What are some differences between M&A, JV, synergy risk?
Bain & Company
What are some differences between M&A, JV, synergy risk?
Ok, all of these are similar and related. But there are some nuances...
First: JV does not necessarily mean M&A - so some risks pertaining to M&A (getting to that later) will not apply to JVs
M&A risks I would call those directly related to the transaction. There could be myriads:
Synergy risks I would characterize as those risks to achieving the projected synergies that ultimately justify the acquisition price:
JV risks are similar in flavour to both (some related to the transaction, such as anti-trust) and some related to the operation of the joint company. I'd add a few more:
There are tons more, but these are some examples.