White Papers Do most mergers really fail? This paper challenges the conventional wisdom that most M&A transactions do not add value. Do Most Mergers Really Fail? (pdf) Putting the "Art" Back Into Post Merger Integration. Rethinking merger integration best practices and resolving key merger issues. Putting the "Art" Back Into Post Merger Integration. (pdf) Articles The Synergy Enigma, by Bill Pursche, Kristin Ficery, and Tom Herd. A new, focused look at how to capture synergies, with real world examples, best practices, and pitfalls to avoid. A version of this article was also published in the Journal of Business Strategy, Vol. 28, Issue 5, 2007 under the title Where has all the synergy gone? The M&A Puzzle. The Synergy Enigma (pdf) Building Better Bids: Synergies and Acquisition Prices, by Bill Pursche. Chief Financial Officer USA (1988). This article gives practical guidance on how to determine the right bid to make, and how bids should relate to different classes of acquisition synergies. Building Better Bids. (pdf) Is Post Merger Integration Dead? By Kristin Ficery and William Pursche. Presented at the Forbes Conference: Accelerating Deal Value: New Strategies for Merger Integration, April, 2005. Identifies and highlights the new skills needed to capture value now that more companies have experience in traditional PMI approaches. Is PMI Dead? (pdf) The Intelligent Clean Room: Ensuring Value Capture in Mergers and Acquisitions, by Ravi Chanmugam, Walt Shill, David Mann, Kristin Ficery, and Bill Pursche. Journal of Business Strategy, Vol 26, No. 3, 2005. The Intelligent Clean Room (pdf) Mastering the Art of Value-Capture in Mergers and Acquisitions, by Ravi Chanmugam, Walter E. Shill and David Mann, Outlook Journal, February 2005. Bill Pursche contributed to this article, which details a holistic process for value capture in mergers. See article on Accenture.com Pharmaceuticals - the Consolidation Isn't Over. by William R. Pursche; The McKinsey Quarterly, No. 2, 1996. One of the first articles to predict the consolidation in pharmaceuticals is still applicable today. Also includes a groundbreaking analysis on merger benefits and synergies from horizontal integration. Pharmaceuticals - The Consolidation Isn't Over (pdf) Creating Value from Horizontal Integration, by Bill Pursche. In Vivo, October, 1995. Post-merger Management - The Project Stage: Focusing the Best Approach, by Bill Pursche. The McKinsey Quarterly, Volume 4, 1990. The holistic nature of the M&A process, and especially how synergy calculation and identification need to be rolled into integration project planning and execution. |
Select white papers and articles on mergers and acquisitions, post merger management, merger integration, valuation, and synergies. |
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