Tim Allen:
The best-prepared buyer is increasingly beating the highest bidder.
Why?
Because sellers aren't just choosing a price.
They're choosing the buyer they believe can complete the transaction and deliver the value behind the offer.
Winning teams increasingly arrive with integrated diligence already underway.
Funding certainty in place.
Critical execution risks identified.
And a value creation plan tested before the deal is signed.
That's a fundamental change.
Value creation no longer starts after completion.
It starts before the transaction.
Preparation has become a competitive advantage.
In fact:
Preparation is the new price.
The question every board should ask is simple: "Can we execute with certainty and deliver value from day one?"
Because that's what wins competitive transactions.
Strategy& Partner and Deals Chief Markets Officer, PwC United Kingdom
Tel: +44 (0)7799 602349
Global Relationship Partner and UK Private Equity Leader, PwC United Kingdom
Tel: +44 (0)7711 432234