The Unwritten Rules of M&A

Mergers and Acquisitions that Deliver Growth—Learning from Private Equity

John Colley

• Publisher: Palgrave Macmillan
• Year: 2024
• Print ISBN: 9783031683671
• eBook ISBN: 9783031683688
• Edition: 0
• Topic: Business
• Subtopic: Business Strategy
• Index: Business

Most boards are faced with the paradox of growth. Organic growth is slow and can be difficult in mature markets. M&A provides more rapid growth but is higher risk in terms of outcome. Businesses need growth not just to satisfy investors but to create market power and scale economies. This book helps to navigate the difficult terrain faced by boards wishing to grow through acquisition. It identifies which strategies are more likely to be effective and how the chosen strategy largely determines the form of integration. Taking a step-by-step approach, this book guides readers through the key decisions and likely business outcomes. Each chapter is accompanied by lessons which are helpful in summarising and consolidating the key issues.

This book tackles key topics, such as:

M&A performance and risks

Strategic growth options

Improving integration performance

Learning from private equity

M&A process and business valuation

Future of private equity

Performance driven governance

Grounded in cutting-edge theory and combined with engaging, real world case studies and practical exercises and lessons, this is an indispensable guide not only for MBA and Executive students, but also for anyone likely to be involved in setting strategy and the process of buying, selling or integrating a business.

Table of contents

• Cover
• Front Matter
• Part I. Introduction
• Part II. M&A: Strategy, Pricing and Integration
• Part III. M&A: The Private Equity Way—What Is There to Be Learnt?
• Part IV. Valuation, Process, Governance and Case Studies
• Part V. Conclusions
• Back Matter