I’m often asked for a due diligence checklist by clients or acquirers who are anxious to make sure they’ve covered all their bases. While there are plenty of due diligence checklists, I caution against using a list developed by someone else because it may not cover aspects that are important to your organization. Your questions …
Tag: M&A
Six Ways to Reduce Stress During Due Diligence
Pursuing M&A is a passionate process. Emotions run the gambit from excitement in finding a new deal to anxiety about risks uncovered during the acquisition. I’ve found due diligence and negotiations to be among the most stressful times during mergers and acquisitions. Here are six ways to help everyone keep their cool during these critical …
Partnership, Not Conquest: Mergers and Acquisitions
A collaborative mindset often leads to the best long-term outcome when you’re looking to buy another company. Buying a company is not like buying a used car where you walk away and never see the dealer again. It can be more like buying an automobile with the seller thrown in. Imagine yourself at a dealership …
Robust Summer M&A, More to Follow
Summer is officially over and we’re ready to get back into the swing of things. If this summer is any indication of M&A for the remainder of the year, we can expect robust deal activity. Typically we see fewer transactions over the summer, particularly in August, but this year we saw $293 billion in global …
Burger King – Tim Hortons Merger: What You Need to Know
Burger King and Tim Hortons plan to merge in an $11 billion deal that will create a new fast food powerhouse. The merger has received significant attention from the media, dealmakers, regulators and consumers. Capstone’s infographic will show you what you need to know about this exciting transaction. Click on the image for a closer …
Burger King – Tim Hortons Merger Is Unappetizing Deal
Burger King and Tim Hortons announced on Sunday that they would merge into a single enterprise with $22 billion in revenue and 18,000 restaurants worldwide. A new parent company headquartered in Canada would be created in what technically is a tax inversion, although tax savings are not driving the merger itself. The main strategy is …
Acquisitions: Every Company Is For Sale
Why actively pursuing not-for-sale companies can lead to a better acquisition than a for-sale opportunity. When searching for acquisition prospects, most people only consider for-sale acquisitions. Usually these are offered by investment bankers, who carry a “book” of candidate companies. Restricting your search to for-sale opportunities is usually a mistake. I encourage clients to actively …
The Dangers of Getting Swept Away In the Excitement of a Deal
“The danger with a mergers-and-acquisitions boom is that chief executives could allow themselves to get carried away by the thrill of the hunt, reducing their focus on internal investment projects that might have a better chance of bearing fruit,” says the New York Time’s Dealbook column. M&A activity has reached record highs and shows no …
Maximizing Your Resources with Privately Held, Not-for-Sale Acquisitions
Sprint has dropped its bid to acquire T-Mobile due to regulatory pressure. Large, public transactions must be reported and should be regulated by law, of course, but this is an unfortunate setback for Sprint. After investing resources putting together the deal and lobbying for months, the company must walk away from it because of external …
