M&A doesn’t always work, such as RBS’ disastrous €71bn acquisition of ABN Amro in 2007, and Hewlett-Packard's £10.2bn take-over of Autonomy 4 years later. However, where the stars and genetics align, then the outcome can be materially beneficial for all stakeholders. Take Vp’s £69.2m purchase of Brandon Hire in Nov’17, which at the time was generating c. £6.0m of EBIT. Here there was not only a compelling logic and cultural fit, but also the
26 Jun 2019
Brandon acquisition was a masterstroke
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Brandon acquisition was a masterstroke
Vp plc (VP:LON) | 615 76.9 2.0% | Mkt Cap: 246.9m
- Published:
26 Jun 2019 -
Author:
Paul Hill -
Pages:
12
M&A doesn’t always work, such as RBS’ disastrous €71bn acquisition of ABN Amro in 2007, and Hewlett-Packard's £10.2bn take-over of Autonomy 4 years later. However, where the stars and genetics align, then the outcome can be materially beneficial for all stakeholders. Take Vp’s £69.2m purchase of Brandon Hire in Nov’17, which at the time was generating c. £6.0m of EBIT. Here there was not only a compelling logic and cultural fit, but also the