Companies today must keep up with new market forces including pressures to become more sustainable, supply chain issues, increased inflation, new regulatory requirements, and changes in consumer preferences. In many cases, companies are forming partnerships to adapt to this changing world. But many of these partnerships – which in some cases are critical to the strategies and future viability of companies – are far from “traditional” partnerships between established peer companies or duplicates of prior deals. Instead, they are among partners who have critical differences. They may be in vastly different industries. They may be different in terms of size, maturity, or ability to fund the joint venture. They may have different skills, technologies, risk tolerances, and/or cultures. In this online briefing, Ankura will discuss non-traditional partnerships: what they are, forces driving companies to form these ventures, challenges of such partnerships, and, most importantly, some best practices for entering into and governing these important but challenging collaborations.
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