March Partnership Conversation: JV Set-Up and Launch

March 27, 2024

Establishing a Joint Venture (JV) goes beyond developing a business case and negotiating legal agreements. A key driver to the success of the JV post-close is embarking on a programmatic approach that helps set up and operationalize the legal agreements in a manner that is consistent with the business case. However, post-close activities related to setting up and launching a JV are often neglected pre-close, which can lead to deviations from initial business cases, fire drills in establishing owner-provided services, and erosion of value.

Join us on March 27th at 10:00 AM EST where we will be joined by Martin Mogstad, Head of JV & Asset Management, Americas at Ørsted to help answer some questions related to JV set-up and launch, including but not limited to:

  1. What is launch planning, when should it start, and what workstreams should companies consider while developing a launch plan?
  2. How important is launch planning to the success of the JV?
  3. What are the common sticking points while planning for launch (both internally and with the partners) and what should companies do to avoid them?
  4. How do companies decide what services to provide to operationalize the JV? How are such services priced?

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About the Speakers

Tracy Branding Pyle

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.

Shishir Bhargava

Shishir Bhargava is a Managing Director at Ankura based in Washington, DC. He advises clients on transactions and their post-deal governance in the energy, natural resources, and technology sectors. His transaction experience includes developing deal strategies, screening investments, structuring and restructuring joint ventures, and minority equity investments. He also helps companies build transaction capabilities and negotiate better outcomes. Prior to Ankura, Shishir worked at IBM where he led JV and partnership deals and at Hero MotoCorp of India, the world’s largest motorcycle manufacturer, which was established as a joint venture with Honda Motorcycles of Japan.

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