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COMMENTS ON
CORPORATE M&A
Teemu Polo
27. syyskuuta 13
COMMENTS ON
CORPORATE M&A
Teemu Polo
27. syyskuuta 13
Disclaimer
Background from only working with one corporate M&A
As business representative, not corporate M&A team
Strategy & implementation
Nokia S60 -> Devices Strategy & Business development
From private small startups to listed companies.
Very narrow field of M&A
Friendly, technology, acquisitions.
27. syyskuuta 13
Disclaimer
Background from only working with one corporate M&A
As business representative, not corporate M&A team
Strategy & implementation
Nokia S60 -> Devices Strategy & Business development
From private small startups to listed companies.
Very narrow field of M&A
Friendly, technology, acquisitions.
27. syyskuuta 13
Aspects of Corporate M&A
Roles. Business, Legal, HR, M&A, Comms, ..
Strategy vs. tactics
M&A only one tool in the box, several tools may apply
Bad track record in general
Decisions done at the top, heavy artillery
27. syyskuuta 13
Aspects of Corporate M&A
Roles. Business, Legal, HR, M&A, Comms, ..
Strategy vs. tactics
M&A only one tool in the box, several tools may apply
Bad track record in general
Decisions done at the top, heavy artillery
27. syyskuuta 13
Discovery
Reactive vs. Proactive
Part of normal Strategy / Business Development work
Whats the driver?
Patents? Cost savings? People? Time-to-market?
Valuation
27. syyskuuta 13
Discovery
Reactive vs. Proactive
Part of normal Strategy / Business Development work
Whats the driver?
Patents? Cost savings? People? Time-to-market?
Valuation
27. syyskuuta 13
Transaction
Acquisition: technology vs. company
Negotiation bold and beautiful. Advisors.
Due diligence.
Leading to integration..
27. syyskuuta 13
Transaction
Acquisition: technology vs. company
Negotiation bold and beautiful. Advisors.
Due diligence.
Leading to integration..
27. syyskuuta 13
Advice
Get to the radar early
Drive towards deal, create sense of urgency
Identify key stakeholders
Avoiding red flags
Avoid Earn-out constraints...
Be bought, not sold.
27. syyskuuta 13
Advice
Get to the radar early
Drive towards deal, create sense of urgency
Identify key stakeholders
Avoiding red flags
Avoid Earn-out constraints...
Be bought, not sold.
27. syyskuuta 13

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Comments on Corporate M&A

  • 1. COMMENTS ON CORPORATE M&A Teemu Polo 27. syyskuuta 13
  • 2. COMMENTS ON CORPORATE M&A Teemu Polo 27. syyskuuta 13
  • 3. Disclaimer Background from only working with one corporate M&A As business representative, not corporate M&A team Strategy & implementation Nokia S60 -> Devices Strategy & Business development From private small startups to listed companies. Very narrow field of M&A Friendly, technology, acquisitions. 27. syyskuuta 13
  • 4. Disclaimer Background from only working with one corporate M&A As business representative, not corporate M&A team Strategy & implementation Nokia S60 -> Devices Strategy & Business development From private small startups to listed companies. Very narrow field of M&A Friendly, technology, acquisitions. 27. syyskuuta 13
  • 5. Aspects of Corporate M&A Roles. Business, Legal, HR, M&A, Comms, .. Strategy vs. tactics M&A only one tool in the box, several tools may apply Bad track record in general Decisions done at the top, heavy artillery 27. syyskuuta 13
  • 6. Aspects of Corporate M&A Roles. Business, Legal, HR, M&A, Comms, .. Strategy vs. tactics M&A only one tool in the box, several tools may apply Bad track record in general Decisions done at the top, heavy artillery 27. syyskuuta 13
  • 7. Discovery Reactive vs. Proactive Part of normal Strategy / Business Development work Whats the driver? Patents? Cost savings? People? Time-to-market? Valuation 27. syyskuuta 13
  • 8. Discovery Reactive vs. Proactive Part of normal Strategy / Business Development work Whats the driver? Patents? Cost savings? People? Time-to-market? Valuation 27. syyskuuta 13
  • 9. Transaction Acquisition: technology vs. company Negotiation bold and beautiful. Advisors. Due diligence. Leading to integration.. 27. syyskuuta 13
  • 10. Transaction Acquisition: technology vs. company Negotiation bold and beautiful. Advisors. Due diligence. Leading to integration.. 27. syyskuuta 13
  • 11. Advice Get to the radar early Drive towards deal, create sense of urgency Identify key stakeholders Avoiding red flags Avoid Earn-out constraints... Be bought, not sold. 27. syyskuuta 13
  • 12. Advice Get to the radar early Drive towards deal, create sense of urgency Identify key stakeholders Avoiding red flags Avoid Earn-out constraints... Be bought, not sold. 27. syyskuuta 13