Mergers & Acquisitions: A Practical Guide for Private Companies and Their UK and Overseas Advisers | by Jonathan Reuvid (ed) | ISBN: 9780749452698. Private Equity and VC Investment. Professional Advisers for Alternative Investment Market (AIM) Flotation. Legal Documentation for Purchase of a Company

January 26, 2010 by kutenk
Filed under: Business Books 

Mergers & Acquisitions: A Practical Guide for Private Companies and Their UK and Overseas Advisers

by Jonathan Reuvid (ed)
ISBN:9780749452698

Written by leading players in the field, the book explores the strategic issues and challenges you may face when merging with or acquiring another business, while placing particular emphasis on the legal, taxation and financial implications.

Get this Book by clicking below:

Get Book Now

Mergers & Acquisitions — A Practical Guide for Private Companies and Their UK and Overseas Advisers







Introduction
Part One – M & A As a Business Strategy
Chapter 1.1 – Growth Curve, Plateau or Peak? An Entrepreneur’s Guide to Growth

What does growth mean?
Lifestyle?




Chapter 1.2 – Alternatives to Flotation—Accessing Capital and Exit Strategies
Why do companies float?
Accessing capital
Exit strategies
Conclusion

Chapter 1.3 – Selling a Private Company
Introduction
Key factors that influence a successful sale
The project brief

Chapter 1.4 – Acquisition Target Strategies
Overview
The need to increase the number of targets
The need to improve appropriateness of targets
The need to be more creative in target identification
The need for forward planning
Conclusion

Chapter 1.5 – The Challenges of Management Buy-outs
Overview
MBO OR EBO?
How much, and how?
Fiduciary duty and other conflicts
Silence is golden
Warranties: to be, or not to be?
Relationships
Fair play
Conclusion

Chapter 1.6 – The Meteoric Rise of the MBO
Backdrop
Why have MBOs become so popular?
The most common types of MBO
Characteristics of a business suitable for a buy-out
Where difficulties can lie
Recent trends in the MBO marketplace
A view of the future

Chapter 1.7 – Grooming a Business for Sale
Introduction
Positioning
Financial matters
Strategic/operational matters
Review of business plan and strategy
Legal review
Other matters
Vendor due diligence
Conclusion

Part Two – Funding Considerations
Chapter 2.1 – Overview

Introduction
Equity and debt funding permutations
Parameters for investor-friendly business planning
Negotiating the finance

Chapter 2.2 – Private Equity and VC Investment Perspectives
Corporate finance for technology and media companies
Operational considerations
Financial considerations
Investor protections
Summary

Chapter 2.3 – Consideration
Types of consideration
Cash
Share capital
Loan capital
Consideration structures

Chapter 2.4 – Crystallizing Value
Strategy for exit
What are the exit routes?
Grooming the company for exit
Marketing the business for sale
Handling offers
Negotiating the deal
Conclusion

Chapter 2.5 – Pensions Issues
Background to pension arrangements
Due diligence issues
Summary

Part Three – The Mechanics of M&A
Chapter 3.1 – Overview

Overview
Structure
Due diligence
Apportionment of risk
Key considerations for management

Chapter 3.2 – Identifying Partners and Targets
Objectives decided
Acquisition process
Moving forward

Chapter 3.3 – Appointing Advisers
Chapter 3.4 – Approaching Partners and Targets

Method of approach
Drawbacks of approaching companies that are for sale already
What buyers usually want
Style of approach
Content of approach
The goals

Chapter 3.5 – Negotiating Techniques for the Seller
Introduction
Early negotiations and competitive bids
Some negotiation points
Concluding the deal
Concluding thoughts

Chapter 3.6 – Taxation and Accountancy Considerations
Introduction
Taxation issues
Accounting issues
Conclusions

Chapter 3.7 – Legal Considerations in Making an Acquisition for Smaller Companies
Introduction
What is an acquisition?
Why make an acquisition?
How to make an acquisition
Key legal considerations
Share sale and purchase agreement
Practical matters
Summary

Chapter 3.8 – Common Features in the Acquisition of Private Companies
The professional team
Approaching the seller
Kicking the tyres
Paperwork
Signing on the dotted line
The MBO vehicle
After sales

Part Four – The Process of M&A
Chapter 4.1 – Introduction

Overview
Structuring the deal
The pressure of time
Keeping the sellers onside
Avoiding misunderstandings
Project management
Expect the unexpected
Too many cooks …
Achieving the plan
Auction sales
Conclusion




Chapter 4.2 – Critical Issues in M&A Transactions for SMEs
Overview
Price and payment terms
Completion balance sheets
Earn-outs
Warranties and indemnities
Who gives warranties?
Limitation of seller’s liability under warranties

Chapter 4.3 – Legal Documentation — Where to Start
The ‘typical’ transaction
Confidentiality letter
Heads of terms
The next step

