M&A

Showing 1-9 of 10 results
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Digital Banking Innovation in the Age of Disruption

by Nirvikar Jain

To understand the recent decline in prominence of large banking conglomerates we must first understand the innovation history of the industry. This provides clues towards the paths banks must take for an innovative future.

11 minute readContinue Reading
FinanceIcon ChevronFinance Processes

Valuation Drivers to Consider During the M&A Sale Process

by Jonathan Wesner, CFA

While selling one’s company can seem like a daunting and difficult task, there exists a proven model and framework that drives valuation to maximum levels and leads to deals successfully getting done. This post is a guide for those contemplating a sale, as to what are the primary and secondary valuation drivers in a sale and how the process is conducted.

11 minute readContinue Reading
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Representations and Warranty Insurance: An M&A Tool Every Seller Should Know About

by Javier Enrile

Relatively unknown until recently, representation and warranty insurance is an interesting—and often extremely effective—tool for helping M&A deals cross the finishing line. By shifting the financial risk for breaches of representation and warranties to an insurance firm, these arrangements can enable sellers to receive all the purchase price proceeds at closing as opposed to being exposed to liquidity risk post deal close.

16 minute readContinue Reading
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M&A Negotiation Tactics and Strategies: Tips from a Pro

by Javier Enrile

Mergers and acquisitions are headline-grabbing events that are often the pinnacle of a CEO’s career. But they also often fail to generate value, as numerous studies over the years have shown. With over 15 years of experience doing M&A deals, Toptal Finance Expert Javier Enrile shows that the main reason for disappointing results is simple: Most people think M&A is merely an exercise of agreeing on a price for the deal. What they fail to understand is that there is a science to doing M&A that often makes the difference between a deal being successful or not. In this article, Enrile runs through three key tactics for ensuring your company can get the most value out of an M&A transaction.

19 minute readContinue Reading
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Professional Sports Franchise Valuation

by David Turney

Professional sports franchises continue to see record sale prices. But what drives a team like the Dallas Cowboys, who haven't won a Super Bowl in over 20 years, to top the list of the most valuable sports franchises in the United States? In this article, Toptal Finance Expert David Turney provides an overview of professional sports economics, unique valuation considerations, and a team valuation example.

23 minute readContinue Reading
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Latin America M&A Best Practices

by Emilio Labrador

Latin America boasts great investment opportunities with attractive risk levels, higher returns than home markets, and access to a large population base with growing income. However, Latin American acquisitions require special attention and include a number of difficulties unique to the region. This article provides insights gleaned from Finance Expert Emilio Labrador's 15 years of experience in Latin American oil and gas M&A. It provides practical tips for foreign acquirers considering investments in Latin America, on topics ranging from risk premiums in valuation, accounting due diligence, and legal considerations.

20 minute readContinue Reading
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Earnouts: Structures For Breaking Negotiation Deadlocks

by Javier Enrile

The discipline of mergers and acquisitions is a complex and labyrinthine one, peppered with its share of false starts, thrilling chases, and heartbreaking shortfalls. Toptal Finance Expert, Javier Enrile, explores the use and structuring of earnouts as one of the most effective tools for the M&A practitioner seeking to break negotiation deadlocks and mitigate risk.

14 minute readContinue Reading
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Everything You Need to Know about the CVS-Aetna Merger

by Melissa Lin

Candy, cosmetics... and medical care? In a vertical merger valued at a whopping $69 billion, your favorite stop-in, CVS, plans to buy Aetna. If it goes through, it will be the largest deal of 2017 and the largest healthcare deal to date. Amidst all the buzz surrounding the merger, this article elucidates the motivations behind it, including operational cost-cutting, expanded services as a competitive advantage, and threats from both Amazon and UnitedHealth. This piece also explores potential market effects.

11 minute readContinue Reading
FinanceIcon ChevronRevenue & Growth

Amazon vs. Walmart: Bezos Goes for the Jugular with Whole Foods Acquisition

by Toby Clarence-Smith

Through its acquisition of Whole Foods, Amazon is not only likely to disrupt the grocery shopping experience but is perhaps embarking on a grander push that could change the entire retail landscape, leaving Walmart on the back foot.

14 minute readContinue Reading

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