Even with the pandemic initially bringing so much uncertainty and seeming to halt certain sectors of the economy, such as hospitality, transportation and commercial real estate, merger and acquisition activity rebounded by the end of 2020 and is on track for an even more robust 2021. Despite a slowdown in dealmaking in the second…
A prospective company will conduct commercial due diligence in order to fully understand the commercial or economic activity of the target company it is interested in acquiring. More than just a review of the target company’s sales or revenue, commercial due diligence delivers complete insight into market demand, competition, operations and all factors that…
A merger or acquisition is one of the most complex of corporate transactions, requiring the target company to assemble and present for review of hundreds of documents detailing the company’s assets and liabilities. The “sell-side” of a mergers and acquisitions (M&A) transaction describes the deal process from the perspective of the seller and the seller’s…
A joint venture (JV) is a business arrangement in which two or more organizations agree to unite their resources for the purpose of carrying out a specific task. Tasks might include the research and development of new products, selling into a new market, or other operational pursuits. It’s important to note that a JV…
When performing their due diligence, buyers in an M&A or private equity transaction must perform a valuation of the entire assets of the target company. Often, this means employing one or more business appraisal techniques. The most common methods that analysts use to evaluate assets include discounted cash flow analysis, comparable company analysis and precedent…
When engaged in a complex transaction, such as a merger or acquisition, or when engaged in private equity funding, it’s reasonable to expect that an audit of the target company’s financial statements will take place. The acquiring company or group of investors certainly want the reassurance that the company’s assets and liabilities are properly organized…
If necessity is the mother of invention, there’s probably a software solution that’s already been invented to handle that necessity. Indeed, people often look to technology to handle life’s little confusions. Whether it’s a consumer wondering how to resize a photo or a business person trying to figure out how to convert a Word…
The success of a merger and acquisition (M&A) deal isn’t guaranteed after the deal is signed and sealed. The integration period is every bit as crucial to ensuring that the acquiring business is able to achieve the goals it intended to with the transaction. How to ensure this phase of your M&A goes smoothly?…
Information rights management (IRM) is a discipline that involves managing, controlling and securing content from unauthorized access or compromise. IRM is a subset of digital rights management (DRM), which protects intellectual property from patent infringement and piracy. IRM focuses on protecting sensitive data and documents, especially data and documents that are exchanged with parties…
A conglomerate merger is a merger between companies that are involved in completely unrelated business activities. These mergers typically occur between companies within different but perhaps related industries or firms located in different geographical locations or that serve different customer groups. There are two types of conglomerate mergers: pure and mixed. Pure conglomerate mergers…