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How we work / Step 8 of 8

M&A.

M&A integration and separation. Integrating, separating and ring-fencing technology through every deal.

Why it matters now

Transactions are won or lost in execution

Value is created or destroyed after signing. Diligence often fails to set out a route to synergies, and technology separation and integration are usually the longest and most complex workstreams.

~30%

Of deals achieve their synergy targets.

CFA Institute and Fortune analysis, via Acquisition Stars
42%

Of the time, pre-merger due diligence failed to provide an adequate roadmap for capturing synergies.

McKinsey, A perspective on creating transformational value from mergers
8% to 11%

Value uplift seen in carve-outs, mainly from exiting transition service agreements early.

PwC, How expediting TSA exits can unlock deal value

Fill in: check the figures from CFA Institute and Fortune analysis, via Acquisition Stars against the original before launch

Four kinds of deal

We support every direction a deal can take.

Acquire

Finding and assessing targets, with commercial, operational and technology due diligence and deal support.

Merge and integrate

Day One readiness, then bringing systems, data and teams together without disrupting customers.

Carve out and separate

Standing up a business on its own, with transition service agreements, data ring-fencing and resilient migration.

Divest and exit

Exit readiness, vendor due diligence and separation planning, so the business sells on its strengths.

What we deliver

M&A integration and separation: the services within this step.

Technology due diligence

An independent view of a target’s technology, risks and costs before you commit.

Day One readiness

Everything needed to trade safely from the first day of ownership.

Merger integration

Bringing systems, data and teams together without disrupting customers.

Standalone build

Standing up a divested business on its own technology, people and processes.

Transition service agreements

Designing, managing and exiting transition service agreements early, eliminating cost for services no longer required.

Data ring-fencing and clean rooms

Making sure each side only sees the data it is entitled to, before and after completion, including paper and archived records.

Migration with operational resilience

Testing, rollback plans and governance a regulator would accept.

Exit readiness and vendor due diligence

Evidence of sustained improvement and a clean separation plan, ready for the next owner.

Who this is for

AcquirersPrivate equity buyers and sellersCorporates buying or selling a businessBanks, insurers and other regulated firms

Evidence from the market

Published results from other organisations. Not North Axiom results.

£48.65m

the fine imposed on TSB after its 2018 migration, part of its separation from Lloyds, which affected all branches and a significant share of its 5.2 million customers.

Financial Conduct Authority, TSB fined for operational resilience failings
8% to 11%

value uplift PwC has seen in carve-outs, mainly from exiting transition service agreements early.

PwC, How expediting TSA exits can unlock deal value
50+

acquisitions by Danaher between 2001 and 2006, each brought onto the same operating system.

Kaizen Institute, Danaher case study

Fill in: check each figure against its source before launch

Delivered by

The North Axiom capabilities behind this service.

Discuss M&A with North Axiom

Share your current position and objectives, and we will set out how North Axiom can support them.