In M&A, a single word often shapes the entire rationale for a deal: synergy. Whether it's reducing costs, increasing revenue, or unlocking potential, synergies are seen as the ideal outcome. But as anyone involved in deal-making knows, assumptions about synergies can be tempting — and risky — if not carefully evaluated. So, how can you identify

Let’s say your CEO walks in and says, “We’re thinking of acquiring a business.” Cue the internal audit alarms, spreadsheets, and heart palpitations. As CFO, your job isn’t just to model the deal—it’s to sanity-check whether the target is actually worth acquiring in the first place. So, what should you look for before your executive team

Many business owners share the goal of exiting a business at maximum value, yet achieving this requires more than just hoping for the best. It demands strategic planning, targeted execution, and a clear understanding of what drives your business's value. The valuation roadmap should be at the heart of this process—a crucial tool that sets the course

When it comes to planning the future of your business, one of the most crucial decisions you'll make is how and when to exit. For many business owners, the ultimate goal is to maximize the price of the business while ensuring that other key objectives are met. Achieving these goals requires strategic foresight and thorough preparation,

If you are a business owner, you’ve likely poured your heart, soul, and countless hours into building your company. But have you thought about what happens when it's time to step away? Whether you’re planning to retire, pivot to a new venture, or simply cash out, a well-thought-out exit strategy is crucial to ensuring you

Many parties seek a business valuation when entering an acquisition, expecting that the number presented in the valuation report will reflect the final transaction price. However, the reality is often more nuanced. This article explores the distinctions between a business valuation and the transaction price, shedding light on the factors that can influence the final deal.

Understanding the concept of equity risk premium (ERP) is essential for accurate business valuations in finance and investment. Often referred to as the market risk premium, ERP plays a pivotal role in determining the required rate of return for equity investors. This article explores the importance of ERP, its calculation, and its application in the Capital

When a private business welcomes new shareholders, especially through affordable investments facilitated for employees, management, BB-BEE, family members, or other groups, it’s tempting to simplify the process. Many might think, “Let’s issue the shares and get on with it.” However, such a mindset can lead to significant complications down the road. Establishing comprehensive legal agreements and

Succession planning is critical to business continuity, ensuring that new management or family members are well-prepared to take over the reins. However, one of the most challenging hurdles in succession planning is navigating the tax implications accompanying company ownership changes. As discussed in our previous articles, "Securing Your Legacy: Ownership Succession Planning with Worth.Business" and "Unlocking

South Africa's dynamic yet under performing economy presents an opportunity for larger businesses seeking growth through acquisitions. Despite the economic challenges, several aligning tailwinds make it a compelling case for companies to expand their reach and secure a prosperous future through strategic acquisitions. Low Valuations In the context of South Africa’s weak economy, business valuations are