Post-merger integration
Independent counsel to the chairman, after the acquisition has been made.
Kizuna PMI helps Japanese companies protect the value of their UK and European acquisitions after completion.
Value is lost after signing, not at it
The terms were right. The diligence was thorough. Then, quietly, the acquired business begins to drift. Reporting slows and thins. Decisions that should take a week take a quarter. The people who made the company worth buying start to leave.
Most of the value a Japanese acquirer expects from a UK or European business is won or lost in the eighteen months after completion, in a company a continent away, run by people who raise problems differently from how the board might expect to hear them.
By the time the numbers show it, the trust that would have fixed it has usually gone.
What we do
Board and leadership alignment
Advisory to the chairman and chief executive. Aligning the acquiring board with the executive team of the acquired company, and keeping the channel between them open and transparent.
Integration design and delivery
Pre-completion planning, the first hundred days, integration governance, and reporting frameworks that give the board what it actually needs to see.
Independent assessment
Integration health checks, post-acquisition performance reviews, synergy validation, and early sight of the risks nobody has escalated yet.
Reset and resolution
Rescue of integrations that have stalled, and mediation where the relationship between owner and management has broken down.
Independent, and nothing else
Kizuna PMI earns no transaction fee, holds no audit relationship, and does not place interim managers. We are engaged by the chairman, we report to the chairman, and we have no reason to tell the chairman anything other than precisely what is happening.
That independence is the service. Everything else follows from it.
Founder
Paul Dolan
Paul Dolan spent more than twenty-five years in global financial markets with Nomura, DE Shaw and Barclays, based in London, Hong Kong and Tokyo, and served as joint head of Asia Pacific equities at Nomura. He went on to serve as chief executive and chairman of a listed international group operating across Africa and Europe. He has experience of sitting on both sides of the relationship Kizuna PMI exists to protect.
Where we work
- Japan
- United Kingdom
- Europe
Kizuna PMI Limited is registered in England and Wales, and works between London and Tokyo.
An introduction, in confidence
Most engagements begin with a private conversation about a situation that has not yet been written down. Nothing discussed in it leaves it.