Lezi zindlela zokuthambekela kumele ziqashelwe ngo-2023, lapho ikhono lemboni yokupakisha nokunyathelisa lokumelana nokwehla kwamandla omnotho lizovivinywa khona.
Umsebenzi we-M&A emkhakheni wokupakisha nokuphrinta uzokhula kakhulu ngo-2022, naphezu kokwehla kwenani lesivumelwano semakethe ephakathi nendawo. Ukukhula komsebenzi we-M&A kubangelwa kakhulu yizici eziningana ezibalulekile - ukuqina nokuqina kwemboni yokuphrinta ukupakisha, ukwanda kwezentengiselwano ze-e-commerce okuqhuba ukwanda kwesidingo sezixazululo zokuphrinta ukupakisha, ukwanda okuqhubekayo kokuhweba komhlaba wonke kanye nokukhula kwezimakethe ezisafufusa.ibhokisi likashokoledi eduze kwami
Ezinsukwini ezimbalwa ezedlule, uScott Daspin, umqondisi webhange lokutshalwa kwezimali eTriad Securities, kanye noPaul Marino, inhloko yeqembu le-Sadis & Goldberg le-private equity, babelane ngolwazi lwabo lobuchwepheshe kanye nokuqonda ngesikhathi esidlule, isimo samanje kanye namathemba embonini yokupakisha nokunyathelisa.
Bobabili banolwazi oluningi kanye nolwazi embonini, kanti uDaspin unomlando ocebile wokuthuthukisa ubudlelwano obusha kanye nokuhlonza nokuvala ukuthengiselana okuphumelelayo, kuyilapho uMarino egxile ekusebenzeni kwezinsizakalo zezezimali, umthetho wezinkampani kanye nezezimali zezinkampani futhi enikeza ulwazi mayelana nezitayela zezimboni, imibono ebalulekile embonini yokupakisha kanye nokuphrinta, umthelela wayo emsebenzini we-M&A wesikhathi esizayo, nokuningi.ibhokisi lamakhukhi e-chocolate chip
Izabelo ezizimele zizobiza cishe u-54% wemisebenzi yokupakisha nokuphrinta ngo-2022. Kungani?
IMarino: Njengoba kuqhubeka nokubaluleka kokunyathelisa amaphakheji, akumangazi ukuthi imali idonseleke kule mboni. Abasebenzi abaningi emakethe ephakathi baphethwe yimindeni, okusiza ekuthuthukiseni ukusebenza kahle. Abatshalizimali bayaqaphela ukubaluleka kanye nekhono lokukhula kwemboni ekhonza izimboni ezahlukahlukene, kusukela ekudleni naseziphuzweni kuya ezimpahleni zabathengi kanye nemithi.amabhokisi okuqoqa imali kashokoledi
Ingabe kukhona amasu asetshenziswa yizinkampani ezizimele ukuze zakhe inani futhi kuzuzwe ukukhula?
I-Daspin: Izinkampani ezizimele zenza uphawu lwazo embonini yokunyathelisa ukupakisha ngokusebenzisa isu 'lokuthenga nokwakha'. Lokhu kuhilela ukuthola iphothifoliyo yezinkampani embonini efanayo noma ehlobene bese zihlanganiswa futhi zihlanganiswe ukuze kudalwe ibhizinisi elikhulu, elisebenza kahle futhi elincintisanayo. Ngenxa yemvelo yomkhakha wokupakisha nokushicilela ohlukaniswe ngokwezigaba, kunezinkampani eziningi ezincane neziphakathi nendawo, futhi kunezinkampani ezimbalwa ezinkulu. Abatshalizimali bangathola izinkampani eziningi futhi bazihlanganise ukuze bafinyelele umnotho omkhulu, banciphise izindleko, futhi bakhiqize inzuzo ephezulu.ingxube yebhokisi lebhokisi le-chocolate lab
Ngo-2023, umqondo wokulwa nokwehla komnotho wemboni yokupakisha nokunyathelisa uzohlolwa. Yiziphi izitayela ezifanele ukunakwa?ibhokisi likashokoledi likaKhisimusi
UMarino: Umthetho wesithathu kaNewton wokunyakaza uthi “kuyo yonke into eyenziwayo, kukhona ukusabela okulinganayo nokuphambene.” Lo mqondo ufana nomjikelezo webhizinisi. Eminyakeni emibili edlule, ukujabula kobhubhane kuye kwalinganiswa umbono ongenathemba kakhulu ka-2023.
