Another painful lesson from a disastrous Acquisition

News that Unicredit finally has extricated itself from its exposure in the Ukraine serves as a reminder that 'Strategic Transactions' (Acquisitions, Disposals and Mergers) need the utmost attention and best Advice. We are proud to document that we voiced serious doubts when similar acquisitions were conducted some years back (a close look at the 'Mergers and Deals' Blog entries offers a salutary lesson in Merger Hybris).
The usual suspects among the coterie of advisers (Investment Bankers, Lawyers and Accountants) may all be worth their money but they are not always on your side as they tend to have a financial incentive to make sure that a deal goes through, whatever the rationale behind it.