{"id":21619,"date":"2010-06-27T22:00:00","date_gmt":"2010-06-27T20:00:00","guid":{"rendered":"https:\/\/www.accuracy.com\/2010\/06\/27\/capital-finance-seule-une-acquisition-sur-quatre-touche-a-son-terme-dans-les-bric\/"},"modified":"2023-07-28T10:26:44","modified_gmt":"2023-07-28T08:26:44","slug":"capital-finance-seule-une-acquisition-sur-quatre-touche-a-son-terme-dans-les-bric","status":"publish","type":"post","link":"https:\/\/www.accuracy.com\/en_gb\/capital-finance-seule-une-acquisition-sur-quatre-touche-a-son-terme-dans-les-bric\/","title":{"rendered":"Capital Finance – Seule une acquisition sur quatre touche \u00e0 son terme dans les Bric"},"content":{"rendered":"

Est-il plus ais\u00e9 de mener une fusion-acquisition en Europe ou dans les Bric ? La r\u00e9ponse n’est pas aussi nette, dans les faits. Les m\u00eames types d’obstacles peuvent surgir, dans l’une ou l’autre des zones.<\/p>\n

…Chine, Inde puis Br\u00e9sil… Cette zone se caract\u00e9rise toujours par de la croissance… contrairement \u00e0 l’Europe, qui n’est pas exclue du champ d’investigation des pr\u00e9dateurs potentiels. “En Espagne, des concurrents \u00e9trangers pourraient venir \u00e0 la rescousse de grands groupes ou de PME sous-capitalis\u00e9s”, consid\u00e8re Eduard Saura<\/strong>, managing partner d’Accuracy \u00e0 Madrid.<\/p>\n

En Allemagne, les banques locales devenues plus restrictives, poussent les “Mittelstand” vers des partenariats industriels, afin de financer la relance de l’activit\u00e9.<\/p>\n

Diff\u00e9rence culturelle. Mais o\u00f9 que soit effectu\u00e9 le deal, le risque d’\u00e9chec reste important. Selon l’exp\u00e9rience d’Accuracy en Italie, l’investisseur doit tenir compte de cette dimension familiale : il ne pourra pas compter sur un management ind\u00e9pendant du propri\u00e9taire pour continuer juste apr\u00e8s l’acquisition.<\/p>\n

Chiffres flous. L’autre grande difficult\u00e9 cit\u00e9e pour les Bric concerne le flou sur les informations chiffr\u00e9es. “Dans le processus de vente des entreprises en redressement, on constate tr\u00e8s souvent un manque de pr\u00e9paration qui \u00e9branle fortement la confiance des investisseurs, notamment des \u00e9trangers, commente David Cayet <\/strong>d’Accuracy en Allemagne. Il faut alors faire preuve de patience et approfondir ses due diligences”.<\/p>","protected":false},"excerpt":{"rendered":"

Est-il plus ais\u00e9 de mener une fusion-acquisition en Europe ou dans les Bric ? La r\u00e9ponse n’est pas aussi nette, dans les faits. Les m\u00eames types d’obstacles peuvent surgir, dans l’une ou l’autre des zones. …Chine, Inde puis Br\u00e9sil… Cette zone se caract\u00e9rise toujours par de la croissance… contrairement \u00e0 l’Europe, qui n’est pas exclue […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[113],"tags":[177],"class_list":["post-21619","post","type-post","status-publish","format-standard","hentry","category-france","tag-news"],"acf":[],"yoast_head":"\nCapital Finance - Seule une acquisition sur quatre touche \u00e0 son terme dans les Bric - Accuracy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.accuracy.com\/en_gb\/capital-finance-seule-une-acquisition-sur-quatre-touche-a-son-terme-dans-les-bric\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital Finance - Seule une acquisition sur quatre touche \u00e0 son terme dans les Bric\" \/>\n<meta property=\"og:description\" content=\"Est-il plus ais\u00e9 de mener une fusion-acquisition en Europe ou dans les Bric ? La r\u00e9ponse n’est pas aussi nette, dans les faits. 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