The document discusses various aspects of corporate mergers and acquisitions (M&A). It notes that M&A involves many roles across business, legal, HR, and communications functions. While M&A is one tool in a company's strategy toolbox, decisions are often made at the top levels of leadership. The document also outlines steps in the M&A process including discovery, valuation, negotiation, due diligence, integration and provides advice for effectively engaging in M&A transactions.
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
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