
PRINT THIS PAGE Key lessons learned in executing successful merger integration
17/06/2008. Source: FTI Consulting. Michael F Murphy, David Smalstig, Victoria L Creason 
With capital markets still constricted, an increasing number of private equity sponsors are pursuing smaller tuck-in or add-on transactions. This, coupled with an expected increase in §363 'auction sales' during the new default cycle, should keep acquisition activity at fairly healthy levels even as transaction volumes inevitably fall, say Michael F Murphy, David Smalstig and Victoria L Creason of FTI Consulting. Most executives and investors would agree that M&A transactions are difficult to negotiate and close but that successful merger integration is even more challenging. As such, executives are routinely faced with a myriad of decisions on the extent of merger integration activity that is necessary and achievable to yield the targeted benefits of a transaction. There are many “flavors”, if you will, of M&A transactions, each having its own unique considerations and complexities in terms of merger integration.
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