In this episode, Michele Museyri, Director of M&A and Private Equity at HSP Group, shares strategies for overcoming the challenges of international carve-outs and acquisitions. She explains common pitfalls, from failing to assess the impact of local laws on expansion to overlooking employee benefits during transitions. Michele also highlights the benefits and limitations of EOR in specific markets, reinforcing the need for thorough research and expertise.
Key Takeaways:
(02:19) M&A can be an intentional growth strategy or an unexpected global expansion.
(04:11) EOR is a valuable tool for global expansion.
(05:16) In some countries, EOR is only a temporary solution, as permanent establishment follows different regulations.
(09:22) Tight deal timelines make early planning and research critical for M&A and compliance success.
(11:11) Employee benefits are one of the most overlooked yet essential factors in M&A.
(13:23) Carve-outs often involve employee benefit changes and navigating collective agreements.
(18:00) Sellers may withhold key information, making due diligence even more challenging.
(20:48) Expecting executives to understand every country’s employment laws is unrealistic.
(24:18) Every country has its own carve-out laws, and local regulations can significantly impact operations.
(34:16) Experts in the industry in the country you are expanding to can help with early paperwork or parallel processes.
(39:00) The outlook for 2025 is optimistic, with growth expected in AI, data centres and life sciences.
Resources Mentioned:
https://www.linkedin.com/in/michele-museyri/
https://www.linkedin.com/company/hsp-group-inc/
https://hsp.com/
Employer of record (EOR) solutions -
https://www.omnipresent.com/products/eor
Works councils and collective bargaining agreements -
https://www.jstor.org/stable/44862125
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