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Books > Business & Economics > Business & management > Ownership & organization of enterprises > Takeovers, mergers & buy-outs
The world of M&A has always been complex and nuanced.
Corporations encounter their toughest business problems during a
divestiture or a merger. At the same time, optimal execution of
divestitures can also create high value for the seller as well as
the buyer. This book is a collection of leading practices on
Divestitures and covers end to end transaction life cycle from
readiness through execution including post deal transformation. It
contains the synthesis of experiences across a wide array of
clients across industries, ranging from $500 million to $100
billion in revenue. Each chapter in this book can stand on its own
as an authority on leading practices related to the topic it
presents, and together, these chapters provide a comprehensive set
of perspectives needed to successfully complete a divestiture. The
highlight of the book is valuable real-life examples and references
that a business can benefit from, when it is considering, analyzing
or implementing a divestiture.
This book highlights research-based case studies in order to
analyze the wealth created in the world's largest mergers and
acquisitions (M&A). This book encourages cross fertilization in
theory building and applied research by examining the links between
M&A and wealth creation. Each chapter covers a specific case
and offers a focused clinical examination of the entire lifecycle
of M&A for each mega deal, exploring all aspects of the
process. The success of M&A are analyzed through two main
research approaches: event studies and financial performance
analyses. The event studies examine the abnormal returns to the
shareholders in the period surrounding the merger announcement. The
financial performance studies examine the reported financial
results of acquirers before and after the acquisition to see
whether financial performance has improved after merger. The
relation between method of payment, premium paid and stock returns
are examined. The chapters also discuss synergies of the deal-cost
and revenue synergies. Mergers and acquisitions represent a major
force in modern financial and economic environment. Whether in
times of boom or bust, M&As have emerged as a compelling
strategy for growth. The biggest companies of modern day have all
taken form through a series of restructuring activities like
multiple mergers. Acquisitions continue to remain as the quickest
route companies take to operate in new markets and to add new
capabilities and resources. The cases covered in this book
highlights high profile M&As and focuses on the wealth creation
for shareholders of acquirer and target firms as a financial
assessment of the merger's success. The book should be useful for
finance professionals, corporate planners, strategists, and
managers.
Taking a fresh and much-needed perspective on the management of
international acquisitions, this book focuses on socio-cultural
integration, and in particular the importance of emotions and
values. The authors build on the human-centric and typically Nordic
approach to mergers and acquisitions by presenting rich empirical
cases of cross-border acquisitions conducted by leading Nordic
multinationals. This book goes beyond merely stating that
successful human integration leads to sociocultural convergence and
presents how this can actually be accomplished. The authors offer
theoretical approaches and practical solutions which have the
potential of improving employee motivation and well-being, and in
doing so, ultimately enhancing the chances of successful
acquisition outcomes. Providing concrete examples of successful
practices for managing socio-cultural integration and facilitating
employee commitment, this book will appeal to both scholarly and
practitioner audiences.
Global financial markets might seem as if they increasingly
resemble each other, but a lot of peculiar aspects qualify
different markets with different levels of development. Private
equity investors can take advantage of these variations. Structured
to provide a taxonomy of the business, Private Equity and Venture
Capital in Europe, Second Edition, introduces private equity and
venture capital markets while presenting new information about the
core of private equity: secondary markets, private debt, PPP within
private equity, crowdfunding, venture philanthropy, impact
investing, and more. Every chapter has been updated, and new data,
cases, examples, sections, and chapters illuminate elements unique
to the European model. With the help of new pedagogical materials,
this Second Edition provides marketable insights about valuation
and deal-making not available elsewhere.
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