Today we enjoyed our fourth collaborative Master Class with Andrew J. Sherman, author and Partner at Jones Day. He led us through his best practices to ensure success in post-close integration with a Buy-Side perspective of M&A.
Andrew spoke to the challenges in post-close integration. Citing at KPMG survey, Sherman agreed that cultural and people issues present the biggest challenge during the post deal period. He also referenced specific data points related to post-deal integration, citing a Deloitte survey Sherman highlighted that although the desired outcome of integration may be to rapidly capture cost & revenue, synergies were not achieved in 70% of cases.
The news wasn’t all bad though, Andrew provided tips, tricks and checklists for retaining key employees, overcoming cultural issues, establishing a transition team and more.