Scott C. Whitaker

Cross-Border Mergers and Acquisitions (eBook, PDF)

• Format: PDF

Produktbeschreibung

Navigate cross border M&A for a flawless integration execution

Cross Border Mergers and Acquisitions is a practical toolbox for corporate strategy and development professionals dealing with the many challenges involved in cross border M&A. With a detailed discussion of key market specifics and broadly-applicable critical insight, this book demystifies the cross border M&A process and provides a host of practical tools that ease strategic implementation. A geographical overview explains the trends in major M&A markets including Australia, Brazil, China, Russia, the U.K., and the U.S., and industry-specific guidance covers Financial Services, Aerospace and Defense, Health Care, Tech, Manufacturing, and more. Leading experts relate lessons learned while managing actual PMI (post merger integration) processes, and the discussion of cultural impacts and specific situational needs provides deep insight into the type of leadership a flawless integration requires.

Corporate restructuring and internationalization efforts are increasingly relying on cross border mergers and acquisitions. Strategies, motives, and consequences are a complex navigational minefield, but this insightful guide provides solid, actionable guidance for leading a successful integration.

• Understand the region-specific details that make an impact
• Overcome common challenges and manage complex deals
• Gain practical insight and valuable tools for leading integration
• Learn the most current best practices for PMI® processes

Cross border M&A is complex, with myriad challenges and obstacles inherent to the situation. Successful integration and a smooth transition are critical, and there's little wiggle room-it's a situation where you have only one chance to get it right. Cross Border Mergers and Acquisitions is an essential guide to the process, with key tools for execution.

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Produktdetails

• Verlag: John Wiley & Sons
• Erscheinungstermin: 5. April 2016
• Englisch
• ISBN-13: 9781119227441
• Artikelnr.: 44875333

Autorenporträt

SCOTT C. WHITAKER has been involved in over two dozen mergers and acquisitions totaling nearly $100 billion in value. His industry experience includes health care, financial services, telecommunications, gaming, hospitality, chemicals, oil and gas, industrial manufacturing, retail, and consumer durables. Scott has worked internationally in Canada, China, Europe, and Africa on a variety of assignments, and specializes in establishing Integration Management Offices (IMOs) and helping companies develop integration playbooks. He is the author of Mergers and Acquisitions Integration Handbook.

Inhaltsangabe

Preface xi

About the Author xv

About the Contributors xvii

PART ONE Cross-Border Strategy and Deal Planning

CHAPTER 1 Cross-Border Deal Evolution and Rationale 3
Gilles Ourvoie

The Evolution of M&A and Cross-Border Deals 4

Strategic Motives 23

Factors Influencing Cross-Border Deals 28

Chapter Checklist 42

CHAPTER 2 Cross-Border M&A Strategy and Deal Planning Essentials 45
Michael Holm

M&A Strategy Overview 45

Components of Cross-Border M&A Strategy 50

Responsibilities and Accountability in the Organization 53

Target Company Criteria 56

Prepare and Plan for a Cross-Border Deal 59

Chapter Checklist 63

CHAPTER 3 Legal, Financial, Social, and Political Interdependencies with Cross-Border Integration 65
Andrew Scola

Introduction 65

Legal Impact 68

Financial Impact 78

Social Impact 81

Political Implications 82

Managing External Risks and Issues 84

Chapter Checklist 85

CHAPTER 4 Trends and Leading Practices in Global M&A 87
Thomas Kessler

Global Transaction Trends in the Post-Financial Crisis World 88

The M&A Life Cycle 89

Developing a Succinct Cross-Border Transaction Strategy 92

Matching M&A Strategy with Transaction Reality 98

Selecting the Right Candidate 102

Planning Cross-Border Due Diligence 105

Defining Successful Options and Strategies for Mitigating Execution Risk in Cross-Border M&A Transactions 107

Chapter Checklist 110

CHAPTER 5 Cross-Border M&A: Region- and Country-Specific Trends and Deal Planning Tips 111
Michael Holm

Introduction 111

Some Useful Cross-Border Insights and Tips 118

Understanding Corporate versus Country Cultures When Doing Cross-Border M&A Deals 120

Chapter Checklist 123

PART TWO Cross-Border Culture and Leadership Alignment

CHAPTER 6 Leading during Cross-Border M&A 127
Scott Whitaker

Why Leadership Is So Critical during M&A 128

Leadership Responsibilities of Acquiring Companies 129

Leadership Responsibilities of Target Companies 131

Leadership Responsibilities of the Integration Management Offi ce 133

Symptoms of A Leadership Void and How to Address Them 134

Leadership Leading Practices 136

Chapter Checklist 137

CHAPTER 7 The Role of Culture in Cross-Border M&A 139
Christophe Van Gampelaere

Understanding Cultural Management 139

Cultural Awareness 141

Strategy and Culture 149

Implementation 156

Chapter Checklist 164

CHAPTER 8 Managing National Reactions and Sovereignty Issues 167
Gilles Ourvoie

The Ambivalent Relation between Cross-Border M&A and National Interest 168

Inward Cross-Border Deals: Key Restrictions 174

International Differences and Similarities 189

How to Deal with Sensitive Cross-Border Transactions 190

Conclusion 196

Chapter Checklist 198

PART THREE Cross-Border Integration, Planning, and Execution

CHAPTER 9 Managing Pre-PMI Due Diligence 203
Eitan Grosbard

Introduction 204

Traditional Due Diligence 206

Integrated Due Diligence--360-Degree Due Diligence 219

Conducting the Due Diligence Process 224

Chapter Checklist 228

CHAPTER 10 Ramping Up an Integration Management Office and Day One in Cross-Border Deals 229
Stefan Hofmeyer

The Impact of an Integration Management Office on Cross-Border Int