This week’s blog comes from Charles Honnywill, Transactions Partner and Divestiture Leader at EY Disposals remain high on the UK corporate agenda and an active M&A market suggests that there’s no shortage of buyers. So far so good. But as recent high-profile examples highlight, many transactions don’t go to plan due to unforeseen regulatory issues. … More Can they buy what you’re selling?
This week’s blog comes from Fredrik Bürger, who leads EY’s Private Equity Value Creation service offering across EMEA. Will this be the year Private Equity goes back to its roots? Buying and turning around unloved corporate divisions is an important part of PE’s heritage – and, I think, a bigger part of its future. In … More How can PE carve-out value?
This week’s blog comes from Charles Honnywill, Transactions Partner and Divestiture Leader at EY
It sounds counter-intuitive doesn’t it: selling assets to help your company grow? But, our data shows more UK companies are doing just that. … More How can divesting assets fuel growth?
Markets dived again this week and cheap oil is looking like more of a hindrance than a help. Its more obvious negative effects aren’t helping banks; but again the outlook warrants a reality check in bank stocks , not the current mass exit. There are plenty buffers left before banks hit a systemic crisis – unless panic crashes through them. … More We need to talk about oil
Takeways: Robust M&A markets make this a great time to take a good hard look at corporate portfolios, work out what a business stands for and what it needs to divest. Do all of our assets represent what we’re about? Could these businesses have a better owner? Could we recycle capital and buy something that’s … More Let it go! Disposals, Greece and old models
Takeaways: The Eurozone, UK and ‘emerging markets’ have something in common: the sharp juxtaposition of optimism and concern. In varying degrees; but the contrast between opportunity and threat highlights the complicated patchwork of growth and risk companies are navigating. Was it ever thus? Risk isn’t new, but perhaps there is more flying in from ‘leftfield’ … More Eyes down for a fresh look…
Divestments are vital to many businesses’ strategy. Leading companies focus on selling assets as rigorously as acquisitions. EY’s recent annual Global Divestment Study highlighted how the best performing companies regularly perform portfolio reviews.
I guess we’re done with the bonhomie and musketeer spirit of the credit crunch era. Janet Yellen says the Federal Reserve will only change its course on tapering if emerging markets pose a threat to the US economic outlook. Harsh, but you can see where they’re coming from. The Fed doesn’t believe emerging markets represent … More Fed ‘unfriends’ emerging markets
The eerie post-taper calm is over. Disappointing Chinese data appears to be the proverbial straw that broke the back of emerging market confidence. Arguably, disappointing economic news from Beijing disrupts emerging market capital flows as much as any monetary missive from Washington. Unsurprisingly so, since so many emerging economies fortunes are closely tied to China. … More Emerging markets should resist systemic crisis