Mergers and Acquisitions


Mergers and Acquisitions

Bringing organizations together through mergers and acquisitions, or carving them out through separations and divestitures, are among the most complex business activities an organization will ever undertake.

Deloitte is the only professional services firm that can advise strategic corporate buyers and private equity investors throughout the entire M&A deal life cycle. From conceiving strategy to selecting the right partner. From conducting thorough due diligence to closing the deal. From beginning to end, we align our services to address your transactional and integration needs, all with the goal of building value for our clients.

M&A Strategy

Before even considering an M&A deal, your organization should step back and think strategically: evaluating external markets, competitors, and business units to determine whether M&A plays a role in your business’s growth or in securing strategic capabilities.

Deloitte’s M&A Strategy practice can help you identify corporate and business unit objectives and determine whether those can be achieved through M&A. We analyze market opportunities, weigh different industry evolution scenarios, and identify potential acquisitions. As part of a larger business portfolio review, M&A strategy may also encompass divestiture strategies, whether an outright sale, initial public offering (IPO), or spin-off.

Our services encompass:

  • M&A Advisory
  • Portfolio Strategy
  • Strategic Review
  • Readiness Reviews (M&A or Separation)
  • Core Competency & Industry Analysis
  • Competitor & Market Reaction Analysis
  • Joint Ventures/Alliance Assessment
  • Target Identification
  • Tax Optimization

Carve Out & Separation

While divestiture activities can play an important role in unlocking value, these transactions often strain an organization’s resources beyond their limits.

Deloitte’s Carve Out & Separation practice focuses on meeting Day 1 requirements, positioning for stability after the separation occurs, and securing the strategic viability of the stand-alone company. In most divestitures, we continue to serve an organization following the closing date to ensure a full transition of operations and technology assets to the buyer or the stand-alone company. During this period, sellers may provide agreed-upon services under Transition Services Agreements (TSAs), which Deloitte may help structure , and they remove inefficiencies (e.g., stranded costs) from their operations.

Our services encompass:

  • Sale & Purchase Agreement Advisory (SPA)
  • TSA Management
  • TSA Tracking Support
  • TSA Testing
  • Operationalization of TSAs
  • TSA Exit Readiness
  • Carve Out Separation Support
  • Stranded Cost Analysis & Elimination Support
  • Completion Statement Advisory
  • Day 1 Plan and Readiness

Integration Strategy & Execution

Preparations made prior to closing an M&A deal are just the beginning. Execution — fulfilling strategic expectations for the deal — is where shareholder value is ultimately generated.

Deloitte’s Integration Strategy & Execution practice help organizations define the pace and degree of integration that will take place once an acquisition or merger occurs. This includes deal success and measurement criteria, building a communication strategy into the integration plan, integrating and retaining key personnel, building tactical plans for the first 100 days, and transitioning into the post-merger environment. Post-Day 1 is the start of the new organization and begins the work of implementing the combined organization structure and work processes.

Our services encompass:

  • Sale & Purchase Agreement Advisory (SPA)
  • Financing Agreement Advisory
  • Transaction Execution Support
  • Stakeholder Communications
  • Purchase Price Allocation
  • Day 1 Planning
  • Integration Planning
  • Synergy & Program Reporting
  • Organization Design & Implementation
  • Customer/Product and Growth Strategy
  • Supply Chain/Manufacturing & R&D Optimization
  • Infrastructure Rationalization
  • Culture and Change Management Program
  • 100 Day Plan
Deloitte M&A Institute Thought Leadership

Powered by Deloitte’s M&A Services capabilities, our M&A Institute thought leadership provides insights you can put to work today to address critical M&A decisions. Access insightful research and perspectives on mergers, acquisitions, and divestitures, across all phases of the transaction lifecycle. Stay tuned as we launch new thought leadership on hot topics in the marketplace.

Deloitte M&A Institute Thought Leadership
Technology spin-off 2015

The technology sector is continually being reshaped through merger and acquisition (M&A) activity. This article will present a brief history of technology sector divestiture activity; assess the spin-off value proposition; analyze the typical drivers of technology spins; present examples of notable spin-offs; and explore how digital disruption is creating opportunities for companies to use both spin-offs and sales to create shareholder value.

Technology spin-off
Perspectives on driving divestiture and carve-out value

Whether you are contemplating your first divestiture, consider yourself a seasoned veteran of carve-outs, or are a functional leader working through complex separation challenges, this article collection was designed with you in mind. It is full of leading divestiture practices and insights. Access this compendium to learn insights on driving value through the divestiture and separation process.

Perspectives on driving divestiture