Nearly all of mid-market management buy-outs fail to fully deliver on their
pre-deal expectations, according to research conducted by Grant Thornton’s
operations and post-deal services team.
The firm found this to be the case in 96% of mid-market MBOs with the
appointment of underperforming management cited as the most common factor
contributing to a deal not delivering its long-term potential.
‘It is not hard to see why management due diligence is growing in
popularity,” said Grant Thornton partner David Axon.
He said the problem is that it is impossible to provide guarantees that
management can deliver the business plan.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.