Latest news with #duediligence
Zawya
2 days ago
- Business
- Zawya
New Bain & Company analysis details how buyers can unlock full value from carved-out businesses
Middle East – Bain & Company's latest insights, You've Decided to Buy a Carved-Out Business. Now What?, examine how acquirers can harness the full potential of divested businesses, while avoiding the common pitfalls that jeopardize success. Buying a divested business can be a strategic way to reshape your portfolio and jump-start growth. Whether the objective is to expand into new markets, fill gaps in a product portfolio, or gain quick access to revenue, customers, operational capacity, and talent, carve-outs can create significant value for acquirers. But too many buyers focus only on getting to Day 1 and overlook the need for a solid integration thesis linked to the deal thesis and key value drivers. Bain's M&A Practitioners 2025 Outlook Survey reveals that cultural differences and process and technology issues are the biggest challenges in integrating carve-outs—followed by negotiating transition service agreements (TSAs), talent issues, and defining the carve-out perimeter. These issues must be proactively addressed from the outset. The most successful carve-out acquisitions start with due diligence that identifies both the carve-out-specific elements and the value creation plan required to underwrite the deal. They develop a solid integration thesis linked to essential value drivers and carve-out components. Here's Bain's advice for buyers to address these issues: Use cutting-edge diligence to assess the carve-out situation (e.g., perimeter, entanglements, standalone costs) and its impact on value creation. It's essential to dig deep into people, systems, and assets—including contracts and IP—and identify areas where TSAs or a build-out/integration plan are needed for Day 1. Diligence should also highlight commercial implications, such as distributor gaps or risk from comingled contracts. Accelerate process and systems decisions. In a carve-out, critical interactions such as invoicing customers, paying employees, and ensuring product availability must continue seamlessly on Day 1. This requires early decisions on cross-functional processes and systems to be kept, cloned, built, integrated, or retired. Plan and utilize TSAs strategically. While TSAs are an important mechanism for continuity on Day 1, buyers and sellers have different motivations for a TSA's scope and duration. Instead of operating on general rules of thumb like, 'We need longer TSAs' or 'We need to negotiate the best possible service,' buyers should look at TSAs as a bridge to achieve the integration priorities. Set the tone on people and culture. Buyers often has limited visibility into the talent and the capabilities needed to operate. In addition, carve-out employees may feel undervalued, and sellers may be reluctant to let the buyer interact with acquirers work with the seller early to identify key talent, define talent movement metrics, and establish a compelling future vision. They activate leadership to ensure employees feel valued and aligned. Plan for and execute Day 1 in a way that mitigates risk and prepares for the future state. While many acquirers see a smooth Day 1 as a win, the best carve-out acquirers prepare for cutovers at TSA exits with detailed plans to deliver synergies and future growth. Carve-outs can be attractive acquisitions that represent unique growth opportunities. But unlike full company acquisitions, carve-outs can break on Day 1 if things are not planned and managed well. -Ends- To arrange an interview or for further information, please contact: Christine Abi Assi – christine@ About Bain & Company Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today's urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a platinum rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 1% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.
Washington Post
15-07-2025
- Politics
- Washington Post
Trump's immigration policies make the U.S. an unfit World Cup host
You wouldn't know it from what FIFA, soccer's international governing body, is about to do, but it has a human rights policy. 'Guided by its human rights approach, FIFA embeds its commitment throughout the organisation and engages in an ongoing due diligence process to identify, address, evaluate and communicate the risks of involvement with adverse human rights impacts. … FIFA will constructively engage with relevant authorities and other stakeholders and make every effort to uphold its international human rights responsibilities.'
The National
14-07-2025
- Business
- The National
Gaza accusations at centre of Microsoft shareholder resolution
A shareholder resolution related to the allegations levelled at Microsoft concerning the use of its technology in Gaza will be voted on at the company's annual meeting. The resolution seeks to push Microsoft to evaluate its effectiveness in promoting "human rights due diligence processes" related to artificial intelligence. "Shareholders request the board of directors publish a report, at reasonable cost and omitting proprietary information, assessing the effectiveness of Microsoft's human rights due diligence processes in preventing, identifying and addressing customer misuse of Microsoft artificial intelligence and cloud products or services that violates human rights or international humanitarian law," reads the resolution. Since April, the software company has come under criticism from various groups, chief among them No Azure for Apartheid, which consists of current and former Microsoft employees who have criticised the company's contracts with the Israeli military. The group has claimed that Microsoft's AI and cloud products have been used to target Palestinians in the war in Gaza. After weeks of condemnation from No Azure for Apartheid, Microsoft announced in May that an internal review had found "no evidence" its products have been used to harm people in Gaza. There were caveats in the review, however, particularly an acknowledgement that because of the nature of how software and AI tools are used by various entities, Microsoft's investigation might have been limited. The resolution recently submitted for the company based in Redmond, Washington, was filed by about 60 shareholders, "collectively representing more than $80 million in Microsoft shares", said corporation watchdog Eko, which provided a copy of the resolution to The National. Israel's campaign in the enclave – which followed the 2023 attacks by Hamas-led fighters on Israel that resulted in the deaths of about 1,200 people and the capture of 240 hostages – has killed nearly 58,400 people and injured more than 139,000. Microsoft is not alone in coming under scrutiny for contracts with Israel. Palantir, Lockheed Martin, Booz Allen Hamilton, Google and others have faced flak. The internal review of Microsoft, despite making the company stand out among others to have been condemned for their ties to Israel, failed to appease those who insist the company's AI tools and cloud computing offerings such as Azure have been misused in Gaza. The lead filer of the resolution, set to face a vote at Microsoft's annual shareholder meeting in December, is the Religious of the Sacred Heart of Mary, an international congregation of Catholic women. "Over the years, we have had constructive discussions with Microsoft," read a statement from the group. "However, in this case, we are disappointed that Microsoft's recent statements responding to allegations of complicity in war crimes lack both specificity and detail." Rewan Haddad, a campaign director at Eko, which describes itself as being "committed to curbing the growing power of corporations", said "time will tell if Microsoft's executives heed the call of their investors and people around the world, or continue to profit from and fuel atrocities". Microsoft has not yet responded to The National's requests for comment on the shareholder resolution. Its looks set to face an uphill battle in terms of being approved by Microsoft's shareholders and because resolutions for publicly traded companies in the US are non-binding, enforcing them is difficult. Meanwhile, demonstrators calling attention to the plight of Gazans have continued to interrupt Microsoft events throughout the US.
