
JV Dealmaking – When to Kick the Can Down the Road
Times you should defy standard practice by deferring resolution on issues until after the announcement, signing, or closing.
Tracy Branding Pyle is a Managing Director at Ankura who specializes in helping organizations navigate complex transactions, and, in particular, joint venture-related transactions. She works with a wide array of U.S. and international companies across industries to help them structure, negotiate, approve, and launch joint ventures to set these ventures up for success. She additionally advises on governance of individual joint ventures and portfolios of joint ventures to help companies to minimize risk, increase efficiencies, and find value. Prior to joining Ankura, Tracy practiced law at Hogan Lovells, where she advised clients on joint ventures, public and private mergers and acquisitions, and corporate governance matters. Tracy is based in Washington, DC.
View Full ProfileTimes you should defy standard practice by deferring resolution on issues until after the announcement, signing, or closing.
Marry in haste, repent at leisure. Being stuck with poorly-negotiated or outdated terms is why companies don’t like joint ventures. Isn’t it time to memorialize the learning from past mistakes?
Secondees need clear direction on who they report to and how to interact with their parent company – and to have that memorialized in an agreed role description, and reinforced in conversations and training prior to taking on the role.