The Renaissance in Mergers and Acquisitions: The Surprising Lessons of the 2000s
Deal making has always been cyclical, but the historical success of M&A as a growth strategy comes into sharp relief when you look at the data. Bain & Company’s analysis strongly suggests that executives will need to focus even more on inorganic growth to meet the expectations of their investors.
Content: Article | Authors: David Harding, Richard Jackson, Satish Shankar | Source: “Bain & Company” | Subject: Mergers & Acquisitions
David Harding and Hugh MacArthur
Too many executives treat diligence as an audit to confirm what they think they know, rather than a solution to the problem of “I don’t know what I don’t know.”
Content: Quotation | Authors: David Harding, Hugh MacArthur | Source: “Bain & Company” | Subject: Mergers & Acquisitions
David Harding and Hugh MacArthur
[In M&A] it’s essential to formulate a strong, well-articulated deal thesis in advance and to concentrate analysis on proving it from the bottom up. All deal theses should answer the question: “How will buying this business make my existing business more valuable?” If a potential transaction has strategic value, the assertion needs to be backed up with customer input, competitor insight, new industry data and … [ Read more ]
Content: Quotation | Authors: David Harding, Hugh MacArthur | Source: “Bain & Company” | Subject: Mergers & Acquisitions
Mastering the Merger: Four Critical Decisions That Make or Break the Deal
Today’s corporate deal makers face a conundrum: Though 70 percent of major acquisitions fail, it’s nearly impossible to build a world-class company without doing deals.
In Mastering the Merger, David Harding and Sam Rovit argue that a laserlike focus on just four key imperatives-before executives finalize the deal-can dramatically improve the odds of M&A success. Based on more than thirty years of in-the-trenches work on thousands … [ Read more ]
Content: Book | Authors: David Harding, Sam Rovit
Staying Cool When Deal Pressures Mount
Imagine for a moment that you, as the chief executive officer of a publicly traded corporation, are about to make the biggest business decision of your life. Stacked before you on a conference table are the papers required to complete a merger between your company and one of almost equal size in a related industry. Across the table, the CEO of the company you’re … [ Read more ]
Content: Article | Authors: Catherine Lemire, David Harding, Sam Rovit | Source: “Bain & Company”