Insights: M&A Strategy

When Strategic Alliances Make Sense

A strategic alliance is an important lever of corporate value creation. It leverages the capabilities of a partner company to take advantage of an attractive business opportunity that the firm would not […]

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Why M&A Synergies Are Often Overvalued

Many M&A deals are premised on the value of synergies.  In some cases, synergy targets can be as high as 30% to 70% to justify the deal. Yet synergies are often overvalued.  […]

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Exit Strategy: How to Find The Right Strategic Buyer

When looking to sell a business, it is usually in the seller’s best interest to sell to a strategic buyer.  Strategic buyers usually include competitors, suppliers or customers of your company. They […]

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Why Corporate Finance is Foundational to Modern Strategy

A natural tension exists between strategic management and financial management of a company. Both aim at maximizing the value created by the firm but differ in their approach. Strategic management considers the […]

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Get Strategic Due Diligence Right or Small Problems Turn into Big Problems

M&A growth can generate significant value. It can also be extremely stressful for corporate leaders. Once they set their sights on a target company, they start feeling anxious about pulling the trigger. […]

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Value the business as stand-alone

A business unit must conduct its valuation as a stand-alone entity. The primary reason is that business value is the most critical performance parameter, which the business unit manager must own, empower, […]

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Why M&A Deals Fail

M&A deals fail more often than not. Study after study put the failure rate at over 70%, including Harvard Business School1, Wharton School of Business2, McKinsey3, Bain4, KPMG5, and many others.   […]

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