Utilize the possibilities of a comprehensive NDA
During the initial phases of an M&A deal, it is customary for the involved parties to execute a Non-Disclosure Agreement (NDA), also known as a "Confidentiality Agreement." Here, we aim [...]
M&A: Which earnings metric serves best?
The valuation of companies often revolves around the consideration of earnings multiples, a common practice in financial analysis. However, a crucial question arises: which earnings metric serves as the basis for [...]
M&A: Understanding Representations and Warranties
In the realm of mergers and acquisitions (M&A), Representations and Warranties play a pivotal role, constituting a crucial aspect of the transactional landscape. Representations are factual statements, while warranties encompass promises [...]
Know your M&A financial metrics
Mergers, acquisitions, and buyout transactions are intricate endeavors that demand meticulous analysis and evaluation of various financial factors. The acquiring company and the target company must comprehensively assess the financial [...]
Trust encourages greater risk-taking in M&A transactions
Trust is critical in M&A transactions. Both parties are naturally suspicious of each other, and tensions run high even in the smoothest of deals, so any ant can be magnified into [...]
Don’t forget your Working Capital target
An evaluation of a company’s working capital is a critical piece of merger and acquisition (M&A) transactions. A detailed financial evaluation must be conducted to determine the financial and legal [...]
M&A valuation in inflationary times
For the last 3-4 months we have heard the same question in our meetings with business owners: "How will inflation impact the valuation of my business”. This question can be tricky, [...]
How ESG is shaping the landscape in M&A
Companies must consider environmental, social and governance (“ESG“) factors in their mergers and acquisitions (“M&A“) transactions to achieve maximum value and monitor risks. ESG matters are becoming increasingly significant in [...]
Private Equity – Culture must not be neglected
The importance of culture and its impact on private equity strategy and returns has been a growing development over the past couple of years. As PE investment returns have lagged [...]