A strategic alliance or joint venture is often an
attractive alternative to a merger or acquisition. A partnership
formed between firms can involve the mutual commitment of capital,
personnel, facilities, technologies, intellectual property or other
business resources. Many companies, particularly in the cross-border
arena, have found that an alliance or JV can fill gaps in product
capabilities, distribution channels or allow access to geographically
diverse targets. The current global environment of short product
life-cycles, low-cost production outsourcing and increased technology
specialization continue to drive strategic alliances to the top
of many corporations' strategic plans.
Knox and Co. assists its clients through all stages of a joint
venture or alliance: strategy development, target selection, partnership,
negotiation, deal structuring and closing. Our focus in this area
is on ensuring proper communication and a complete understanding
of both parties objectives to ensure a lasting structure that supports
both parties economic and strategic vision. At the same time, we
recognize that not all alliances are perfect marriages. We have
experience in coming into a JV or alliance after it has encountered
problems and supports management on restructuring or optimizing
value within its rights under an existing agreement.
|