Foreign Legion needs local record to succeed

Article Abstract:

Foreign investment companies should ensure they have a local office and personnel with local expertise to carry out successful deals in France. Many French management teams do not understand buyouts therefore they are more reluctant to undertake a buyout than in similar situations in the UK. Some procedures, such as due diligence, differ in France and therefore deals are more time consuming. The public are also cautious of private equity investment. Many private investment companies have already opened offices in France despite the slow buyout market.

Acquisitions Analysis-Foreign, Management, Investment companies, Management buyouts, Foreign business enterprises

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Unlocking the treasure chest

Article Abstract:

France is the second-largest leveraged buyout market in Europe. However, there is considerable potential for further expansion, as highlighted by the fact that the volume of leveraged buyout activity as a proportion of gross domestic product is four times higher in the UK than in France. There are indications that government intervention in business is diminishing, and very large domestic mergers have been approved. Conditions have become more favourable for deals in France, and this means that competition for transactions is becoming fiercer.

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French trolley dash pre-empts Walmart

Article Abstract:

French retail firms are set for a time of consolidation in late 1999 after the announcement of US retail organisation Walmart's plan to buyout UK supermarket chain Asda for $10 billion. A 15.6 billion euro merger has been announced by Promodes and Carrefour in an effort to provide greater protection from the US threat, which is expected to target France first. The $88 billion merger between Mobil and Exxon has been given the go ahead by the European Union which investigated the planned deal.

Mergers, acquisitions and divestments, Retail industry, Retail trade, Wal-Mart Stores Inc., Investments, XON, Exxon Mobil Corp., Mobil Corp., MOB

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