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Chicago Bar Association and SummitPoint Management LLC SPM Newswire (press release) Chicago, IL, USA – March 14, 2007 SummitPoint Management’s Founder & President, Michael Sarlitto, recently spoke at the Chicago Bar Association’s March luncheon. In his address, Mr. Sarlitto highlighted the high statistical rate of failure currently experienced in M&A transactions and the dramatic effect that incorporating an operationally-based assessment as part of a typical legal and financial due diligence can have in producing more positive transactional results. According to Sarlitto, the firm’s research indicates that in nearly 90% of the cases of failed mergers and acquisitions, the root cause leading to these failures points directly to operational issues that are undetected and/or unanalyzed as a part of typical due diligence. Using an operations-based assessment to discover, assess and account for operational risks inherent to the transaction, coupled with typical due diligence, can greatly increase the probability for M&A success. A copy of Mr. Sarlitto’s presentation can be downloaded from the SummitPoint Management website. About SummitPoint Management LLC: Chicago-headquartered business operations and management consulting firm providing operations-based due diligence and advisory services to firms seeking to assess investment risk or enhance business value in connection with mergers, acquisitions, performance improvements, turn-around and workout situations. Clientele include merger participants, institutional lenders, venture capitalists, angel investors, business owners, business brokers/buyers, investment groups and due diligence team members including attorneys, CPA firms, capital sources and financial advisors. For more information, visit our website, or call 312.441.1400. To contact Michael Sarlitto directly: msarlitto@summitpointmanagement.com. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ |
