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The Winning M&A Advisor [Vol. 1, Issue 5]
Welcome to the latest issue of The Winning M&A Advisor, the Axial publication that anonymously unpacks data, fees, and terms…
Good morning, all. Harvard Business Review weighs in on the debate about private equity and innovation. Citing recent surveys, reports and interviews, they highlight the positive impacts private equity has on company innovation during an LBO.
Meanwhile, The New York Times reports on a new phenomenon–that of the tech startup remaining private for longer. Rather than working towards the initial public offering, tech entrepreneurs opt for the “private IPO,” to avoid requirements of Wall Street and take advantage of higher valuations.
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This week in history…Dupont Company officials announce merger with Houston-based oil and energy titan, Conoco Inc. Valued at between $6.5 and $7 billion, the deal was then the single biggest merger in U.S. corporate history (1981).