One thing that industry “experts” often miss when evaluating historical M&A or trying to predict M&A, is that the best acquirers often aren’t looking at the financials of the target first- they look at the capabilities of the target.
fortune.com/2016/07/19/uni…
fool.com/investing/2017…
christenseninstitute.org/jobs-to-be-don…
The smart strategic acquirer cares about capabilities.
Let's be really clear- I don’t like building a business just by thinking about being acquired- those companies tend to be soulless. Soullessness leads to disaster.
Why should the brand/product/distribution strategy/company exist in the world and what problem are they solving?
Perhaps it is my Mr. Obvious point of the day, but I am amazed at how few consider it.