M&A Science

Build-to-Buy and Option Structures

Jun 19, 2023 · 48 min · Episode 241 · 69.6 MB
0:00-48:11

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Finn Haley, SVP, Corporate Development at Edwards Lifesciences (NYSE:EW)

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Episode Timestamps

00:00 Intro

08:53 Option structure

14:04 Exit cap

16:11 Drivers for the structure

18:28 Alignment with the strategy

20:35 Monitoring progress and milestones

22:16 Moving fast

24:08 Failed startups

26:16 Risks

30:09 Exercising the option

33:54 Why deals don't push through

38:53 Innovation

40:13 Approaching a company for the buy-to-build option structure

43:20 Craziest thing in M&A