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Mergers and acquisitions

Mergers and acquisitions (often abbreviated as M&A) and business restructuring can be complex areas of corporate finance to navigate. On this page you can access a range of articles, books and online resources providing quick links to best practice and recent developments.

What's on this page?

  • eBooks
  • Briefings
  • Online articles
  • Useful links
  • Articles and books from the Library

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Expert help for your enquiries and research.

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Featured article

Another failed M&A
How practitioners can avoid misalignment of business models in mergers and acquisitions between small and medium-sized enterprises.

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Featured link

M&A trends report
Annual report from Deloitte on the current state of the M&A market.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Accounting and business valuation methods: how to interpret IFRS accounts

A detailed guide to the different methods of ascertaining the value of a business.

Acquisitions and disposals by listed companies

Summarises the legal and regulatory issues a listed company needs to consider when contemplating a significant corporate transaction.

BVB insights: data and analysis on UK private company multiples

Independent analysts, from BVB Ltd, have collated and interpreted transactions data involving private companies. The result is an in-depth overview of transaction multiples paid for UK private companies for the year ended December 2016 (the two previous edition are also available).

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Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.


Briefings are four-page guides from Atom Content Marketing written for the busy practitioner, director and entrepreneur providing concise, practical advice on core business issues.

Strategic acquisitions

An acquisition could increase the size and profitability of your business overnight. But an acquisition can also bring problems, draining financial and management resources from your original business.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Technical debt: is your firm underwater?

A look at the broad business and technological implications of technical debt for accounting firms and their clients. The article suggests some steps firms can take to manage technical debt.

Succession solution? Making the case for mergers and acquisitions

Advice on key issues accountancy firms need to consider before going ahead with a merger or acquisition, including client retention and whether to use a "two-stage deal". Written for a U.S. audience.

Do's and dont's of due diligence

Due diligence is essential when undertaking an accounting firm merger or sale; this article explains the business risks that need to be reviewed.

Alternative deal structures for succession

Succession possibilities for accountancy firm partners looking to retire or scale back their professional duties.

Judicial review of mergers in the EU

This article discusses the procedure that is followed during a judicial review and looks at the grounds on which a Commission decision can be challenged.

To merge or not to merge?

In preparing for a merger tough questions should be asked about hiring and firing practices, work-life balance policies, professional development and partner accountability and compensation systems.

Precedent set on statutory mergers and demergers

Changes to the mergers and demergers landscape in Argentina after the Argentinian Supreme Court issued a decision that significantly affects tax free reorganizations.

28 days later

The article focuses on the changes to the City Code on Takeovers and Mergers that took effect on 19 September 2011.

The merger dividend

During a merger, senior managers may be tempted to dictate strict assignments or hire consultants to do the heavy lifting.

How China reset its global acquisition agenda

China’s economic progress has been so dazzling that people often forget that China Inc. has seen its share of failures too.

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Useful links


Mergers and acquisitions
Articles from ICAEW's Corporate Finance Faculty, including sections on corporate transactions and takeovers.

News and trends

M&A index 2017
Deloitte report on the the M&A market over the last year.

2016 M&A outlook survey
KPMG report on the the current state of M&A, including sector analysis and predictions for the coming year.

M&A industry insights
PWC reports on the latest mergers & acquisitions broken down by sector.

Mergers and acquisitions involving UK companies
Statistical bulletin from the ONS which provides estimates of the value and numbers of mergers, acquisitions and disposals involving UK companies with values of £1 million or more.

Financial Times
The latest news from the M&A markets.

Other resources

Critical Pillars for M&A Success
Survey from Crowe Horwath LLP which looks at the practice of M&A in general and identifies some of the obstacles that are preventing M&A success.

Integrating management accounting systems in mergers and acquisitions: the role of management accountants
CIMA research paper on the integration of management accounting systems as part of the M&A process.

Cross-border acquisitions: post-acquisition considerations
PWC guidance on accounting and reporting after a cross-border acquisition.

Alliance of Merger & Acquisition Advisors (AM&AA)
International membership body for accountants, legal professionals and corporate financial professionals. Resources include an advisor directory, articles and news.

The Treasurers Handbook
Wiki-based handbook with sections on corporate finance and the latest developments for treasury professionals, plus country guides with information on national banking, regulatory and financial systems.

Articles and books in the Library collection

Selected article

Buying a business - due diligence and potential risks
Caroline Stark and Phil Fean. Accountancy Jan 2017 p1-2
Advice on due diligence concerning potential mergers and acquisitions, particularly focusing upon significant issues when planning such a move and whether a business under consideration for a merger or acquisition is subject to pending or potential litigation.

Selected books

Buying and selling private companies and businesses
S, Beswick (Bloomsbury Professional, 2014)
This title focuses on the key commercial, tax and legal issues that arise from business sales, addressing fundamental issues from the perspectives of both the seller and the purchaser. Includes template precedents and agreements.

A practitioner's guide to the City code on takeovers and mergers, 2016/17 
C. Wright et al.(Sweet & Maxwell, 2016)
This book provides practical commentary and guidance on the City of London's takeover watchdog.

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

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