• 233 243 132065
  • info@equitybridgeafrica.org
  • Accra,Ghana

Mergers & Acquisitions

This refers to change of corporate ownership and control transactions. It includes mergers, consolidations, acquisitions, joint ventures and divestitures.

Our Key M & A process

  • Identify Target company and initiate a preliminary evaluation
    • A short memo to outline strategic rationale for a target from that industry and its fit with the clients’ corporate plans.
    • A short memo with a back of the envelope evaluation of the target company.
  • Initial contact with target
    • Initiate a casual discussion with member(s) of the targets board / shareholder(s) about the willingness of the firm for an M and A.
    • Hold a formal meeting with the board to determine mutual interest in the acquisition / investment.
    • Prepare a teaser for the benefit of the client
  • Begin formal acquisition / investment process.
    • Execute confidentiality agreements, conditional agreements and pre-deal mandate
    • Review agreements with other advisors such as Legal and audit team.
  • Begin formal acquisition / investment process and Due diligence
    • Form due diligence team and communicate to the target company
    • Financial due diligence
    • Projected financials
    • Legal due diligence
    • Operational due diligence
    • Develop due diligence report and submit it to acquirers
    • Develop Confidential Information Memorandum and submit to the acquirers

  • Valuation
    • Normalize the financials to eliminate anomalies and facilitate comparison.
    • Undertake value estimation
    • Draft valuation report for onward submission to Royal Africa Holdings.
  • Commence formal acquisition / investment process
    • Review and Negotiate term sheet
    • Build models to determine the impact of the M & A on the new entity or acquirer
  • Complete documentation.
    • Finalize term sheet and LOI.
    • Draft Integration plan
    • Develop Restructuring plan
  • Close transaction
    • Complete negotiation of definitive agreements
    • Begin integration implementation planning
    • Secure final shareholder and board approvals for M & A
    • Undertake deployment of capital or stock issuance, based on the agreements, and registration of new corporate structure with the new shareholder schedule to reflect the M & A
    • Secure necessary regulatory approvals. ( In an industry with a perceived high time lag for approval, this might be done earlier)
    • Provide post-closing integration reports to senior management at 30, 60 and 90 days period.