New developments in the M&A business

The purchase of a company, the merger of seve­ral compa­nies, a succes­sion plan or an IPO require in-depth know­ledge of the company to be acqui­red, which cannot be based solely on the assess­ment of past finan­cial state­ments. Stra­te­gic tran­sac­tions require incre­asingly in-depth indus­try know­ledge. Invest­ment banks and tradi­tio­nal tran­sac­tion advi­sors are often no longer really able to do this. Chan­ges are underway.