The rapid growth in M&A activity across the technology, media and telecommunication (TMT) industry brings with it material post-merger activities that are time consuming, often cumbersome and involve multiple stakeholders. Nevertheless, although the integration phase of a deal seldom grabs headlines, it is a primary factor in determining the success, or otherwise, of the deal’s outcome. Sacha Deal, Global Sector Head and Vivek Anand, Regional Sales Sector Head, Asia Pacific – Technology, Media and Telecommunication, Global Liquidity and Cash Management at HSBC explain how the early involvement of a corporation’s treasury and cash management bank can have a highly positive effect on the integration phase and therefore also on the speed at which value is unlocked by the M&A deal as a whole.
M&A deal teams are traditionally kept small for a variety of reasons and the treasury function may not be involved until a deal is well advanced. The challenge with this approach is that it is likely that those who are involved in M&A discussions may have limited understanding of the treasury and cash management implications of the transaction.
Sign up for free to read the full article
Register Login with LinkedInAlready have an account?
Login
Download our Free Treasury App for mobile and tablet to read articles – no log in required.
Download Version Download Version