New Insights in Pre-Announcement Due Diligence

The research revealed that there is a strong correlation between due diligence and deal success and that most M&A leaks are likely to be intentional.


22 April 2014

New Insights in Pre-Announcement Due Diligence - Intralinks

Recently I had the chance to present key findings from a study conducted in association with the M&A Research Centre (MARC) at Cass Business School, City University London on the effects of due diligence on M&A deal success at a couple of Mergermarket M&A and Private Equity Forums across the European region.

The research revealed that there is a strong correlation between due diligence and deal success and that most M&A leaks are likely to be intentional.  Other key findings from the study include:

  • Longer due diligence is to the advantage of the buyer (and to the disadvantage of the seller)
  • Due diligence is done more quickly on public companies
  • Due diligence is done more quickly on larger targets

In addition to discussing the research, I also addressed key industry topics like market prospects over the next twelve months and changes to financing strategies for mid-market deals.  In case you weren’t able to attend the event, you can view the full recording of my presentation at the Mergermarket Nordic M&A and Private Equity Forum below. 

If this research interests you, I encourage you to watch “New Insights in Pre-Announcement Due Diligencewebcast now on-demand, co-hosted by Professor Scott Moeller of Cass Business School, City University London, and Intralinks’ Brian Hwang to hear never previously disclosed due diligence research that has profound implications for bidders, sellers and advisers.  

Hope you enjoy the presentation and the webcast.  

For intuitive discussions and key findings from the research, you can download the Cass Research Report: When No One Knows paper.