October 31, 2020 at 2:43 pm
#38062
Riccardo Scaioli
Participant
Similar to what others have said, i agree with the retention being a key element in all deals. What i learned from multiple acquisitions, is that you can have a standard general approach, yet this would need to be tailored in regard to the company which is being acquired, and in particular when the two companies are from different cultural and geographical areas, and habits are different. Where an open and friendly approach can be seen the standard, dealing with a small family-owned company, in which the few employees are also close to retirement, will add extra complexity and retention is more and more important: communication is, from my perspective, all the time fundamental.