Introduction: Mergers & Acquisitions

Acquisition is the purchase of a legal entity along with all of its rights and duties.

The procedure (divestment process) leading up to a sale is often referred to as an “M&A deal” (M&A = Mergers and Acquisitions).

» MERGERS & ACQUISITION

» ACQUISITIONS

In structural terms a difference is drawn between the following:

» SHARE DEAL

» ASSET DEAL

By definition, an M&A deal may also be managed in the same way as a merger, a de-merger or an asset transfer.

Business succession within a partnership is achieved either through an asset deal or, especially in situations involving multiple partners, by a change of partner:

» CHANGE OF PARTNERS