The Half-Trillion-Dollar Footnote: The Joint-Venture Exposure Hiding in Plain Sight
500 billion dollars across 50 companies isn’t hidden from the market. The rating agencies found it. The forensic analysts found it. A teenager in Barcelona found it.
Audrey Vitalo is a Senior Director at Ankura, based in New York. She advises clients on all elements of the partnership lifecycle, including deal strategy, transaction structuring, ongoing governance, and restructuring and exit, with a focus on the energy and natural resources and technology industries.
500 billion dollars across 50 companies isn’t hidden from the market. The rating agencies found it. The forensic analysts found it. A teenager in Barcelona found it.
Sustainability partnerships often are wrapped in a twine of financial, commercial, and operational flows and interactions • They may be a lifeline or a noose.
Here are 10 potential ways to achieve a 50:50 ownership split, even when the JV partners’ contributions are inherently unequal.
Highlights from Ankura’s latest JV CEO Roundtable on how the right governance system allows JVs to evolve over time, including discussions with the CEOs of Syncrude and Global Hotel Alliance
Pursuing innovation often requires a JV to make investments, potentially including acquisitions and minority investments, in domains that are not explicitly defined within the company’s authorized scope, and to secure funding from owners, which may have other capital needs, low risk tolerance, or insufficient understanding of the market to make such investments. What are JVs to do?