Yahoo
14-07-2025
- Business
- Yahoo
Ki Corporation and Public Storage Update Offer to Acquire Abacus Storage King
Abacus Storage King and the Consortium agree to proceed with due diligence GLENDALE, Calif., July 13, 2025--(BUSINESS WIRE)--Ki Corporation and Public Storage (NYSE:PSA) (together, the "Consortium") announced today a revised non-binding indicative offer (NBIO) to acquire Abacus Storage King (ASX:ASK) for cash consideration of A$1.65 per stapled security. The Consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms. "We are excited to take the next step towards this potential combination with Abacus Storage King in partnership with Ki Corporation," said Joe Russell, Public Storage's Chief Executive Officer. "Public Storage has proven success internationally, and we are excited by the prospect of sharing our expertise and wide-ranging competitive advantages with Abacus Storage King in the rapidly growing Australian self-storage market. We are confident this transaction would be a compelling outcome for Abacus Storage King and Public Storage's stakeholders." The revised NBIO is non-binding and subject to several conditions, including due diligence. Ki Corporation and Public Storage's discussions with Abacus Storage King are preliminary in nature and any transaction would be subject to processes for acquisition of widely held entities under Australian law, including securityholder approval. There is no assurance the parties will reach a definitive agreement or consummate a transaction or that if such an agreement is reached, it will be on terms similar to those set forth herein. Public Storage does not intend to provide additional or ongoing disclosure regarding these discussions prior to any execution of a definitive agreement and expressly disclaims any obligation to update this information, except as required by law. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2025, we: (i) owned and/or operated 3,399 self-storage facilities located in 40 states with approximately 247 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 318 self-storage facilities located in seven Western European nations with approximately 18 million net rentable square feet operated under the Shurgard® brand. Our headquarters are located in Glendale, California. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release, other than statements of historical fact, are forward-looking statements which may be identified by the use of the words "expects," "believes," "intends," "anticipates," "should," "would," "opportunity," "proposed," "potential," "estimates" and similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, which may cause actual events to be materially different from those expressed or implied in the forward-looking statements. Risks and uncertainties that may impact future results and performance include, but are not limited to, those described in Part 1, Item 1A, "Risk Factors" in Public Storage's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 24, 2025 and in its other filings with the SEC. These forward-looking statements speak only as of the date of this press release or as of the dates indicated in the statements. View source version on Contacts Ryan Burke(818) 244-8080, Ext. 1141
Associated Press
14-07-2025
- Business
- Associated Press
Ki Corporation and Public Storage Update Offer to Acquire Abacus Storage King
GLENDALE, Calif.--(BUSINESS WIRE)--Jul 13, 2025-- Ki Corporation and Public Storage (NYSE:PSA) (together, the 'Consortium') announced today a revised non-binding indicative offer (NBIO) to acquire Abacus Storage King (ASX:ASK) for cash consideration of A$1.65 per stapled security. The Consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms. 'We are excited to take the next step towards this potential combination with Abacus Storage King in partnership with Ki Corporation,' said Joe Russell, Public Storage's Chief Executive Officer. 'Public Storage has proven success internationally, and we are excited by the prospect of sharing our expertise and wide-ranging competitive advantages with Abacus Storage King in the rapidly growing Australian self-storage market. We are confident this transaction would be a compelling outcome for Abacus Storage King and Public Storage's stakeholders.' The revised NBIO is non-binding and subject to several conditions, including due diligence. Ki Corporation and Public Storage's discussions with Abacus Storage King are preliminary in nature and any transaction would be subject to processes for acquisition of widely held entities under Australian law, including securityholder approval. There is no assurance the parties will reach a definitive agreement or consummate a transaction or that if such an agreement is reached, it will be on terms similar to those set forth herein. Public Storage does not intend to provide additional or ongoing disclosure regarding these discussions prior to any execution of a definitive agreement and expressly disclaims any obligation to update this information, except as required by law. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2025, we: (i) owned and/or operated 3,399 self-storage facilities located in 40 states with approximately 247 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 318 self-storage facilities located in seven Western European nations with approximately 18 million net rentable square feet operated under the Shurgard® brand. Our headquarters are located in Glendale, California. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release, other than statements of historical fact, are forward-looking statements which may be identified by the use of the words 'expects,' 'believes,' 'intends,' 'anticipates,' 'should,' 'would,' 'opportunity,' 'proposed,' 'potential,' 'estimates' and similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, which may cause actual events to be materially different from those expressed or implied in the forward-looking statements. Risks and uncertainties that may impact future results and performance include, but are not limited to, those described in Part 1, Item 1A, 'Risk Factors' in Public Storage's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the 'SEC') on February 24, 2025 and in its other filings with the SEC. These forward-looking statements speak only as of the date of this press release or as of the dates indicated in the statements. View source version on CONTACT: Ryan Burke (818) 244-8080, Ext. 1141 KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SOURCE: Public Storage Copyright Business Wire 2025. PUB: 07/13/2025 06:58 PM/DISC: 07/13/2025 06:58 PM
