【并购重组】企业并购整合咨询的术语-英文版(ppt 60页)

A.T. Kearney 4/1375C/Merger Integration 5
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_Macros
A.T. Kearney’s Perspective on Merger Integration
A.T. Kearney 4/1375C/Merger Integration 6
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Overperformance compared to industry average
Value growth 150%
Top performing mergers create significant shareholder value
Source: A.T. Kearney Analysis 2001, SDC database, Global Worldscope
Profit Seekers Value Growth
Source: A.T. Kearney Monograph on Value-Building Growth 2001
A.T. Kearney 4/1375C/Merger Integration 7
Mergers and acquisitions are key growth drivers
40% of Growth Is From Acquisitions
Value Growers Manage Both
Well
40%
External
Sources of Growth
60%
100%
Internal
Total Growth
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What really matters in “acquisition for growth” strategies is execution
A.T. Kearney 4/1375C/Merger Integration 4
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Our Understanding your
Situation
This section is tailored to the client situation and summarizes the key drivers of the merger. It should highlight relevant quantitative and qualitative analysis that demonstrate our insight into the client’s particular challenges and drivers of success for the integration
Growth Matrix (CAGR 1988-2000)
Simple Growers 13.8%
Value Growers
18.0%
21.5%
Revenue
Baidu Nhomakorabea
-2.7% Value
Revenue
Value
3.6% Revenue
-3.6% Value
4.1% Revenue
12.8% Value
Under performers
Source: A.T. Kearney Monograph on Value-Building Growth 2001
A.T. Kearney 4/1375C/Merger Integration 8
Few mergers actually create shareholder value
Acquirer's Value Growth Following a Merger
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A.T. Kearney 4/1375C/Merger Integration 1
Merger Integration
Intellectual Capital Collection Generic Proposal
March 2002
Table of contents
Executive Summary Our Understanding of Your Situation A.T. Kearney’s Perspective on Merger Integration Proposed Overall Approach Realizing Integration Synergies Integration Management A.T. Kearney Qualifications
A.T. Kearney 4/1375C/Merger Integration 9
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Business Integration issues require “usual” management decisions while four main
factors add another level of considerable complexity…
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A.T. Kearney 4/1375C/Merger Integration 3
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Executive Summary
This section is tailored to the client situation and summarizes the approach proposed in the document
_Macros
The best value-builders combine organic growth with mergers and acquisitions
Value Growers Follow Conscious, Constant Process To Growth
Revenue Growth
Average: 2.8%
49.5%
50.5%
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16%
Top-Performing Mergers
3%
8%
12% 27% 21%
10%
3%
-100%
-60%
-30% -15% 0% 15% 30%
60%
Underperformance compared to industry average
Time pressure
• All stakeholders expect rapid execution (shareholders, employees, management, regulation committees, government,…)