Perspectives
Analysis and perspectives from our partners on the trends, disruptions, and opportunities facing global enterprises.
Average carve-out returns have fallen below the buyout average. Sellers who evidence standalone cost and separation readiness will win the price.
Buyers are active but selective. Founders who prepare the numbers private equity will rebuild, two years ahead, protect both price and certainty.
Capital is flowing into robotics and physical AI at record pace. Value is accruing to the platforms that make robots easy to deploy, not to the machines alone.
US bank deal activity is at a 15-year high. The evidence says scale pays only when technology integration is planned before signing, not after announcement.
Deal value nearly tripled in 2025 as Greece's recovery matured. Where corporate development teams should look in the mid-market, and what wins access.
An acquirer inherits the target's intrusions, regulatory exposure and suppliers. Test for compromise, price what you find and ring-fence until validated.
Indian private equity is moving towards selective control deals below US$100 million. Promoters who institutionalise governance early widen the buyer universe.
Financial pressure is pushing European universities towards merger. The boards that succeed justify the deal on shared services and portfolio, and plan integration before they announce.
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