Bernardo

Taking a look at the trends in five to 10 years, the direction of these investment opportunities is taking shape: the future will be about putting control in the hands of the patient

The growing role of corporate venture capitalists (CVCs) in financing innovation is undeniable. In 2018, according to CB Insights, CVCs invested $52 billion in U.S. startups, an historic high and more than triple the $15.2 billion they invested in 2013. But what’s changing in corporate venture capital is not only the increased activity, but also […]

By Kurt Piwko, Plante Moran For many years after its introduction in the early 1990s, Section 1202 languished as a little loved, obscure capital gains tax break. Even today, a surprising number of companies and investors are unfamiliar with how and when to use this break, known as the Qualified Small Business Stock (QSBS) gain […]

For the past month we've been doing M&A Case Studies on MBA Mondays. It's time to go back to the basics of M&A. I laid them out in this post. For the next few weeks, I am going to discuss each of the key issues in detail. First up is the integration plan. The integration plan is the way the buyer plans to operate your business post acquisition. You should get this figured out before you sign the Purchase Agreement. You are going to have to live with the results of the integration and you had better buy into it before you sign your company away to someone else. There are two primary ways a buyer can "integrate" an acquisition. The first way is they mostly leave your company alone. Examples of this are Google's acquisition of YouTube, eBay's acquisition of Skype, and The Washington Post Company's acquisition of Kaplan (one of my favorite M&A cases).