Mergers and Acquisitions (M&A)

Mergers and acquisitions change a business for years. We help you test the idea, price it properly, choose a sensible structure and plan how the two businesses will work together afterwards.

Who it is for

  • Boards and owners considering a merger or acquisition
  • Corporate development teams who need extra capacity
  • Companies exploring a joint venture or partnership
  • Investors who want a second opinion on a deal

What we do

  • Check the strategic fit: does this deal help the business grow, and how
  • Value the target and the combined business
  • Estimate synergies and the cost of achieving them
  • Compare structures, such as buying shares or assets, paying in stages, or using an earn-out
  • Show the effect on earnings and debt (accretion and dilution)
  • Plan the first 100 days of integration

What you get

  • A merger model with clear assumptions
  • A synergy estimate you can defend
  • A comparison of deal structures
  • A board summary of the case for and against
  • An integration priority list

How it works

  1. Intro callWe talk through what you are trying to achieve, what information exists, and whether we are the right fit. This call is free.
  2. Strategic reviewWe test whether the deal makes sense before money is spent on detail.
  3. Value and modelWe value both businesses and model the combination.
  4. StructureWe compare the ways the deal could be set up and priced.
  5. NegotiateWe support you in discussions on price and terms.
  6. Plan integrationWe help you plan what happens after closing.

What we need from you

  • Financial statements for both businesses, if available
  • Your reasons for the deal and what success looks like
  • Any information already shared by the other side
Please note. We advise on strategy, valuation and numbers. Legal, tax and regulatory work is done by your own advisers and we coordinate with them.

Questions

What is the difference between a merger and an acquisition?

In an acquisition one company buys another. In a merger two companies combine, usually on negotiated terms. In practice the two words are often used together.

What is a synergy?

A benefit that comes from combining two businesses, such as shared costs or extra sales. Buyers often overestimate synergies, so we test them carefully.

Tell us what you are working on.

Send a short message. We reply, agree what you need, and set a time to talk. Intro calls are free and carry no obligation.