Chapter 4.4 – Legal Documentation — Purchase of a Company (Share Sale)
Deal structures
The ‘key’ documents
Ancillary documents
The share sale agreement
The tax deed
The disclosure letter
Closing the deal

Chapter 4.5 – Legal Documentation — Purchase of a Business (Business Sale)
The nature of a business sale
The ‘key’ documents
How does a business sale agreement work?
Similarities between a business sale agreement and a share sale agreement
Deciding which assets and liabilities are to be transferred
Transferring tangible assets
Transferring intangible assets
Transferring liabilities
Transferring employees
Pensions considerations
Tax
Closing the deal



Chapter 4.6 – Due Diligence
What due diligence is
What due diligence involves
History and commercial activities
Conclusion

Chapter 4.7 – Acquisitions of Smaller, Owner-managed Businesses
Introduction
Deal structures
The buyer’s concerns
The sellers’ concerns
Conclusion



Chapter 4.8 – Cautionary Tales
Does everyone want to sell?
Not buyer beware, but beware the buyer
Don’t neglect the housekeeping
Due diligence and disclosure
Choose your advisers carefully

Part Five – Shareholders’ and Directors’ Considerations
Chapter 5.1 – The Acquisition Process, From Start to Finish – and Beyond

Introduction
Four key objectives to getting it right

Chapter 5.2 – Financial Public Relations in M&A Environments
The role of financial public relations in M&A transactions
The rules of financial PR

Chapter 5.3 – Post-M&A Change Management — Taking Charge of Change
Overview
Why is the success rate for business change programmes in the UK so low?
Expectations versus outcomes





Chapter 5.4 – Taxation Issues
Introduction
Deal structure
Key shareholder relief
Pre/post sale planning
Funding the acquisition (TCGA 1992, ss 150A–D, Sch 5B, s 151B, Sch 5C; ICTA 1988, Sch 28AA, s 842AA, Sch 15B, Sch 28B; FA 2000, Sch 15; FA 2006, Sch 14)
Form of consideration planning (TCGA 1992, s 48, s 280)
Other matters
Conclusion

Chapter 5.5 – Insurance Issues in M&As
Insurance due diligence
Warranties and indemnities
Solutions
Other transactional insurance products
The importance of being earnest

Chapter 5.6 – Service Agreements and Pension Provisions
Background to service agreements
Types of senior management pensions
Point of transaction as a trigger for change
Agency costs and DB pensions
Annual pay reviews and promotions
Other pension issues with service agreements
Summary

Chapter 5.7 – Preparing for Admission to the Alternative Investment Market (AIM)
The benefits of joining AIM
The admission process
Pre-admission phase
Admission process
Post-float issues and ongoing requirements

Chapter 5.8 – How to Choose Your Professional Advisers for an AIM Flotation
Overview
NOMAD
Broker
Lawyers to the company
Accountants
Financial PR
Ofex (PLUS Market) instead of AIM
Are you paying by the hour?
Summary

Contributors’ Contact List



For 1000+ more Business Books & Business Alliance Books, click below:

Business & Management Books
Computer Books
Science & Engineering Books

  • Share/Bookmark

Related posts:

