The Ernst & Young Mergers & Acquisitions Toolkit seeks to uncover the various issues that need to be considered when planning growth by acquisition and various steps that need to be taken.
When planning growth through acquisition, it is important to have criteria for evaluating the acquisition targets. This guide seeks to uncover the issues that need to be considered when planning growth by acquisition, including strategy, identifying targets, valuation and due diligence.
Many acquisitions and mergers fail to add shareholder value, because of a poor understanding of the risks and value of the target company. This guide to due diligence contains an extensive checklist of areas to be considered. The extent to which they can be used can vary, depending on the size and complexity of the transaction.
Investment decisions require a disciplined procedure to ensure the success of the project. This standard procedure documents a gated decision-making process that breaks down the investment decision into three distinct phases. Each phase concludes with a gate a decision point for whether the project will progress to the next phase. This forces management to ensure that appropriate levels of front-end workload have been completed before approval.
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