Voices

Here's an M&A buyer's guide to: independent valuations, financial due diligence, tax planning, on-the-ground support and post-acquisition accounting.

Data analysis played an important role in KKR's investment in Slice, Uber's acquisition of Postmates and Lululemon's purchase of Mirror.  

The coronavirus has accelerated the U.S. dependence on overseas manufacturing for finished dose products, as well as the active pharmaceutical ingredients necessary to produce life-saving medications.

The pandemic is leading sports enthusiasts to rediscover the appeal of outdoor activities such as golf, cycling, hiking and fishing, and those activities are drawing interest from both private and strategic buyers.

While GPs have long relied on models and metrics to guide their thinking on investments, they’ve too often sized up companies’ human dynamics using little more than gut instinct.

Economic disruption is creating opportunities and the investment landscape is setting up for what could be a significant uptick in distressed M&A activity.

Sellers are likely to focus on limiting closing conditions and will prefer buyers with available cash and those that would not trigger a contentious antitrust review.

Stanley Works' purchase of Black & Decker and Intuit's acquisition of Mint.com may be useful examples.

"As stewards of capital we have an outsized role in determining which businesses to support," says Barings managing director Mina Pacheco Nazemi. "As asset allocators, we need to hold ourselves accountable. I can do more. Will you join me?"