Es un mundo para ricos ¿Se habrá preguntado porque los ricos son cada vez mas ricos y las diferencias económicas entre los más acaudalados y el resto de los mortales van aumentando? La respuesta es simple: es porque el dinero llama al dinero. No voy a extenderme mucho sobre las injusticias del mundo sino exponer...
Category: Thought Leadership
GDPR law will be a double whammy to M&A practitioners
Unless you do not use emails, you should by now have been spammed by a large number of messages asking you to “opt-in” to keep on receiving marketing material from the issuer. This jocose incongruity highlights only one of the many loopholes of the GDPR law, whose original intention was to reduce the number of...
PMI Strategy: Preservation, Symbiosis, Holding, Absorption
PMI Strategy, the acronym for Post Merger Integration Strategy, is one of the most difficult conundrum for buyers of companies. Indeed, there is enough evidence in the literature showing that acquiring companies actually destroys value. Then, why not challenge buyers on their real reasons for engaging in an acquisition process? Note that I am not...
Leveraged recapitalization
One of our VC-A Members raised recently €270 million to provide debt solutions to the mid-market in Europe. Although his alternative source of funding claims to be more flexible that most lenders and is offering leveraged recapitalization, I suspect that he is looking for interests rates in the 7-8% range, which is currently much higher...
Strategy Definition versus Strategic Planning
One of the most overused word in consulting is probably the word “strategy”. During my time at Capgemini, together with former AT Kearney consultants, we used to make fun of the “Techies” when they qualified decisions to buy computers as “Strategic Decisions”. Later, working together with former McKinsey and LEK consultants, they made fun of...