * Understand the roles, rights, and
responsibilities of debtors, secured creditors, unsecured creditors,
advisors, trustees, and bankruptcy courts
* Navigate through complicated valuation, financing, legal,
accounting, and tax issues
* Create the optimal deal structure
Terms - The Finer Points of Venture Capital Deal Structures,
Valuations, Term Sheets, Stock Options and Getting Deals Done
by Alex Wilmerding
Art of M&A: A Merger Acquisition Buyout Guide
by Stanley Foster Reed, Alexandra Reed Lajoux
The Art of M&A, Third Edition, is the leading answer book in
today's fast-changing, enormously complex merger world. Synopses of
nearly three dozen landmark cases give real life insights into legal
rulings from previous high profile mergers.
for M&A: Building Value in Private Companies
by Frank C. Evans, David M. Bishop
Valuation for M&A
lays out the steps for measuring and managing value creation in nonpublicly traded entities, and helps investors, executives, and
their advisors determine the optimum strategy to enhance both market
value and strategic value and maximize return on investment.
Mergers, Acquisitions, and Other Restructuring Activities, Sixth Edition: An Integrated Approach to Process, Tools, Cases, and Solutions
by Donald DePamphilis
Most books on mergers and acquisitions focus on process management,
human resource management, or the financial aspects of the deal.
This book brings together the essential elements of each domain,
including subjects that are often overlooked or treated only
superficially by other texts. These subjects include post-merger
integration, business alliances, deal structuring and strategies,
financial modeling and simulation, assumptions-driven planning, and
valuing intellectual property.