M&A Surprises and Horror Stories

Jim Ackerman, recent Vice President of Corporate Development at Flex; Steve Coghlan, Semi-recent Vice President of Corporate Development at Flex. Every deal is different, which means each and everyone will present unique challenges that teams have to overcome. Especially when dealing with smaller companies. There is no such thing as a perfect deal. However, with the right mindset and approach, deals can still close and bring value to both parties involved.  In this episode of the M&A Science Podcast, Jim Ackerman, recent Vice President of Corporate Development at Flex, and Steve Coghlan, former Vice President of Corporate Development at Flex, discuss their experiences on M&A surprises and horror stories. This episode is sponsored by FirmRoom, the fastest virtual data room used to get deals done. Leave the pay-per-page world behind by going to www.firmroom.com Episode Bookmarks 00:00 Intro 05:06 Sourcing deals 08:24 Key things to ask during the first meeting 11:49 How to get exclusivity 15:01 How the governance works 16:41 Due diligence red flags 17:21 Cultural integration 19:46 Working with the board 23:54 Best way to pitch a deal to the board 24:34 Stakeholder management in the board 25:40 Managing M&A surprises 29:30 Good M&A Surprises 34:37 Accounting surprises 36:30 Private deal surprises 40:39 IT surprises 42:33 Surprises between signing and closing 45:38 How to mitigate risks and surprises 46:13 What trap currency is 48:04 Integration surprises 50:40 Mitigating surprises from integration 54:25 Instilling clear and purposeful communication 55:23 Hardest step to do in M&A 56:10 Worst deal ever done 59:11 Best advice 1:00:12 Craziest thing in M&A