Michael Hofer Michael Hofer

Michael's M&A Playbook: Reason #1 for M&A - Time To Market

There are many reasons why companies think about mergers and acquisitions to increase the company value, but the primary motivation why M&A makes sense is that you can accelerate the time to market. When you believe that now (or soon) is the right time to launch a product or service in a specific area to potential clients, then M&A is a powerful tool to achieve this quickly. Here are a few tips on how you can analyze the time-to-market effect. Have fun with this article.

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Michael Hofer Michael Hofer

Sell-Side M&A: 9 Tips to Make the Sale of a Business Unit or Company Successful

A sell-side transaction is a mergers and acquisitions process where you sell a business unit or company. The concept is similar in many aspects to buying a company, i.e., a buy-side deal; however, there are also significant differences. Some examples of specific sell-side issues are the timing of sharing information and preparing the Confidential Information Memorandum (CIM). Here are a few tips from my transactions that will make it easier for you to be successful in the next sale of a business unit or entity. Have fun with it.

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Michael Hofer Michael Hofer

Michael's M&A Playbook: 7 Tips for a Successful Due Diligence

Due diligence, in a sentence, is the process of collecting and analyzing information from the M&A target company. It is a crucial step in the mergers and acquisitions process but can sometimes be complex and intimidating. There are many websites where you can download a due diligence checklist, but they are often more textbook-based and theoretical. Here are some real-life examples from my M&A transactions that will help you make your next due diligence successful. You can download a free due diligence budget template at the end of the article. Have fun with it.

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Michael Hofer Michael Hofer

Michael's M&A Playbook: A Brief Introduction to Mergers and Acquisitions

Mergers and acquisitions can be complex and challenging. Many people are involved in M&A transactions, lawyers sometimes develop complicated legal and tax structures, and the financial terms and calculations are another issue. To make it easier for you, here is a brief introduction to some of the M&A terms. Have fun!

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Michael Hofer Michael Hofer

Michael's M&A Playbook: 5 Mergers and Acquisitions Process Steps

Understanding mergers and acquisitions is difficult because an M&A transaction can be complex, lengthy, and include many people. Nevertheless, you usually follow five steps from the beginning to the end in the M&A process map. Like with other stage-gate techniques, having a no-go decision that stops the project earlier is not unusual. Not all M&A transactions help you achieve your goals. Saying "No" to a target is sometimes the better decision. Have fun reading more about M&A process tips from my transactions.

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Michael Hofer Michael Hofer

Michael’s M&A Playbook: 5 Tips for the Alignment of the Management Reporting System

After you acquire another company, it is crucial to start as soon as possible with the alignment of the reporting. This is sometimes difficult because reporting systems and types of management reporting can be very different between the companies. The integration begins with the accounting standards, continues with the reporting of actuals with a comparison and variance analysis to plans, and also includes forecasting and budgeting. Have fun reading some tips from my M&A transactions.

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Michael Hofer Michael Hofer

Michael's M&A Playbook: Are You Ready for M&A?

Are we ready for M&A? This is the question that CEOs often ask before the company starts with M&A activities. The M&A readiness assessment is not easy and depends on the specific reasons and goals of your company that you want to achieve, but there are a few topics you can check to see whether your company is prepared for an M&A transaction. Have fun with my article with tips for an M&A readiness checklist.

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Michael Hofer Michael Hofer

Michael's M&A Playbook: 9 Tips for Successful Performance Improvement Plans

There are different reasons for M&A transactions, but often the acquirer believes that they can improve the financial performance of the target company. To achieve those results, companies develop a business case that includes operational and financial improvements. Here are a few tips from my M&A projects that will help you to successfully calculate and implement those plans.

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Michael Hofer Michael Hofer

Michael's M&A Playbook: Cash Flow Management

Cash is King - This is a general rule in financial management and also applies to the post-merger phase of an M&A transaction. Understanding the details of the target company's cash flow, implementing tools for better cash flow forecasting, and using synergies are critical to successfully integrating cash flow management. Have fun reading more in this article about tips from my M&A transactions.

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Michael Hofer Michael Hofer

Michael's M&A Playbook: Synergies in Purchasing

Post-merger integration is a crucial time in the M&A process. It makes M&A transactions successful or not. One of the important topics for synergies is the purchasing function. Companies can achieve savings of 5% or more in their annual spending if they approach it correctly. Use the power of higher volumes, improve supplier selection and relationship management, utilize economies of scale to invest in the IT infrastructure, and find the best negotiators. You can make it work whether you have a centralized or decentralized organizational structure. Have fun reading more about those topics in my article.

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Michael Hofer Michael Hofer

Michael's M&A Playbook: 5 Tips for Successful Change Management

There will be change. That’s for sure in the post-merger period of an M&A deal. The better we manage those changes, the more successful the integration will be. Change management is a crucial element in this integration. Focus on the reasons for the change, include people from different areas and companies, and focus on the opportunities. You will not only make the integration successful, but you will also have created an approach that works in the future when you need to implement other changes. Have fun reading my article with more ideas on how you can make change management successful.

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