Publications

By Gillis Jonk and Michael Ungerath – A.T. Kearney     Prevailing wisdom says speed in a merger or acquisition is essential to success. Integrate quickly or fail. So why do only a few generate real value? Depending on who you talk to, fewer than 20 to 50 percent of M&As succeed. It’s time to rethink our philosophy on merger … Read more

By John O. Nigh and Marco Boschetti     By taking a complete look at all the relevant sources of value and risk, the chances of a successful acquisition increase significantly.     With the resurgence of merger and acquisition (M&A) activity in the financial institution sector, it’s important for companies seeking to grow by acquisition … Read more

By Neal Ransome – PricewaterhouseCoopers     M&A remains robust M&A activity in the pharmaceutical and healthcare sector remained buoyant during 2005 with the completion of 2,048 transactions totalling $152bn. This tally – which encompasses deals worldwide in the pharmaceuticals, medical devices and healthcare services segments – compares with 1,807 transactions worth a combined $146bn in 2004. The … Read more

Robert Stegmann, a director in BearingPoint’s Merger Services practice, has worked extensively with companies in China, Korea, Japan and throughout the United States, helping them improve their strategies when it comes to due diligence and merger integration. In this Perspectives piece, Robert shares vital information for companies actively interested in entering or expanding in the … Read more

By Douglas Tuttle – Deloitte   Post-merger indigestion (n.): an insidious malady common among serial acquirers that fail to fully absorb their acquisitions. Initial symptoms include rising costs, unclear reporting relationships, technological inefficiency, and marketplace confusion. The sufferer experiences shrinking margins and lower revenue gains with each additional transaction. If left untreated, the syndrome can lead to a spectacular … Read more

2005 M&A Panel Discussion By Towers Perrin   Our panelists engage in an informative discussion of individual company approaches to managing the M&A process and share their experiences on what has been most successful. We look specifically at the pros and cons of centralized versus decentralized approaches and also examine the role of outside advisors.   … Read more

Corporate Development Roundtable By Curt Cornwell, James Flanagan, Mike Wathen –  PricewaterhouseCoopers     Divestitures are a strategic imperative   The management challenge of divesting a business for value and liquidity   Companies sell businesses for three inter-related reasons: to meet corporate strategic goals, to take advantage of an opportunity to sell a property at its peak value or to … Read more

Corporate Development Roundtable By PricewaterhouseCoopers     Emerging markets a complex challenge Emerging markets beckon, but deciding when and how to invest is an exercise in uncertainty   The siren calls of populous nations shaking off the restraints of the past and moving toward a free market economy are enormously tempting for corporations in mature economies. These … Read more

Creating global champions By Deloitte     Executive summary 1) Cross-border retail banking boom underway. In the past two years, eight of the 12 financial services mergers above $3 billion (USD), with a European domiciled firm as the acquirer, have been cross-border retail banking transactions. As the European banking market enters new and previously uncharted waters … Read more