Tag archives: corporate culture

Corporate Divorce: An Analysis of Divestments and Lessons to Carry Forward

By Abigail Court (Toronto) on January 18, 2021 Posted in M&A

In the midst of these unprecedented times, many companies are looking to mergers and acquisitions to realize new growth opportunities and diversify; however, before heading down this road, one question needs to be asked: is it a marriage built to last or is it doomed from the start? A recent paper, which examined 1,365 M&A … Continue reading

Outlook for 2019: cross-border M&A and post-merger integration

By Troy Ungerman (Toronto) on April 3, 2019 Posted in M&A

Despite a general environment of uncertainty, 2018 was quite active in the cross-border M&A arena. However, observers expect a global drop for this year, especially for the mega-deals (i.e. transactions with deal values exceeding $10 billion) amid uncertainty over Brexit and the threat of globe trade wars. Accordingly, acquirers are increasingly focusing on domestic deals rather … Continue reading

Creating value beyond the deal

By Troy Ungerman (Toronto) on March 7, 2019 Posted in M&A

In today’s M&A market, dealmakers are increasingly under pressure – resulting from increased disruption, industry convergence, technological change and the need to shift to new business models to stay competitive – to maximize and deliver value from each deal they do. One would think, therefore, that value creation would be a priority for dealmakers. However, … Continue reading

Strategies for parenting start-ups, post-acquisition

By Jaray Zhao (Toronto) on January 17, 2019 Posted in M&A, Technology and innovation

In recent years, we have seen more acquisitions of start-ups by big corporations in the tech industry, healthcare, retail, fashion, beauty, food, and transportation. The benefits of M&A transactions in these sectors has been more widely recognized. For instance, for a start-up, partnering with a large corporation provides broader market access, deeper industry knowledge and … Continue reading

Why some tech M&As fail to deliver value

By Jaray Zhao (Toronto) on January 4, 2018 Posted in M&A, Technology and innovation

In a recent blog post, we explored the reasons why a sizable number of M&A deals fail to complete every year. As discussed in that post, the closing of an M&A deal does not necessarily announce the success of a transaction. In fact, as high as 60% of M&A deals fail to deliver value even after a … Continue reading

Human capital considerations in M&A transactions

By Troy Ungerman (Toronto) on March 16, 2016 Posted in Corporate finance, Employment and labour

In any M&A transaction, there are a variety of risks that are associated with human capital. Mercer has recently released a report, People Risks in M&A Transactions (the Report), based on a survey of M&A professionals. It provides an analysis of approximately 450 M&A transactions, and interviews corporate and private equity clients, investment bankers, and … Continue reading

The Culture Problem

By Troy Ungerman (Toronto) on October 15, 2013 Posted in Corporate finance

Recent discussions on M&A deal activity debate whether mergers and acquisitions fail to meet financial projections or return on shareholder value. Most often, failures are chalked up to ‘cultural clashes’, implying that the two merging entities ‘just don’t fit’. Given the abundance of resources that get allocated towards the execution of a merger or acquisition, … Continue reading