Sometimes the sum is worth more than the parts, in which case a so-called “buy and build” strategy can be interesting. In a “buy and build” strategy, growth and long-term value are realized by acquiring and merging companies. This strategy is used by both corporations and private equity firms. Or a combination of both. ‘Buy and build’ is gaining popularity because by doing acquisitions you can achieve growth targets faster than stand-alone.

A “buy and build” offers many opportunities but also has risks. It is therefore essential to carefully weigh strategic choices in advance and review the planned steps with a corporate finance advisor. This handbook gives you tools to get you started in making these trade-offs.

This short handbook covers the following topics:

• Principles of a ‘buy and build’ strategy
• Platform or cluster approach
• Value creation
• Calculation Model
• Why FBM Corporate Finance?