Due Diligence: An M&A Value Creation Approach

ISBN-13: 9780470375907 / Angielski / Twarda / 2009 / 304 str.

William J. Gole; Paul Hilger

Opis

This nuts-and-bolts guide examines all aspects of an M&A due diligence-from coming to the decision to acquire a company, to who should be on the due diligence team, to the actual process and the final report and post-closing follow up.

Recenzje

"The authors of this book offer what they call a holistic approach to the due diligence aspects of corporate mergers and acquisitions. Although the authors briefly point to legal considerations in the M&A process, this is not a legal title. It was written by CPAs to provide practical guidance to due diligence activities. The authors accomplish this goal therefore the book would be more approporiate for an undergraduate or graduate business library than an academic law library." ( Legal Information Alert, Vol 29, No 3)

Spis treści

Preface.

About the Authors.

PART ONE: Planning.

CHAPTER 1: Introduction.

CHAPTER 2: Planning for Value Creation: Growth Strategy.

CHAPTER 3: Implementing the Growth Strategy.

PART TWO: Investigation. 

CHAPTER 4: Preparing for Due Diligence.

CHAPTER 5: Conducting the Due Diligence Review.

CHAPTER 6: Reporting on Due Diligence: Deliverables and Decisions.

PART THREE: Execution.

CHAPTER 7: Optimizing Value: Translating Due Diligence Findings into Action.

CHAPTER 8: Integration: Extracting Value and Mitigating Risk.

APPENDIX: What Is the Premerger Notification Program: An Overview.

Index.

O autorze

William J. Gole, MBA, CPA, is the former Senior Vice President, Planning and Business Development, with Thomson Healthcare, a division of Thomson Reuters, where he was responsible for strategic planning and acquisition and divestiture activity.

Paul J. Hilger, CPA, is the former Executive Vice President and Chief Financial Officer of Thomson Healthcare. He has over twenty–five years of financial leadership experience, and has led numerous acquisitions and divestitures from planning through integration.

Blurb

Step–by–step guidance for conducting M&A due diligence

Written by William Gole and Paul Hilger, two in–the–trenches veterans in the field of mergers and acquisitions, Due Diligence is an essential guide for corporations considering acquiring another company. The process outlined in the book puts the spotlight on value creation and value extraction in addition to risk assessment.

Reflecting their view that due diligence is most effective when it is a seamless overlay on the acquisition process flowing out of its preparatory stages and influencing the team′s subsequent behavior, Gole and Hilger show how to implement each step of the due diligence process including:

• Establishing a growth strategy
• Screening and selecting candidates
• Establishing diligence objectives
• Validating value and mitigating risk
• Developing actionable findings
• Negotiating and closing
• Integration
• Post–deal assessment

This comprehensive book highlights key points at the end of each chapter and includes a wealth of helpful exhibits, examples, checklists, and templates.