| |
Strategic Advice
Temple Associates has developed
long-term, senior-level relationships with clients as their
independent advisor on strategic transactions such as mergers and
acquisitions.
During the course of our work as recruitment consultant to a wide
range of clients we have built up an extensive network of
senior-level contacts. As a consequence we can provide
decision-makers with a different perspective when they are
confronted with strategic decisions as they try to grow or
restructure their business.
Numbers alone can be deceiving and many acquisitions look attractive
on paper but ultimately fail because the human element has been
neglected during evaluation or later when the acquired business has
to be integrated into existing operations.
Clients should also be aware that no deal is a 'must-do' deal. It is
easy to get carried away when you pursue an attractive-looking deal.
Many executives have gotten their companies in trouble by
overreaching and forgetting about exercising discipline.
Contact us for a preliminary
discussion!
E-mail
|
'Imperial CEO' - costly
lessons of BayernLB / Hypo Alpe Adria debacle
Recent revelations about the role of the former CEO of BayernLB in
the disastrous acquisition of a majority stake in Austria's Hypo Alpe Adria
bank are an illustration how dominant CEO's can push through mergers against
the advice of their internal planning teams.
Time and again CEO's (not only in the financial service sector) fall in love
with an acquisition idea - often aggressively promoted by parties the are
masquerading as 'advisers' but in reality behave no better than
commission-based door-to-door salesmen.
Commerzbank:
Shareholders unhappy with Dresdner Deal
Yesterday's Annual Meeting of Allianz shareholders was used as forum
for frustrated Commerzbank owners that were claiming that Allianz
seduced the bank's management to make a value-destroying purchase
with the sale of Dresdner Bank in autumn 2008.
We have sympathy with the Allianz management as it finally managed
to get out of a deal that caused them headaches for the better part
of a decade.
We have less sympathy with the management of Commerzbank as it
should have been clear at the time that a lot more due diligence
should have been performed before committing to such a large deal in
a period of panic in the financial markets.
This merger demonstrates the need for dispassionate advice that is
not driven by the urge to close a deal at all costs in order to be
able to book a fee.
6-May-10
►
More
comments and news on business strategy |
