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[Infographic] The Codependency of Joint Ventures

Joint ventures are a critical tool for companies to access or commercialize new technologies and capabilities, share risk, meet local regulatory requirements, gain scale, and pursue capital-light growth.

JANUARY 2022 – Most JVs can and should lean on their owner companies for a variety of support – but the benefits may come with costs, risks, and potential conflicts. Our analysis shows that over 85% of JVs depend on their owners for at least some services, with reliance often heavier at the start of the JV. Here’s our advice on managing these complex commercial relationships.



About the Authors

James Bamford

James Bamford is a Senior Managing Director and Global Leader of Ankura’s Joint Ventures & Partnerships Practice at Ankura based in Washington, DC. He joined Ankura with the firm’s 2020 acquisition of Water Street Partners, which he co-founded in 2008. Water Street Partners has been independently ranked as the number one global advisor on joint ventures since 2017. Prior to Water Street, he was global co-lead of the Joint Venture & Alliance Practice at McKinsey & Company.

Edgar Elliott

Edgar Elliott is a Senior Associate at Ankura based in New York. He works across the joint venture and partnerships landscape, from advising on joint venture transactions, through to performing governance reviews of joint ventures and reviews of companies’ JV portfolios. He has worked with companies in various geographies, including in the Middle East, Europe, and the Americas, and across different industries, including the oil and gas, healthcare, aerospace and defense, and semiconductor sectors. Edgar holds degrees from Columbia University in Chemistry and in Classics.

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