Kodwa-ke, ukungaqiniseki kwezomnotho omkhulu cishe kuzoba nomthelela omkhulu embonini yokupakisha ngonyaka ozayo. Ngenxa yokungezwani kwezepolitiki okuqhubekayo, inqubomgomo yokuhweba yomhlaba wonke eshintshashintshayo, kanye nombono wezomnotho ongaqinisekile, izinkampani eziningi zingakhetha ukulibazisa ukutshalwa kwezimali nokunciphisa ukusetshenziswa kwemali ekupakisheni. Lokhu kungaholela ekudingweni okuhamba kancane kwezinto zokupakisha, okuthinta ukukhula kwemboni. Ngaphezu kwalokho, uma amabhizinisi eqala ukuqaphela ngesabelomali sawo, angaphendukela ezixazululweni zokupakisha ezonga izindleko, ezingase ziphonsele inselelo ukusungula izinto ezintsha kanye nokuthuthukiswa kobuchwepheshe obusha bokuphrinta ukupakisha.amabhokisi kashokoledi kaKhisimusi
Kodwa-ke, umlando usikisela ukuthi imboni yokupakisha nokunyathelisa kufanele ihlale iqinile. Ukukhula okusheshayo kwezentengiselwano ze-e kanye nokwanda okubangelwa ukulethwa ekhaya kuzoqhuba isidingo sezixazululo ezintsha zokupakisha ezivikela futhi zilondoloze imikhiqizo ngesikhathi sokuthutha.
Ngaphezu kwalokho, njengoba abathengi beqaphela kakhulu umthelela wokupakisha endaweni ezungezile, isidingo sezinto zokupakisha eziqhubekayo kanye nezixazululo sizokhula. Ukwanda okuqhubekayo kokuhweba komhlaba wonke kanye nokukhula kwezimakethe ezisafufusa kuzodala amathuba amasha embonini yokupakisha ukuze ikhonze amakhasimende amaningi kanye nezimboni.ibhokisi likashokoledi omnyama
Ingabe ezinye zezivumelwano oye wahileleka kuzo ngonyaka odlule zinokuthile okufanayo?
UDaspin: Iningi lamadili ami okunyathelisa amaphakheji lihilela amabhizinisi omndeni anenzuzo futhi azimele ngokwezimali. Umnikazi wendlu ojwayelekile ufuna indlela yokushintshela emhlalaphansi noma ufuna nje ithuba lokuthola imali, futhi abathengisi bavame ukuba ne-85% noma ngaphezulu yenani labo elihlobene nebhizinisi labo.ibhokisi likashokoledi le-forest gump
Ngokuthakazelisayo, umuntu onikeza ibhidi eliphezulu kakhulu akuyona ikhambi elingcono kakhulu ngaso sonke isikhathi: Abathengisi bavame ukubeka phambili ukusebenza nabathengi abazogcina inkampani iqhubeka ngemuva kokuthengisa. Isibonelo, abathengisi bavame ukwenqaba amabhidi okuqala aphezulu avela kubathengi bezezimali, bakhetha ukusebenza nabathengi abazimele abasekelwe yi-equity abanikeza amanani ancintisanayo kodwa ithuba lokutshala kabusha amanye amasheya abo futhi bahlale behilelekile ngenkuthalo Izinkampani, ngendlela yokuhlela ukulandelana. Ngenxa yalokho, isikhathi sami esiningi kulesi sivumelwano ngisichithe ngizama ukufanisa umphumela ofiswa umthengisi nomphumela ofiswa umthengi ohlangabezana nalezo zidingo.ushokoledi ofakwe ebhokisini likaGodiva
Ngo-2022, umkhuba wezifundazwe eziningi zase-US wokwenza imithetho yomthwalo wemfanelo wabakhiqizi onwetshiwe uyaqhubeka. Iyini le mithetho futhi isho ukuthini ezinkampanini zokunyathelisa amaphakheji?
