There’s no denying that, for management students, a talk on Mergers and Acquisitions can be both exciting and challenging to grasp. M&A by itself is quite a complex aspect of corporate strategy, corporate finance and management. But the seminar delivered by Cyprian D’ Souza from Capgemini and Ms Sangeeta Sundaram from Allcargo Logistics, was engaging and and held the EPGP class of 2012 at IIM- B in rapt attention
Mr D’Souza was formely CEO of Kanbay India and was at the helm of the affairs during Kanbay’s successful merger into Capgemini. The speaker started off by asking the audience to list down the expected take aways from the talk. After taking note of the salient takeways, the speaker embarked on the journey of sharing his first hand experince of Kanbay’s merger and the strategies and framework associated with it.
The speakers stressed that the successful M&A should not only achieve operating synergies and ﬁnancial machinations, but also realize that the human side of deal making is critical to value creation, strategic growth and sustainable business success. He cited the example of how Kanbay and Capgenimi, quite different companies in their structure, were able to successfully integrate as the M&A process was not solely driven by financial decisions but by placing a great amount of stress on understanding and channelling emotions and dynamics between all stake holders. The stake holders included not only clients but also employees of both firms. Further, Ms Sangeeta gave us her personal experience on how an employee of the merged entity can manage to survive, leverage and most importantly rise in the organisation.
The speakers went onto clarify and answer each and every question that was noted at the very start of the talk. But the icing on the cake was yet to come. At the end of the talk, the speakers sprang a surprise by asking all the framework and strategies discussed and guess what the audience in unison was able to replay all of them in no time.
It was an engaging and enjoyable session that not only gave us the frameworks for post merger integration, but also helped us understand the human values and issues that need to be attended to in the process.