M&A
Mergers and acquisitions (M&A) are complex beasts, and one of the most critical aspects to nail down in a share-based transaction is the exchange ratio. This determines how many shares of the acquirer's stock target shareholders will receive for each of their shares. Broadly, these ratios
M&A
When you think of the M&A landscape, it's often tech giants acquiring startups or private equity firms buying out mature businesses. But often overlooked yet brimming with interesting financial and strategic considerations, are franchises. Franchise Model for Investors Why might franchises be an attractive proposition? * Proven
M&A
Where do M&A opportunities come from? It doesn’t always start with a company putting itself up for sale. Sourcing M&A deals is a complex, multi-dimensional process. Here’s an overview of the primary sources and types of M&A deals: 1. Off-Market Deals (Including
M&A
In M&A, one business model has risen to unprecedented prominence: the platform. From disrupting traditional industries to becoming prime targets for private equity rollups. But what exactly makes them so powerful,? A platform business is a model that facilitates interactions and transactions between two or more interdependent groups.
M&A
In an interconnected world, the notion of purely domestic investment has become increasingly limiting. While local markets offer familiarity, true opportunity and diversified risk often lie beyond national boundaries. The power of this approach is vividly demonstrated by global investment giants like KKR, whose success is deeply rooted in their
M&A
Deciding to sell a company is one of the most significant decisions a leader can make. To maximise the outcome and ensure a smooth transition, careful preparation and a deep understanding of the various considerations are paramount. This post will highlight the critical financial, operational, and strategic factors that should
M&A
There are many motivations for a deal: cost synergies, market share consolidation, access to new technology. But increasingly, sophisticated acquirers are executing M&A strategies with a singular, laser focus: aggressive revenue growth. This isn't about simply buying an existing revenue stream. It's about identifying
M&A
Private Equity (PE) firms are sometimes seen as financial engineers, stripping assets and loading companies with debt. Other times, turning around struggling businesses and driving impressive growth. The truth lies somewhere in the middle, and critically, a significant part of their success stems from how they add value to the
M&A
Investment decisions are the culmination of intense analysis, strategic foresight, and in-depth documentation. At the heart of this process, particularly from the buy-side or for internal approvals, lies a critical document: the Investment Memorandum (IM). While we often hear about deal sheets or pitch decks, the IM is far more
M&A
Business combinations are a constant. From mega-mergers to strategic bolt-on acquisitions, these deals reshape industries and create new market leaders. But what truly drives companies to combine forces? It's far more than just getting bigger. Below we explain the multifaceted reasons behind business combinations, categorizing them by their
M&A
Maximizing a company's valuation multiple is important for both sellers looking to achieve the best exit and buyers seeking to understand the true worth of an acquisition. While top-line revenue and EBITDA are critical, the multiple applied to these figures is where significant value can be created or
M&A
Behind every M&A deal are teams of highly specialized bankers working tirelessly to achieve their clients objectives. But how do these bankers get paid? The fee structure for buy-side and sell-side M&A bankers is a critical component of any deal. Let's break down the
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