Justifying Acquisitions – The Board Paper

You have a Board Paper to write summarizing the benefits of acquiring your smaller competitor. You want to make an impact with a one page executive summary of why it’s such a good deal. What do you cover? Here some questions you need to answer: What is the total...
The Dangers of Acquisitions

The Dangers of Acquisitions

It can be tempting to quantum leap growth by buying another company and as a follow up to my post – the stunning failure of acquisitions, I’ve noted some more factors worth considering: Almost all research done by PWC or Deloittes points to around 85% of...
Acquisitions – Finding Targets

Acquisitions – Finding Targets

One of the key elements of an acquisition strategy – Buy what you want to buy not what’s up for sale. The question is: where do you look? Here are 10 places to look: Private Equity portfolio company lists (often on their web site). Trade show attendee...

The Stunning Failure of Acquisitions

The WSJ last week highlighted the evidence that some of our largest rock star brands just can’t get acquisitions right. HP, Boston Scientific, Nasdaq OMX Group, Frontier Communications Corp and Republic Services have all achieved the amazing result of paying so...

Selling Your Business For Shares

My advice to sellers of businesses is always the same – cash is king. Taking shares from the buyer in exchange for ownership of your company is risky. Think of it this way. If you had a wheelbarrow full of cash, and I asked you to tip it into a set of shares in...