| Topic Name: |
Who advised Cisco? |
| Message Name: |
Internal Group |
| Date Posted: |
05/06/2000 |
| In Reply To: |
i guess is coz m&a practice is not unique to investment banks. if u have the right plp then any company can have its own m&a division. and if the same company dosent feel the need for a sanity check, which usually is what a investment bank's advice is worth, then why hire external plp and pay millions of $$ extra?!
cisco does have a faily big internal m&a. |
| Message: |
Fairly big? Cisco's M&A practice is widely regarded as one of the best in technology. There have been many articles documenting the success of the "machine". I think its probably a better model b/c a company with internal bankers will retain all of the knowledge built up in performing acquisitions, be it process or market related. Also, the people who developed the strategic rationale for a particular acquisition are still accountable until the merger is fully integrated, hell they're still around. Try getting a bank to help with integration issues. It amazes me that companies don't focus on the integration piece more, that's what really dictates success/failure of a deal.
For the record, I don't get that "San Fran Cisco" thing either, and my cogs aren't that rusty.
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