Not that tipping one's hat to strategy is a cure-all. In our work with companies that are thinking about doing a deal, we often hear that the acquisition is intended for "strategic" reasons. That's simply not good enough. A credible investment thesis should describe a concrete benefit, rather than a vaguely stated strategic value.
Writing a Credible Investment Thesis
Writing a Credible Investment Thesis. 11/15/2004. Many companies are "terrifyingly unclear" to themselves and investors about why they are making an acquisition, according to the authors of a new book, Mastering the Merger. Support comes when you spell it out.
The Perfect Acquisition Proposal Template To Create A Solid ...
Acquisition Proposal Template: 1) Introduction for Memorandum of Agreement: Start with signing a MOA document. It is a formal document stating the involvement of two different companies or entities wishing to work together. In this case, acquiring the business or buying business of another company through asset purchase.
Investment Thesis Template
This template allows you to create your own investment thesis slide detailing your overall strategy. The template is plug-and-play, and you can enter your own text or numbers. The template also includes other slide pages for other elements of a financial model presentation. "An investment thesis aims to take an abstract idea and turn it into a ...
How to Write Effective Business Acquisition Plan [+ Template]
2. Target Description. This section of acquisition plan outlines the business you're acquiring and why it's worth what you're proposing to pay for it. Be as thorough as possible here. If there are weaknesses that you see in the business, introduce them and talk about how you can iron them out and generate value.
How to Create an Investment Thesis [Step-By-Step Guide]
Step 1: Start With the Essentials. First things first. Before you get into doing the research that goes into an investment thesis or stock pitch, make sure you take the time to write out the basics. At the top of the page, include things like: The name of the company and its ticker symbol. Today's date.
PDF A Framework for Validating an M&A Deal Thesis
A Framework for Validating an M&A Deal Thesis. Stephen G. Morrissette University of St. Francis. This paper organizes a variety of existing strategy theories, typologies and models into a framework that can be used to analyze and validate the investment thesis for a proposed acquisition by a strategic or corporate buyer.
How to create a clear private equity investment thesis
For example: Estimated earnings × EV/EBITDA = target price. Estimated earnings × FCF/market capital = target price. Estimated earnings × Price-to-earnings (P/E) ratio = target price. In your investment thesis, explain why your firm uses a particular multiple and how it came to estimate future earnings.
How to Write a Perfect Acquisition Proposal [+ Free Sample]
So leverage it. 5. Let Them Know Why a Deal Will Work. The letter shouldn't just be about throwing an admiring glance in the way of the target company, of course. Let them know, again in broad terms, where you see your industry going and how combining your two companies is the best way to address that change.
Find Better Businesses with a Solid Investment Thesis
Choose your must-haves and nice-to-haves and don't deviate from them. Revisit your investment thesis at regular intervals, at least every quarter. Team Acquira. Acquira specializes in seamless business succession and acquisition. We guide entrepreneurs in acquiring businesses and investing in their growth and success.
Deal Thesis: A Single Deal? Or the Entire M&A Program?
Deal Thesis: Single Deal vs. Comprehensive M&A Program. A single deal or deal-specific thesis is unique and focuses on a single acquisition target, with the goal of identifying the potential benefits and risks of that one transaction. This approach is often used by strategic buyers, who are looking to acquire a company that will help them ...
Must-Have Acquisition Proposal Templates With Examples and ...
Secure your position with exclusive negotiating rights in acquisition proposal infographics, a must-have for companies pursuing acquisitions. With our PowerPoint Templates, you gain an edge in negotiations, fostering favorable terms and conditions. With this PPT Preset, maximize your acquisition strategy and maintain control over the process.
VC Lab: VC Investment Thesis Template
Here is an initial exercise to get started that should take about 30 minutes to an hour. First, use the template above and try to write three versions of a potential venture fund thesis. As mentioned above, be as concise and specific as possible. Next, read each of them aloud while recording a video of yourself.
Learn to Merge the Deal Thesis Into Your M&A Integration Plan
In this case, the deal thesis outlines the risks and benefits of that single acquisition and measures the acquisition against the company's specific goals. Comprehensive deal thesis. A comprehensive deal thesis is more complicated and more likely to be present in a fully-fledged M&A integration plan.
