Description
(Text)
Poland, with its 40m inhabitants and the privatisation of fundamental
sectors of the economy, has become a very attractive market especially for Western investors. With increasingly complex and sensitive M&A/privatisation transactions, there is a need for up-to-date research which provides an in-depth view of the country. This is necessary for appropriate market entry and for making investment decisions.
Christiane Tewes analyses the key success factors of cross-border acquisitions into Poland's privatising industries within a 5-phase-acquisition-model. The author emphasises the overall complexity of cross-border M&A transactions into Poland, linking the proper M&A transaction with the sensitive privatisation process and the specific political, economic and cultural background of Poland.
(Table of content)
1. Introduction.- 1.1. The Polish Challenge: Acquisitions Into Poland's Privatising Industries.- 1.2. Definition of Terms.- 1.3. Structure of the Dissertation.- 2. Methodology.- 2.1. Research Background and Rationale for the Selected Topic.- 2.2. Research Objectives.- 2.3. Data Gathering Method.- 3. Framework Conditions for Acquisitions in Poland.- 3.1. Political and Economic Background of Poland.- 3.2. LEGAL PRIVATISATION ENVIRONMENT IN POLAND.- 4. Acquisition Strategies in Poland.- 4.1. Market ENTRY Strategies.- 4.2. Strategic Acquisition Process.- 4.3. Value Creation Potentials - Sources of Acquisition Success.- 4.4. Pre-Acquisition Phase.- 4.5. The Deal - The Right Execution.- 4.6. Post Acquisition Integration - The Right Implementation.- 5. Primary Research Results: Key Success Factors.- 5.1. General Results.- 5.2. Strategic Objective: THE Right Reason.- 5.3. Search and Screening Process: The Right Information.- 5.4. Valuation: The "Right" Price.- 5.5. The Deal - The Right Execution.- 5.6. Post-Acquisition Integration: The Right Implementation.- 5.7. Use of Advisors.- 6. Conclusions and Recommendations.- 7. Prospects.
(Short description)
Langtext:Poland, with its 40m inhabitants and the privatisation of fundamental sectors of the economy, has become a very attractive market especially for Western investors. With increasingly complex and sensitive M&A/privatisation transactions, there is a need for up-to-date research which provides an in-depth view of the country. This is necessary for appropriate market entry and for making investment decisions.
Christiane Tewes analyses the key success factors of cross-border acquisitions into Poland's privatising industries within a 5-phase-acquisition-model. The author emphasises the overall complexity of cross-border M&A transactions into Poland, linking the proper M&A transaction with the sensitive privatisation process and the specific political, economic and cultural background of Poland.
(Author portrait)
Christiane Tewes graduierte im Rahmen eines berufsbegleitenden Aufbaustudiums an der Brunel University London. Sie ist Vice President für Mergers & Acquisitions/Privatisierungsberatung in Mittel- und Osteuropa bei der Commerzbank AG in Frankfurt am Main
Contents
1. Introduction.- 1.1. The Polish Challenge: Acquisitions Into Poland's Privatising Industries.- 1.2. Definition of Terms.- 1.3. Structure of the Dissertation.- 2. Methodology.- 2.1. Research Background and Rationale for the Selected Topic.- 2.2. Research Objectives.- 2.3. Data Gathering Method.- 3. Framework Conditions for Acquisitions in Poland.- 3.1. Political and Economic Background of Poland.- 3.2. LEGAL PRIVATISATION ENVIRONMENT IN POLAND.- 4. Acquisition Strategies in Poland.- 4.1. Market ENTRY Strategies.- 4.2. Strategic Acquisition Process.- 4.3. Value Creation Potentials — Sources of Acquisition Success.- 4.4. Pre-Acquisition Phase.- 4.5. The Deal — The Right Execution.- 4.6. Post Acquisition Integration — The Right Implementation.- 5. Primary Research Results: Key Success Factors.- 5.1. General Results.- 5.2. Strategic Objective: THE Right Reason.- 5.3. Search and Screening Process: The Right Information.- 5.4. Valuation: The "Right" Price.- 5.5. The Deal — The Right Execution.- 5.6. Post-Acquisition Integration: The Right Implementation.- 5.7. Use of Advisors.- 6. Conclusions and Recommendations.- 7. Prospects.