  1. Mergers & Acquisitions: An Insider’s Guide to the Purchase and Sale of Middle Market Business Interests | by Dennis J. Roberts | 2009 | ISBN: 9780470262108. Psychology of M&A Negotiations. Basic M&A Marketplace Valuation. M&A Taxation Issues. Postmerger and Acquisition Failures
  2. Middle Market Strategies: How Private Companies Use the Markets to Create Value | by Richard M. Trottier | 2009 | ISBN: 9780470464571. Marketing Books. Capital Market Segmentation. Winning the Middle Market
  3. Equity Valuation, Risk and Investment: A Practitioner’s Roadmap | by Peter C. Stimes | ISBN: 9780470226407. Equity Investment Books. Constructing Efficient Equity Portfolios. Valuing a Leveraged Equity Security. COMMON STOCK BUYBACKS AND ISSUANCES.
  4. A Beginner’s Guide to Charting Financial Markets: A Practical Introduction to Technical Analysis for Investors | by Michael Kahn | ISBN: 9781905641215. Investment Books. Investor Guide to Financial Analysis. How to Read A Financial Chart. Styles of Market Analysis
  5. Business Insights: Europe: A Practical Guide to Company Formation, Employment Law and Taxation Across The EU | by Adam Jolly (ed) | 2009 | ISBN: 9780749450816. The Challenge Of Marketing In The European Union. How to Develop A Strong European Distribution Strategy
  6. Merge Ahead: Mastering the Five Enduring Trends of Artful M&A | by Gerald Adolph, Justin Pettit and Michael Sisk | 2009 | ISBN: 9780071508322. Private Equity and Sovereign Wealth. Crafting the Successful Merger & Acquisitons Deal. A Global Role for Financial Buyers
  7. Corporate Financial Strategy, Second Edition | by Ruth Bender and Keith Ward | ISBN: 9780750648998. Start Up Businesses and Venture Capital Investors Guide. Financing Working Capital. Restructuring a Company. Shareholder Value Management.
  8. Commercial Awareness and Business Decision Making Skills | by Paul Rodgers | ISBN: 9780750683845. Corporate Survival Guide. The Managers’ Analytical Toolkit. Key Investment decision. Valuing Intangible Assets. Company Financing Sources.
  9. Investing in Growth Companies. Mutual Funds Manager Guide to Profitable Investment. Invest in Companies that turn an innovative idea into a consistent profit generating business.
  10. Emerging Markets: Lessons for Business Success and the Outlook for Different Markets | by Nenad Pacek and Daniel Thorniley | ISBN: 9781861978431. Economist Book. How to Interpret Economic Indicators. Why Companies Fail? Market Entry Preparation. Market Research and Business Intelligence
  11. The Complete Guide to Mergers and Acquisitions: Process Tools to Support M&A Integration at Every Level, Second Edition | by Timothy J. Galpin and Mark Herndon | ISBN: 9780787994600. Keys to M&A Success. The Merger Integration Work-Streams Model. Merger Measurement Systems. Human Capital Integration
  12. Managing Hedge Fund Managers: Quantitative & Qualitative Performance Measures | by E. J. Stavetski | 2009 | ISBN: 9780470197592. Investment Books. Hedge Fund Investing. Risk in Hedge Funds. Hedge Fund Manager Due Diligence Questionnaire. Guidelines for Selection of Equity Investments
  13. ExamWise Volume 2 CFA 2009 Level I Certification: The Candidates 500 Question Concept Check Q & A Workbook for Chartered Financial Analyst | by Jane Vessey and M. Afdal Pamilih | 2009 | ISBN: 9781590959350. Industry and Company Analysis. Market Structure and Macroeconomic Analysis
  14. Expert Legal Advice on Home Mortgage Loan Mitigation from The American Residential Law Group (ARLG)
  15. The Manager’s Guide to HR: Hiring, Firing, Performance Evaluations, Documentation, Benefits, and Everything Else You Need to Know | by Max Muller | 2009 | ISBN: 9780814410769. Human Resource Books. Structured Performance Reviews. Key Federal Employment Laws
  16. Sources of Value: A Practical Guide to the Art and Science of Valuation | by Simon Woolley | 2009 | ISBN: 9780521519076. Business Valuation Books. Financial Valuation Guide Book.
  17. Professional Probate Researchers for Legal Professionals, Trustees and Will Executors
  18. Implementing Mentoring Schemes: A Practical Guide to Successful Programs | by Nadine Klasen and David Clutterbuck | ISBN: 9780750654302. Employee Training and Development. Professional Development Program. Mentor and Mentee Characteristics and Responsibilities. Mentoring Methods, Techniques and Processes
  19. The Entrepreneur’s Legal Guide: Strategies for Starting, Managing and Making Your Small Business Profitable | by D-M Boulay and Katherine J. Pohlman | ISBN: 9781572482357. Intellectual Property Attorney. Business Start-Up Checklist. Key Entrepreneurial Mindset. Essential Management Skills.
  20. Essential Law for Marketers | by Ardi Kolah | ISBN: 9780750655002. Litigation Lawyers Guide. Liability for Defective Products. LEGAL PROTECTION FOR Intellectual Property Rights. DISTINCTION BETWEEN CONTRACT AND TORT.
  21. Hedge Fund Operational Due Diligence: Understanding the Risks | by Jason A. Scharfman | 2009 | ISBN: 9780470372340. Smart Investing Books. INVESTORS Guide to Managing Investment Risks. Techniques for Modeling Operational Risk