SOSP Kellogg 9.20.17 Lunch and Learn v12
In depth research on targeted sectors, acquisition candidates and portfolio companies, updated regularly based on the economy and current market conditions ... -Investment Thesis Proposal (up to 12 slides in pdf format -details on pg. 15) A definition of the industry or sector the team wishes to investigate and why
Acquisition Process: The Complete Roadmap
For a winning acquisition, memorandum template take a look at the one I recently covered (see it here) or unlock the acquisition memorandum template directly below. Access The Acquisition Memorandum Template. Please subscribe to unlock this content. Just enter your email below. ... Create a strong investment thesis, locate the right business ...
This dissertation template is based on the tried and trusted best-practice format for formal academic research projects. The template structure reflects the overall research process, ensuring your document has a smooth, logical flow. Here's how it's structured: The title page/cover page. Abstract (sometimes also called the executive summary)
PDF Do More Mergers and Acquisitions Create Value for The Firm?
This thesis is aimed to empirically investigate the performance impact of frequent acquisitions as an aggressive merger and acquisition (M&A) strategy for an acquiring firm. In literature related to the study of M&A, a common question is whether acquisitions improve the performance of acquirers. Neither theoretical nor empirical
PDF Acquisition Plan (AP) Template
(a) Acquisition Background and Objectives - FAR 7.105(a) (1) Statement of Need - FAR 7.105(a)(1) Introduce the plan by a brief statement of need. Summarize the technical and contractual history of the acquisition. Discuss feasible acquisition alternatives, the impact of prior acquisitions on those alternatives, and any related in-house effort.
Acquisition Strategy
Acquisition Strategy Regulations and Instructions. Federal Acquisition Regulation (FAR) 7.1 and Defense Federal Acquisition Regulation Supplement (DFARS) 207.1 address policies related to acquisition planning and the development of written acquisition plans.; The main instruction governing the acquisition strategy is located in DoD Instruction 5000.85 "Major Capability Acquisition" Appendix 3.
Acquisition Research Program
Students can choose a sponsor topic (list available in 372 Ingersoll) or create their own in collaboration with thesis advisers. Sample research areas include the following: acquisition and procurement policy. contract, supply chain, cost, project, logistics or engineering management. acquisition workforce. public budgeting and finance. outsourcing
Presentation and Case Study Templates
List of PowerPoint Templates. Explore and download WSO's free PowerPoint templates to create your own professional presentations. Our templates cater to finance professionals and those looking to break into finance. Feel free to play around and learn how to use them. Investment Thesis.
Templates
A template that addresses the capability gap which a product or system is intended to address, the overall mission area, the proposed system solution, and a summary of supporting analyses. The Software Development Plan (SDP) template helps a contracts put together a plan for conducting a software development effort.
IMAGES
COMMENTS
Not that tipping one's hat to strategy is a cure-all. In our work with companies that are thinking about doing a deal, we often hear that the acquisition is intended for "strategic" reasons. That's simply not good enough. A credible investment thesis should describe a concrete benefit, rather than a vaguely stated strategic value.
Writing a Credible Investment Thesis. 11/15/2004. Many companies are "terrifyingly unclear" to themselves and investors about why they are making an acquisition, according to the authors of a new book, Mastering the Merger. Support comes when you spell it out.
Acquisition Proposal Template: 1) Introduction for Memorandum of Agreement: Start with signing a MOA document. It is a formal document stating the involvement of two different companies or entities wishing to work together. In this case, acquiring the business or buying business of another company through asset purchase.
This template allows you to create your own investment thesis slide detailing your overall strategy. The template is plug-and-play, and you can enter your own text or numbers. The template also includes other slide pages for other elements of a financial model presentation. "An investment thesis aims to take an abstract idea and turn it into a ...
2. Target Description. This section of acquisition plan outlines the business you're acquiring and why it's worth what you're proposing to pay for it. Be as thorough as possible here. If there are weaknesses that you see in the business, introduce them and talk about how you can iron them out and generate value.
Step 1: Start With the Essentials. First things first. Before you get into doing the research that goes into an investment thesis or stock pitch, make sure you take the time to write out the basics. At the top of the page, include things like: The name of the company and its ticker symbol. Today's date.
A Framework for Validating an M&A Deal Thesis. Stephen G. Morrissette University of St. Francis. This paper organizes a variety of existing strategy theories, typologies and models into a framework that can be used to analyze and validate the investment thesis for a proposed acquisition by a strategic or corporate buyer.
