Alvarez and Marsal

Human Capital M&A
Consulting Services

Leslie Nielson

Managing Director

Providing End-to-End Human Resource Consulting Support Pre- and Post-Deal

A&M balances the employee experience with minimal disruption through organizational alignment and integration of HR programs.

Our team’s services typically begin pre-deal, addressing corporate allocations and total cost of labor; extending post-close to quickly stand-up legal entities, payroll, and benefits on a global scale.

Merger Integration

Merger Integration

Services

  • Assess synergy opportunities, including both cost savings and one-time costs to support target operating model
  • Integration planning and execution assistance for HR across three stages (discovery, blueprinting, and planning)
  • Develop pro forma org chart and composition of the go-forward management team
  • Support new organization design and alignment of resources, including job title and compensation comparison
  • Support the HR function with the harmonization of payroll, insurance benefits, and 401(k); including corresponding vendors
  • Perform qualitative / quantitative cultural assessment to drive high-touch communications plan pre-close, Day-1 and post-close

Value Proposition through Deal Lifecycle

  • Enterprise Valuation: Quantify employee liabilities
  • Employment Risks: Assess wage / hour compliance
  • Outsourcing: Utilize 3rd party vendors and technology
  • HR Cost Containment: Balance cost and functionality
  • Speed to Harmonization: Swift integration of HR systems
  • Scalable Platform: Right-size corporate infrastructure
  • Future Growth: Reduce integration distraction
  • Employee Engagement: Minimize employee disruption
  • Change Management: Align organizational processes
  • Communications: Heightened messages to workforce

Carve-Outs

Carve-Outs

Services

  • Develop standalone model; provide HR labor and non-labor spend as well as one-time costs
  • Review global, corporate allocations for HR infrastructure and employee benefits
  • Advise on conveying HR liabilities, including past service obligations such as pensions and indemnity plans
  • Advise on pre-close separation options considering TSA, temporary employee lease, or PEO solutions to get to close
  • Develop a separation plan reducing employee disruption, avoiding mid-year changes to payroll and benefits
  • Support the stand-up of the HR function with the selection of HR vendors for payroll, brokerage, and 401(k) administration
  • Assist in negotiating key employee and retention agreements, as required

Value Proposition through Deal Lifecycle

  • Global Expertise: Multi-country labor law expertise
  • Valuation: Strength in validating corporate allocations
  • Bias for Simplicity: Reduced complexity vs. parent
  • Speed & Certainty: Expedited infrastructure stand-up
  • Cost Focused: Speed reduces one-time costs / turnover
  • Full-suite HR PMO: Manage all facets of HR separation
  • Dependency Focused: Coordination with IT / Finance
  • Vendor Relationships: Preferred pricing / services for PE
  • Consistent Team: Same A&M resources pre deal to post
  • Employee Engagement: Minimize employee disruption

Case Study

Case Study

CLIENT

 

Technology-Based Research Companies

A&M developed cross-functional synergies plan for labor overlaps within the companies

ROLE

  • Facilitated organizational design and talent selection
  • Developed severance, retention and communication plans to minimize loss of key personnel and ensure compliance

IMPACT

$100M

Achievement of total synergies realized in year 1 post-acquisition

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