How Attractive are Different M&A Markets Globally

Over the past several years, the M&A Research Centre at Cass Business School has been studying the relative attractiveness of different countries for M&A deals. This has focussed on the domestic and inward investment attractiveness (that is, we did not look at countries or their companies as buyers, but as targets, either from companies based externally to that country or from within). The results are based on a detailed analysis of a number of factors in the following areas: regulatory and political, financial and economic, technological factors, socio-economic and factors relating to the development of physical infrastructure and the availability of assets. There have been some surprising results, but also some not-so-surprising results, as we’ve reported in the April issue of the European Journal of Finance. ‘The USA remains in the top spot, mirroring its position in terms of global M&A activity (currently 21% of global volume), with the UK in fourth position. However, we note that three Asian countries occupy top five positions, with South Korea, Singapore and Hong Kong in second, third and fifth place, respectively. Further analysis of the database leads us to conclude that Singapore’s and Hong Kong’s high rankings are driven mainly by their highly developed infrastructure, the availability of sizeable assets to purchase (measured as the number of companies with assets valued at $1 m or higher) and business-friendly regulatory environments. This is in contrast to most of the remaining top ten countries, their competitive advantage mainly being their highly developed technological environments, including high levels of high-tech exports and innovation in terms of patents filed, indicating an extremely skilled business community which should attract investment interest.’ The full article discussing these results can be found here, and includes a chart which shows the five year trends: http://www.tandfonline.com/eprint/fnQAsYpsmMPzc5aT9Y6e/full#/doi/full/10.1080/1351847X.2014.888362

Sampler Chapter of Second Edition, Intelligent M&A

Here’s a sampler chapter of the second edition of Intelligent M&A, Navigating the Mergers and Acquisitions Minefield (Wiley, 2014) which has been released on 9 May. Book Sampler v6 May The book is also on Amazon (http://www.amazon.co.uk/gp/product/1118764234?adid=0EJAAYMKPEM0B5PAKCD2&camp=1406&creative=6394&creativeASIN=1118764234&linkCode=as1&tag=intellmerger-21) where there are some other electronic excerpts. The book is not yet available in full electronic form, but keep an eye on Amazon for when it is.

Second edition of ‘Intelligent M&A’ will be published in May

After a year of working together with Chris Brady on an update of  Intelligent M&A:  Navigating the Mergers and Acquisitions Minefield, our publisher has announced that the Second Edition of our book will be available on Amazon (http://www.amazon.co.uk/gp/product/1118764234?adid=0EJAAYMKPEM0B5PAKCD2&camp=1406&creative=6394&creativeASIN=1118764234&linkCode=as1&tag=intellmerger-21) and in bookstores in the UK in early May 2014 and in the US in late June 2014. We hope that everyone will enjoy the new material that we’ve added to the book, with new case studies and recommendations on how to succeed in the M&A market in the new economic world since our last book was written in 2006.

Article based on the second edition of award-winning title ‘Intelligent M&A: Navigating the Mergers and Acquisitions Minefield’, due to be published in May 2014

Today (23 April 2014), The European Financial Review has published an article based on material from the Second Edition of Intelligent M&A: Navigating the Mergers and Acquisitions Minefield, which will be published in May 2014.  This article discusses the outlook for M&A in 2014 in light of a number of issues raised in our book. The book can already be seen on Amazon (http://www.amazon.co.uk/gp/product/1118764234?adid=0EJAAYMKPEM0B5PAKCD2&camp=1406&creative=6394&creativeASIN=1118764234&linkCode=as1&tag=intellmerger-21) if you want to see more about it.

Extract from the second edition of award-winning title ‘Intelligent M&A: Navigating the Mergers and Acquisitions Minefield’, due to be published in May 2014

Today (21 Feb 2014), The European Financial Review has published an excerpt from the Second Edition of Intelligent M&A: Navigating the Mergers and Acquisitions Minefield, which will be published in May 2014.  This is from the introductory chapter and describes some of the more common deals seen recently in M&A.  The article can be found here. The book can already been seen on Amazon (http://www.amazon.co.uk/gp/product/1118764234?adid=0EJAAYMKPEM0B5PAKCD2&camp=1406&creative=6394&creativeASIN=1118764234&linkCode=as1&tag=intellmerger-21) if you want to see more about it.  

2013 in review

The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog. Here’s an excerpt:
A New York City subway train holds 1,200 people. This blog was viewed about 6,600 times in 2013. If it were a NYC subway train, it would take about 6 trips to carry that many people.

Click here to see the complete report.

2012 in review

The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog. Here’s an excerpt:
600 people reached the top of Mt. Everest in 2012. This blog got about 9,700 views in 2012. If every person who reached the top of Mt. Everest viewed this blog, it would have taken 16 years to get that many views.

Click here to see the complete report.