Merger, acquisition and divestment activity – is a source of significant value for many organisations. However, many projects can create risks, while ultimately not delivering on the initial value case. This is particularly true for divestment work, where the 'internal' experience necessary successfully to deliver divestment is very rare, leading to unwanted complexity, and delay in execution and separation.

Merger and acquisition transactions are often executed quickly, under varying legal and regulatory requirements, creating significant risk of business interruption (particularly if business units are being divested) or value dilution (for assets being acquired).