What's Happening?
Seven independent M&A advisory firms from Europe have formed a new alliance called 7oceans, aimed at facilitating cross-border transactions in the mid-market segment. The founding members include firms from the UK, Germany, France, Netherlands, Italy, Switzerland, and Ireland. Each firm will maintain its independence while collaborating under the 7oceans banner to enhance their international reach and effectiveness in M&A deals. This alliance comes at a time when internationalization in the M&A market is increasing, with a significant portion of transactions involving cross-border parties.
Why It's Important?
The formation of 7oceans highlights the growing trend of international collaboration in the M&A sector, driven by the need to navigate complex cross-border transactions. This alliance allows member firms to leverage a broader network, providing clients with local expertise and international reach. The move could lead to more efficient and successful M&A transactions, benefiting mid-market and family-owned businesses looking to expand or sell internationally. The collaboration also underscores the importance of cultural and linguistic understanding in global business dealings.
What's Next?
7oceans plans to expand its presence beyond Europe, targeting North America, Asia, Latin America, the Middle East, and Africa. The alliance will conduct weekly deal calls, maintain shared databases, and organize global conferences to streamline collaboration. As the alliance grows, it may attract more firms and clients, potentially reshaping the landscape of mid-market M&A advisory services. The success of 7oceans could inspire similar collaborations in other regions, further integrating the global M&A market.
