Mergers and Acquisitions in the Housing Sector- key lessons
13/04/18I chaired a round table today with CEOs from the Housing sector. Key learnings around M and A are:-
- Align your values, it’s the glue that will hold a deal together
- Be clear as a Board about what your red lines are and when to pull out of any deal
- Have a budget for coffee and wine, successful mergers are all about communication and reassurance
- Put the future ahead of the past
- When the going gets tough, review why you are doing it and the benefits
- You will need pace, energy and a 48 hour week
- A successful merger doesn’t finish on completion, it takes years to align systems, cultures and deliver real benefits and value for money
http://www.3cconsultants.co.uk/news/mergers-in-the-social-housing-sector-why/