I want to know the main differences between regular M&A deals and Private Equity buyouts.
In M&A deals, companies often look for ways they can work well together, especially in terms of company culture. But in PE buyouts, the main goal is to earn profit. Since it's a financial company buying, there aren't synergies like in M&A. And company culture isn't a big deal because it's not a merger.
Am I right about this?
So, for PE deals, do we just skip the part about synergies and focus more on the financial numbers, like how good the market is and the value of the company being bought?