David Ernst is a Senior Managing Director at Ankura based in Washington, DC with more than 35 years of experience advising on strategy, transactions, restructuring, and governance matters. David is recognized as a global expert in the field of joint ventures. He has advised dealmakers and senior client executives across a range of industries, including oil and gas, chemicals, metals and mining, semiconductors, consumer goods, and health care. During his career, he has advised on more than 250 venture transactions in 33 countries, involving more than $300 billion in value, and has also served more than 100 existing joint ventures on governance and restructuring.
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Deal flexibility is both a blessing and a curse for JVs. Here are our tips for structuring a durable JV with a strong chance of success – and for getting to a “quick no” or a “good yes.”
Techniques to help take complex valuation issues off the table
JV negotiations are only the first battle – once a JV is established, another wave of problems awaits.
Alliances can be powerful creators of wealth – but come with no guarantee of success. Improving the odds requires a dedication to the art and craft of alliance structuring.
How great JV CEOs prepare for, run, and follow up on “big” conversations with their owners and Boards to drive change. What’s your state of readiness?
Exits from joint ventures are not always bad, but like death and taxes, they are usually unavoidable. Planning up front can make all the difference.
The potential rewards of successfully piloting a joint venture are enormous. Those who can navigate the considerable challenges should be a celebrated breed. Do you have the right stuff?
ESG partnerships are proliferating across the natural resources sector as the shift to a lower-carbon economy intensifies. We recently analyzed how these deals are being received by the market.
Without diminishing the situation, a crisis may serve as a valuable catalyst for JV owners and boards to stop debating and take action on fundamental changes to restructure and improve existing ventures.
