The Cushman & Wakefield Workplace Programme Part II centres on the theme of 'optimise your business using the workplace'.
The Workplace Programme Part II features three events with the first event detailed below.
Optimise your business using the workplace: Mergers & Acquisitions
Friday 16th May 2014
- 8.00am - registration and networking
- 8.30am - event starts
- 9.45am - event ends
Cushman & Wakefield, 43-45 Portman Square, London, W1H 6LY
Marble Arch (Central Line) or Bond Street (Central or Jubilee Lines)
About the event
In 2013, we saw an exponential increase in merger and acquisition (M&A) activity and we predict more of the same for 2014, but with a higher degree of caution attached. But why?
Various studies have shown that on average 50-60% of acquisitions are unsuccessful. In the March issue of The Economist, the following statement was made in relation to M&A activity: “Managers are over-estimating the benefits and value of synergy and cost savings, and underestimate the problems and costs of meshing 2 different cultures.” Combine all of this with the high costs attached to the acquisition process, and investors and CEOs are understandably cautious.
While some of the failures can be explained by financial and market factors, a substantial number can be traced to neglected cultural, employee and workplace related issues and activities. When a merger or acquisition is announced, there is a lot of focus on the transaction and the future impact on the balance sheet, but little thought is given to the ‘what next’ stage – the integration of employees, processes, culture, the office ‘norm’ and the office design/function. The value beyond the balance sheet. But how and who can emphasise the importance of these factors at a Board level?
We pose the question: can and should the Corporate Real Estate function play a more significant role during the M&A process and help to plan and accelerate the integration phase and anticipated synergies and enhanced value? As a function that is responsible for the real estate portfolio, a catalyst for the integration phase, we believe that CRE Executives have the power to change and improve the success rate of M&A activity. Attend this event to find out how.
To register for the event email Lauren.Marks@eur.cushwake.com