Significant capabilities premium
Potential 14.2% points increase in total annual shareholder return versus limited-fit deals. In many sectors, acquisitions that don’t focus on capabilities risk value loss.
Transaction value gets lost
$916 billion of transaction value was lost from deals with a limited fit in capabilities between the buyer and the target.
1 in 4 of the deals we analysed had a limited fit capability strategy and therefore missed the opportunity for a capabilities premium.
UK Value Creation leader, PwC UK
"By identifying the factors that can make a real difference, such as capabilities and a focus on ESG, dealmakers can put themselves in the best possible position to win the value creation race."
UK Deals Leader, PwC UK
"Optimism in the market is well-founded. The factors that are fueling the boom in deals activity, such as private equity's huge reserves of dry powder, haven't changed but well-prepared dealmakers will always take account of all angles and potential risks."