The terms “mergers” and “acquisitions” are often used interchangeably, but they differ in meaning.
In an acquisition, one company purchases another outright.
A merger is the combination of two firms, which subsequently form a new legal entity under the banner of one corporate name.
A company can be objectively valued by studying comparable companies in an industry and using metrics.
Broad perspective on M&A. We help clients determine which sectors and functions offer the most potential, based on deep understanding of industry value chains and the underlying economics. We also help assess capabilities to execute a given transaction, determine what investors are willing to support, and identify sources of advantage relative to competitive offerings.
Long-term, objective view. Our insights and fact-based view help clients determine how well M&A programs enable strategies, support growth, and provide value to shareholders.
Unrivaled specificity. Successful M&A programs require precision to find the best targets at the best valuation. Our M&A blueprints reflect clients’ unique competitive advantages and take market and regulatory trends into account
Deep understanding of the value at stake. We help our clients apply the technical principles of valuation to their strategic decision making, M&A approaches, and managerial practices, as described in our book Valuation: Measuring and Managing the Value/li>
