M&A: A Variation on a Theme

M&A: A Variation on a Theme

By Bill Vinck, Excendio Advisors M&A: A Variation on a Theme or (Sometimes one needs to change the musical score) Background: One typically acquires a firm for several reasons. The short list of reasons would include the acquired firm’s EBITDA and the related...
Master Class: M&A as a Symphony Orchestra

Master Class: M&A as a Symphony Orchestra

Master Class: M&A as a Symphony Orchestra By Bill Vinck, Excendio Advisors Follow the Conductor Closely! Background: In the last 40 years, Brad Jacobs has done almost 500 deals while building several billion-dollar businesses. He built United Rentals, an...
Signal or Noise?

Signal or Noise?

An M&A Play in Three Acts By Bill Vinck, Excendio Advisors Prologue Intel was a world leader in Memory Chip design, manufacture, and sales. It set the industry standard. They had little competition. They also began the design and manufacture of microprocessors....
What’s your “desk”?

What’s your “desk”?

What’s your “desk”? by Cristian Anastasiu, Excendio Advisors It was a Friday late afternoon in December, a cold and snowy day in the Midwest. We were all in my client’s office getting ready to close a deal on which everybody worked hard for almost one year. A deal...