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Jul 9 2015 After extensive arbitration, Bristol Financial Offshore in New York are the new firm on record in a major cross-border acquisition taking place at the moment between a US telecommunications firm and a Chinese conglomerate. The transaction had been looking like failing under the management of the previous M&A firm, Allied Asset Management based out of Japan. They simply lacked the experience and resources and had never handled a transaction of this magnitude before.
“People don’t realize quite how complex even the average sized M&A transaction can be let alone a deal that requires the level of both technical expertise and human resources that this deal needs. The cross-border nature complicates matters further and simply put, completion of a deal like this requires the involvement of top professionals.” Says Jason Silverman at Bristol Offshore.
He goes on to say “Sometimes clients hire firms on the basis of lower fees but that sort of decision often leads to problems that then need to be fixed by a firm like us who charge a lot more.”
Certain types of acquisitions are always difficult but in times of financial uncertainty mixed with the cultural differences faced in these transactions, generally more time and money is required to complete the deal especially if it is a hostile acquisition.
None of these things are made any easier by the current situation in the Eurozone where fiscal woes especially in Greece could be disastrous for the economy.
Bristol Financial Offshore are a full-service financial brokerage offering a variety of different financial products to client around the world including a growing, first rate M&A business. The firm also services retail accounts all over the world both managed and non discretionary accounts. They are based in New York.