27 June 2022

Euan Rellie on The Korea Economic Daily: Carve-out, bolt-on key themes driving M&As

By Chang-Jae Yoo
22 June 2022

“Amid escalating market uncertainties, M&As are not just a growth tactic but survival tools for businesses,” said Euan Rellie, Co-founder and Managing Partner at BDA Partners.

He pointed out that two kinds of M&A activities will be highlighted going forward: bolt-on acquisitions by strengthening what companies are good at; and business unit carve-outs by divesting what they are not good at.

“A new ecosystem was created through ESG, going far beyond the simple existing M&A industry. The concept of a circular economy is being established through ESG while the existing value-chain was based on a uniform structure from the seller to the consumer.”

“Therefore, I believe that there is still a lot of space to be improved on and to flourish, and more various structures of ESG M&A will be delivered at the global level. BDA also played a critical role in the ESG M&A market as an advisor for SK ecoplant’s full acquisition of e-waste recycling firm TES Envirocorp and the $50 million Series B funding of climate change investment firm Pollination.”

Read the full interview.

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