A few weeks ago, I joined Javier in a financial modelling and valuation programme delivered by IEB for the M&A teams at Exus Renewables. An experience I shared on LinkedIn, and one that left me with a conviction I would like to explore further here. The programme combined financial modelling fundamentals with an immersive acquisition simulation. Each team analysed renewable energy projects, built valuation models and decided which assets to acquire, and at what price. I playe

A reflection on what M&A failure rates might reveal about the way we think about mergers and acquisitions. There is a paradox that has increasingly caught my attention as I have been studying mergers and acquisitions. Over the past few decades, the discipline has become remarkably sophisticated. Valuation models have grown more advanced. Due diligence processes have become more comprehensive. Deal structures now allow for increasingly refined risk allocation between the parti