Russian takeovers used to involve men with guns trying to pry managers out of locked offices but these days, rising valuations and red-hot competition are fuelling a boom in more civilised mergers and acquisitions (M&As).
Some owners are cashing out to fix profits after an astronomical rise in valuations. Others want to raise money for expansion or new projects. Another common reason to sell is fear of a possible political crisis during 2008’s presidential elections, when president Vladimir Putin has promised to step down. Others are buying because they believe Russia will continue its strong, fast growth. And all the activity is driving improved corporate governance and increased transparency.
