To understand what it takes for a private equity firm to successfully build and manage a portfolio of companies in today’s fast-paced, evolving market and regulatory landscape, we interviewed Charlotte Hultman, group commercial director for Vistra's Corporate and Private Clients division for Europe and the Americas.
EU authorities agreed on a framework for screening foreign direct investment. The agreement isn't binding but investors need to understand its basic elements and how it fits into a global trend of tightening FDI restrictions.
Global M&A volume surpassed $1 trillion already this year. That’s the fastest start ever according to Dealogic, and nearly double the 23-year average. The story behind the reasons for the surge is complex and evolving, as is the global M&A landscape itself.
Mergers and acquisitions are on the rise and that trend will continue. It’s easier than ever for a small or mid-sized business to realize the benefits of overseas production facilities and foreign markets for their products. Not surprisingly, such ventures can be extremely rewarding, however they also carry new risks, encompassing HR, finance and tax issues that must be understood and managed.
Mergers and acquisitions are not all about numbers — they’re just as much about people. Integration of employees and proper blending of company cultures are critical to success, and outstanding communication is the key.
M&A deals can be challenging when you acquire employees in another country. Workers outside the US often have significant legal protections, and companies considering a deal must understand their employer obligations to create accurate budget forecasts and avoid litigation.
This month’s transfer of Brazilian soccer player Neymar from the Spanish super club Barcelona to the French super club Paris St-Germain included a transfer fee of over $250 million, putting it on a par with some of the year’s biggest cross-border M&A deals. The transaction speaks to the changing nature of global super clubs and to the global economy itself.
For years, China’s government encouraged privately-owned companies to engage in cross-border acquisitions, and enabled them with cheap debt. This led to the rise of “gray rhinos,” free-spending companies that have dramatically changed the global M&A landscape. Beijing is now looking to rein them in.
McDonald’s announced a partnership with a Chinese state-funded conglomerate and a US private equity firm. The $2 billion deal reflects economic and cultural realities in China and is evidence of McDonald’s willingness to depart from its traditional domestic strategies when doing business across borders.
This week's Global Glance takes a detailed look at Uber's retreat from China.