Description: When PPR, the French owner of Gucci, sold a stake in its African distributor CFAO in August, it didnâ€™t use an investment bank to handle the transaction. Instead, the company turned to an in-house mergers-and-acquisitions team led by a former France Telecom (FTE) M&A executive. â€œWhen we can, we do it on our own,â€ says group managing director Jean-FranÃ§ois Palus.
Date: Nov 21, 2012
Questions for Discussions:
- What is the recent history of M&A?
- What are the advantages and disadvantages of using in-house management?
- Do you think there might be a general rule that can suggest when it is best to go one way or the other?