Four Steps for a Successful Acquisition
There is no doubt that M&A is an effective way for businesses of all sizes around the globe to accelerate their growth. The process of buying a business is rife with potential pitfalls which can cause businesses acquired to lose their value. By following these four steps, you can help you avoid common pitfalls of acquisition, and make your next purchase an efficient strategy for growth.
1. Make a plan for your purchases.
Poor planning is one of the main reasons behind failed acquisitions. If you develop an acquisition strategy prior to the start of your acquisition you can be sure that your company is maximizing the value of dataroomplace.blog/successful-acquisition-management-process/ its acquisition and keeping in line with the objectives of your M&A strategy.
Typically, this involves creating the list of M&A companies to target and then reducing that list with the use of search criteria. This could include factors such as the industry sector, deal size and market share, as well as operational scale. Corporate development teams can leverage different sources to identify M&A potential targets, such as online sources such as DealRoom and LinkedIn trade journals, trade magazines and industry associations, and databases of investment banks as well as private equity firms.
2. Create a team that will manage the M&A Process.
It’s crucial that management teams establish an executive team headed by a senior executive that is able to supervise the M&A process from start to the end. This is essential to ensure that the purpose of the acquisition won’t be lost in the process and that the integration process is smooth and efficient. It is also crucial to have human capital experts on the M&A team to calculate the cost of benefits and compensation and also quantify actuarial estimates of pension and other financial obligations.