IMarino: Ngemva kwezinyathelo ezithathwe ozakwabo e-Oregon naseMaine ngo-2021, abenzi bomthetho eCalifornia naseColorado basungula imithetho ye-EPR eyenzelwe ukusiza ekunciphiseni imfucuza evela ekupakisheni nasezitsheni. Lezi zindleko, nakuba zingafani, zidinga abakhiqizi abakhulu bokupakisha nezitsha ukuze bakhokhele izindleko ezihambisana nokuqoqa nokulahla imikhiqizo yabo. Ngaphezu kwalokho, bazibekele imigomo yokukhuthaza abakhiqizi ukuthi basebenzise ukupakisha nezinto zokwakha ezihlala isikhathi eside. Iningi lemithetho emisha lidinga futhi izinkampani ukuthi zinikeze ulwazi mayelana nokusetshenziswa kabusha kokupakisha kwazo futhi zihlinzeke ngezinhlelo zokuqoqa zokuphinda zipake.ibhokisi elikhulu lamatshokolethi
Yisiphi iseluleko onaso kubathengisi abangaba khona ngemva kokuvalwa kokuthengiselana?
Daspin: Ngokuyinhloko ukuqinisekisa ukuthi bayayiqonda indima yabo yesikhathi esizayo enkampanini kanye nemithwalo yabo yemfanelo kubathengi. Abanye abanikazi bamabhizinisi kungenzeka ukuthi abakaze basebenzele muntu ngaphambili, ngakho-ke kungabathatha isikhathi ukufunda ngezakhiwo ezintsha zenkampani noma izidingo zokubika. Futhi, njengoba abasebenzi benkampani bevame ukungazi ngesivumelwano kuze kube yilapho sivalwa, ngincoma ukuthi bazinike isikhathi sokuqonda ukuthi umphumela wokuthengisa uzobathinta kanjani abasebenzi babo.
Kufanele futhi bazi ukuthi bangaxhumana kanjani nabaphakeli namakhasimende ngemva kokuthengiselana. Umkhuba ophumelelayo I'Ngibonile ukuthi ukudlulisa izimemezelo ngezinsuku ezingama-20-30 ukuze abathengisi bakwazi ukudlulisa umyalezo wabo ngaphambi kokuba ababambiqhaza babo bawuzwe kweminye imithombo. Ngicabanga ukuthi kubalulekile ukuqonda ukuthi uthini umyalezo wakho nokuthi ungathini kubasebenzi bakho, amakhasimende kanye nabaphakeli.
Ingabe kukhona izinkinga zomthetho okumele zixoxiswane ngazo ekuthengweni noma ekuthengisweni ngempumelelo kwenkampani yokunyathelisa amaphakheji?
IMarino: Ukuthengwa nokuthengiswa kwebhizinisi kuyisivumelwano esibaluleke kakhulu umnikazi webhizinisi angakwenza, esincintisana kuphela ngokuhlela kokuqala noma ukuvalwa kwebhizinisi. Bonke abadlali ababandakanyeka ekuhlolweni kwezezimali nezomthetho bashintshe kakhulu, okwenza lezi zivumelwano zibe nzima futhi zibe nzima. Nakuba zingaqondile ekushintshisaneni kokupakisha, ezinye izinto, njengezinkontileka zamakhasimende, umhlinzeki kanye nabasebenzi, zidinga ukuhlolwa okwengeziwe enkambisweni yokuthenga inkampani yokupakisha.
Isikhathi sokuthunyelwe: Juni-13-2023
