Mergers and Acquisitions

Ten Lessons from 20 Years of BCG’s M&A Report

A number of success factors have withstood the test of time, proving to be as significant in our updated analyses as when we first identified them.

The M&A Window Is Wide Open—for Now

Downturn deals outperform. Is your company prepared to seize the moment?

Organization Design Will Make or Break a Deal

Only about half of companies that undergo organization design during a post-merger integration say it was successful. Leaders can flip those odds by focusing on five imperatives.

The 2022 M&A Report: The Winning Moves in Green Dealmaking

By applying the lessons learned from success stories, companies can use M&A and other transactions to accelerate their environmental transformations.

Post-Merger Integration

How Full-Potential PMI Delivers Superior Results

BCG Managing Director & Partner Ib Löfgrén defines the concept of full-potential PMI—a powerful way to help clients deliver value by creating a platform for future growth—and shows how BCG is supporting clients beyond typical benchmarks for traditional PMIs.

Capitalizing on ESG Synergies in M&A

Acquirers must ensure that the combined entity’s environmental, social, and governance performance is more than the sum of its parts.

Keep ESG Top of Mind During Post-Merger Integration

Companies preparing for joint operations can elevate their ESG ambitions by establishing new targets, employing best practices, and clearly communicating their goals.

Most Tech Deals Focus on Growth. Most Post-Merger Integrations Don’t.

A survey of dealmakers shows that technology companies can maximize the value from M&A by aligning their predeal strategy with their postdeal priorities.

Carve-Out

How Versuni Created Its Own Path

Turning Philips Domestic Appliances into a standalone company involved more than just a name change. As Versuni CEO Henk S. De Jong explains, it required a complete business and IT transformation.

Taking the Stress Out of Distressed Carve-Outs

By taking three actions, companies can shave off about 40% of the time it takes to close a deal while maximizing value creation.

The Tech Challenges When Private Equity Buys a Carve-Out

Acquirers need robust due diligence to inform valuations, negotiations, and operational decisions. Six imperatives guide the effort.

IPOs

IPO Performance and the Quest for Capital

IPOs offering only existing shares outperform those seeking fresh capital due to the signaling effect associated with a public listing.

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The SPAC Bust Could Be a Boon for Targets

The frenzy surrounding special-purpose acquisition companies has faded. But with hundreds facing a merger deadline, private companies could strike a favorable deal that takes them public.

Tech Startups Should Prepare Now for the Next IPO Boom

Though it may seem counterintuitive, today’s adverse capital market conditions are an ideal time to lay the groundwork for an initial public offering.

Does Your IPO Need an Anchor or Cornerstone Investor?

Issuers can benefit from onboarding a respected player to support their public offering. Success requires careful planning and well-executed negotiations.

Joint Ventures

Building a Winning Joint Venture

A remarkably high number of companies report being dissatisfied with their joint ventures. Here’s what to know before getting into one—and the pitfalls to avoid.

Why Procurement Partnerships Fail—and How to Get Them Right

A procurement partnership may take years to bear fruit, if it succeeds at all.