Publications

By KPMG Introduction In recent years, Japanese multinational companies have been acquiring an increasing number of foreign companies or divisions of companies. Although the acquisition of existing foreign companies or business divisions has been an effective means for Japanese multinational companies to quickly expand their business into foreign and new markets, it has created difficulties related … Read more

By Bob Evans, Scott Nyquist, Kassia Yanosek– McKinsey & Company Contributors: Kelly Hsu, Hyder Kazimi, Parker Meeks, Kabir Melwani, Joe Quoyeser, Matt Rogers, Paul Sheng A deal deluge typically follows an oil-price collapse — but hasn’t always created value. Past cycles teach that deals enabling players to lower costs will probably be most valuable in today’s volatile oil-price world. Unlike what happened during previous oil-price collapses, … Read more

By Werner Rehm, Andy West – McKinsey & Company Announcement effects are a good instant measure of market sentiment but a poor indicator of longer-term value creation. Nothing supports the integration of a major acquisition like the sense that the market has blessed it. Managers watch their company’s share price closely in the days following the public announcement of a deal, … Read more

By Lynne Weedall, Neill Whittaker – KPMG Boxwood Introduction Businesses merge for many different reasons. Whether it be to increase market share, diversify into different markets, acquire new capabilities, achieve greater scale, reduce costs, respond to changing market dynamics, or purely and simply survival, mergers are usually driven by a strong and compelling rationale. And sometimes, it works. Disney Pixar and Exxon … Read more

By Hernan Marambio, James Jones, Jose Velaz – Deloitte Acquiring an overseas company can open up new markets and business opportunities. However, foreign companies may also include a number of unique human capital considerations that can impact deal value. Latin America, for one, may be a particularly attractive region for foreign acquirers, with a growing middle class and wealth of … Read more