For example: Estimated earnings × EV/EBITDA = target price. Estimated earnings × FCF/market capital = target price. Estimated earnings × Price-to-earnings (P/E) ratio = target price. In your investment thesis, explain why your firm uses a particular multiple and how it came to estimate future earnings.
So leverage it. 5. Let Them Know Why a Deal Will Work. The letter shouldn't just be about throwing an admiring glance in the way of the target company, of course. Let them know, again in broad terms, where you see your industry going and how combining your two companies is the best way to address that change.
Choose your must-haves and nice-to-haves and don't deviate from them. Revisit your investment thesis at regular intervals, at least every quarter. Team Acquira. Acquira specializes in seamless business succession and acquisition. We guide entrepreneurs in acquiring businesses and investing in their growth and success.
Deal Thesis: Single Deal vs. Comprehensive M&A Program. A single deal or deal-specific thesis is unique and focuses on a single acquisition target, with the goal of identifying the potential benefits and risks of that one transaction. This approach is often used by strategic buyers, who are looking to acquire a company that will help them ...
Secure your position with exclusive negotiating rights in acquisition proposal infographics, a must-have for companies pursuing acquisitions. With our PowerPoint Templates, you gain an edge in negotiations, fostering favorable terms and conditions. With this PPT Preset, maximize your acquisition strategy and maintain control over the process.
Here is an initial exercise to get started that should take about 30 minutes to an hour. First, use the template above and try to write three versions of a potential venture fund thesis. As mentioned above, be as concise and specific as possible. Next, read each of them aloud while recording a video of yourself.
In this case, the deal thesis outlines the risks and benefits of that single acquisition and measures the acquisition against the company's specific goals. Comprehensive deal thesis. A comprehensive deal thesis is more complicated and more likely to be present in a fully-fledged M&A integration plan.
In depth research on targeted sectors, acquisition candidates and portfolio companies, updated regularly based on the economy and current market conditions ... -Investment Thesis Proposal (up to 12 slides in pdf format -details on pg. 15) A definition of the industry or sector the team wishes to investigate and why
For a winning acquisition, memorandum template take a look at the one I recently covered (see it here) or unlock the acquisition memorandum template directly below. Access The Acquisition Memorandum Template. Please subscribe to unlock this content. Just enter your email below. ... Create a strong investment thesis, locate the right business ...
This dissertation template is based on the tried and trusted best-practice format for formal academic research projects. The template structure reflects the overall research process, ensuring your document has a smooth, logical flow. Here's how it's structured: The title page/cover page. Abstract (sometimes also called the executive summary)
This thesis is aimed to empirically investigate the performance impact of frequent acquisitions as an aggressive merger and acquisition (M&A) strategy for an acquiring firm. In literature related to the study of M&A, a common question is whether acquisitions improve the performance of acquirers. Neither theoretical nor empirical
(a) Acquisition Background and Objectives - FAR 7.105(a) (1) Statement of Need - FAR 7.105(a)(1) Introduce the plan by a brief statement of need. Summarize the technical and contractual history of the acquisition. Discuss feasible acquisition alternatives, the impact of prior acquisitions on those alternatives, and any related in-house effort.
Acquisition Strategy Regulations and Instructions. Federal Acquisition Regulation (FAR) 7.1 and Defense Federal Acquisition Regulation Supplement (DFARS) 207.1 address policies related to acquisition planning and the development of written acquisition plans.; The main instruction governing the acquisition strategy is located in DoD Instruction 5000.85 "Major Capability Acquisition" Appendix 3.
Students can choose a sponsor topic (list available in 372 Ingersoll) or create their own in collaboration with thesis advisers. Sample research areas include the following: acquisition and procurement policy. contract, supply chain, cost, project, logistics or engineering management. acquisition workforce. public budgeting and finance. outsourcing
List of PowerPoint Templates. Explore and download WSO's free PowerPoint templates to create your own professional presentations. Our templates cater to finance professionals and those looking to break into finance. Feel free to play around and learn how to use them. Investment Thesis.
A template that addresses the capability gap which a product or system is intended to address, the overall mission area, the proposed system solution, and a summary of supporting analyses. The Software Development Plan (SDP) template helps a contracts put together a plan for conducting a software development effort.