  22. ExamWise Volume 1 CFA 2009 Level I Certification: Concept Check Q & A Workbook with Preliminary Reading Assignments for Chartered Financial Analyst | by Jane Vessey | 2009 | ISBN: 9781590959374. Corporate Finance. Equity Investments Guide. Financial Reporting and Analysis.
  23. Rattiner’s Review for the CFP Certification Examination: Fast Track, Study Guide, Third Edition | by Jeffrey H. Rattiner | 2009 | ISBN: 9780470436288. Financial Planning Practice Standards. Strategic Investment Planning.
  24. The Employer’s Handbook: An Essential Guide to Employment Law, Personnel Policies and Procedures, Revised Fifth Edition | by Barry Cushway | ISBN: 9780749451165. Law Books. Legal Books.
  25. Owning Up—The 14 Questions Every Board Member Needs to Ask | by Ram Charan | 2009 | ISBN: 9780470397671. Board Governance Committee Guide. How to Work With Activist Shareholders And Shareholder Proxies. Company Board Self Evaluation Guidelines
  26. Breakdown, Breakthrough: The Professional Woman’s Guide to Claiming a Life of Passion, Power, and Purpose | by Kathy Caprino | ISBN: 9781576755594. Life Success Books. Self Empowerment Guide.
  27. Go-To-Market Strategy: Advanced Techniques and Tools for Selling More Products, To More Customers, More Profitably | by Lawrence G. Friedman | ISBN: 9780750674607. PRINCIPLE OF GO-TO-MARKET SUCCESS. THE FOUR PITFALLS OF MARKET TARGETING. The Integrated Multi-Channel Model
  28. Unit Trusts Investment Companies – AXP, Columbia, Davis, Dodge & Cox, Dreyfus
  29. Contemporary Issues In Healthcare Law And Ethics, Third Edition | by Dean M. Harris | ISBN: 9781567932799. The Process of a Civil Lawsuit. How To Conduct Legal Research. Regulation Of Public Health And Healthcare Services. Fraud and Abuse of the Medicare and Medicaid Programs.
  30. Keep ‘Em Motivated—A Practical Guide to Motivating Employees | by Larry R. Williams | ISBN: 9789812325228. Great Motivational Guide Book.
  31. The Business-Oriented CIO: A Guide to Market-Driven Management | by George Tillmann | ISBN: 9780470278123. IT Strategy and Planning. IT Governance. IT Portfolio Management. Customer Management. Market Intelligence. Service-Offering Management. IT Performance Management
  32. Ready, Fire, Aim: Zero to $100 Million in No Time Flat | by Michael Masterson | ISBN: 9780470182024. Money Guide Book. Investment Books. Entrepreneur Problems, Challenges, and Opportunities.
  33. Offensive Marketing: An Action Guide to Gaining Competitive Advantage | by Hugh Davidson, Warren J. Keegan and Elyse Arnow Brill | ISBN: 9780750674591. FIVE ELEMENTS IN THE OFFENSIVE MARKETING APPROACH. PRACTICAL TOOLS FOR ACHIEVING INTEGRATED MARKETING. MARKETING SEGMENTATION FIVE-STEP PROCESS
  34. Practical Insight into CMMI, Second Edition | by Tim Kasse | ISBN: 9781596932753. Quality Management Books. Professional Education and Training. Download Adobe E-Book.
  35. Japanese Exports and Foreign Direct Investment: Imperfect Competition in International Markets | by Hideki Yamawaki | ISBN: 9780521871921. Global Investment Books. Japan’s Corporate and Economic Organization. Responses of Foreign Firms to Japanese Competition
  36. Understanding Healthcare Financial Management, Fifth Edition | by Louis C. Gapenski and George H. Pink | ISBN: 9781567932645. Portfolio Risk of Business Investments. Debt Financing. Equity Financing. Lease Financing. Capital Budgeting Techniques. Financial Condition Analysis and Forecasting
  37. Profit from the Peak: The End of Oil and the Greatest Investment Event of the Century | by Brian Hicks and Chris Nelder | ISBN: 9780470127360. Investing in Renewables Energy. Energy Return on Investment. Solar Technologies Investment Opportunities. Carbon Taxes and Cap-and-Trade Systems
  38. Risk Management in Finance: Six Sigma and Other Next Generation Techniques | by Anthony Tarantino and Deborah Cernauskas | 2009 | ISBN: 9780470413463. Total Quality Management Using Lean Six Sigma. Operational Risk Management Framework. OFF-BALANCE-SHEET RISKS. FINANCIAL LIABILITIES AND EQUITY RISKS.
  39. PHR/SPHR: Professional in Human Resources Certification Study Guide, Third Edition | by Anne M. Bogardus | 2009 | ISBN: 9780470430965. HR EBooks from Cheap Discount Bookshop.
  40. Beating the Financial Futures Market: Combining Small Biases into Powerful Money Making Strategies | by Art Collins | ISBN: 9780470038659. Money Management Strategies and Techniques. Intraday Day Trading Success Tips. Mechanical Stock Trading Guide.

Comments

One Comment on Mergers & Acquisitions: A Practical Guide for Private Companies and Their UK and Overseas Advisers | by Jonathan Reuvid (ed) | ISBN: 9780749452698. Private Equity and VC Investment. Professional Advisers for Alternative Investment Market (AIM) Flotation. Legal Documentation for Purchase of a Company

  1. Anonymous on Sat, 13th Feb 2010 12:36 pm
  2. [...] in Kingston, ON (02/12/10)Patrick Ewing Still Working to Be NBA Head Coach http://www.webege.com …Mergers & Acquisitions: A Practical Guide for Private Companies …Currently recruiting Agile consultants | Analytical-MindRethinking Retention in Good Times and Bad | [...]

Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.