JSF Travel & Tourism School
Tel.: +34 871 15 99 83
Why choose it
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Growth Strategies: M&A vs Strategic Alliances
23-25 October 2019 I Mallorca
The travel and tourism industry faces challenging as well as exciting opportunities for growth.
Mergers & Acquisitions and Strategic Alliances offer to play an essential role in tapping into new sources of revenues, market share, and innovation.
Acquisitions and Strategic Alliances can empower travel companies to transform because they can give access to technology, disruptive products, and services as well as new areas for expansion, (such as health and wellness, excursions/tours and retail) without the company losing focus on its core competencies.
Creating a blended approach of academic theory and travel industry expertise the growth strategy programs aims to enable participants to :
- Decide which growth strategy is better considering the company’s objectives, business model and capabilities
- Design some successful M&A and/ or SA strategies that are consistent with the company’s vision, business model, and culture
- Manage the ongoing relationship
- Implement M&A and SA strategies that will deliver planned growth success
- Understand the application in travel & tourism specially
The program has been designed for executives and business leaders of travel companies who are planning to engage in growth strategies through M&A and/or Strategic Alliances.
Those working in the following areas will also benefit:
C-level executives: CEOs, Managing Directors, Corporate Directors, CFOs, Head of Corporate Finance.
Executives and managers directly or indirectly involved in acquisitions/alliance activities.
Managers with corporate development planning and finance responsibilities.
Senior Executives responsible for Growth, General Counsels, M&A and Capital Markets Directors.
Why choose it
- JSF is an educational initiative for the travel industry.
- Content: Adapted to the characteristics and challenges of the travel sector.
- Expertise: professors are seasoned practitioners in the travel industry who have succesfully implemented M&A strategies and investment bankers and consultants who work closely with travel companies.
- Methodology: lectures, case studies, class exercises, role plays and discussion panels.
- Tourism & Travel Networking
Day 1 Wednesday, 23rd of October
Session 1 Consolidation trends in the T&T market
Session 2 Defining a winning growth strategy: mergers & acquisitions vs strategic alliances
Session 3 The M&A process and key players involved
Session 4 Selecting the best target
Session 5 Ensuring an effective due diligence process
Day 2 Thursday, 24th of October
Session 1 Valuation Methods
Session 2 Negotiating of a deal: key factors for success
Session 3 Financing and Capital structure
Session 4 Contracts in M&A and Strategic Alliances
Session 5 Post-merger integration best practices
Day 3 Friday, 25th of October
Session 1 Strategic Alliances & Partnership Strategy: overview, key factors for success and models
Session 2 Selecting the best partner. Structuring the alliance
Session 3 Managing alliances: recognize pitfalls, monitor performance and readjust collaboration
Session 4 Building leadership team & management processes
Session 5 Bridging the cultural gaps
Consolidation and collaborative trends in the Travel & Tourism market
The scale has become a priority for T&T companies and further consolidation can be expected both as offensive and defensive strategic movement to drive growth, reduce business costs, and keep abreast of technological innovation. Acquisitions and collaborations through strategic alliances, can offer travel companies considerable benefits without the risk of losing focus on their core competencies.
Defining a winning growth strategy: mergers acquisitions vs strategic alliances
Although M&A has traditionally been the preferred inorganic growth option, the speed of disruption in technology and business models has made strategic alliances increasingly attractive. The session will enable you to look at both options to understand why each has its benefits, and more importantly which works better for your business.
The M&A process, timing and key players involved in the deal
This session offers an overview of a M&A operation and the different steps of the deal cycle.
Selecting the best target
Once a strategy has been defined, possible targets must be screened, ranked, and a selection made. This session will examine how to avoid costly mistakes, as well as to recognize deal breakers.
The program examines different valuation methods and how the use of technology is now enabling businesses to seek higher multiples.
Negotiation of a deal: key factors for success
This session will equip participants with the negotiation skills that will help them obtain the best deal.
Structuring and financing the deal
This session will focus on how to structure a deal and choose a financing vehicle to maximize benefits. You will also look at how to set up Clean Team, Merger Control Filings, and the fact that Conduct of Business between signing and closing might be restricted per gun-jumping rules.
Post-merger integration best practices
This session will offer the tools and best practices to integrate both organizations to ensure that growth and synergy objectives are met.
Strategic Alliances as growth drivers
Participants will learn about the power of strategic alliances to generate new business opportunities, enter new markets, acquire new skills and keep abreast of disruptive innovations.
Selecting the best partner. Structuring the alliance
This session will help participants identify the ideal partner after analyzing their corporate culture, business model, risk and innovation appetites, skills, viability and readiness for an alliance.
Buildings leadership team & management processes
Once the appropriate partner fit has been found and the structure is designed, the implementation of a strategic alliance is not an easy task. Good leadership and clear management processes are essential to promote collaboration and growth.
Bridging the cultural gaps
This session explores successful strategies to manage cultural differences, especially relevant in long-term alliances.
What happens after the alliance if formed? Managing alliances
Participants will examine potential pitfalls that can jeopardize the alliance’s success and how to readjust collaboration as circumstances change. The session will also cover renegotiation of terms and resolution of conflicts.
Alex Luzarraga is Vice President Corporate Strategy, Amadeus. Alex has the global responsibility of proposing, aligning and co-ordinating the global strategy of the company. This includes a number of activities from carrying out analysis and studies on specific sectors and companies to execute the right partnerships, ventures and M&A activity. Alex also has the direct responsibility over the company’s long term product strategy.
Alfredo Riera is Managing Director, Rothschild. Alfredo has 14 years of corporate finance experience advising on mergers and acquisitions, capital markets transactions (both equity and debt), across a number of sectors and with special focus on energy. leisure, travel and hospitality. Alfredo joined Rothschild & Co in 2005. He previously worked from ABN AMRO and Uría y Menéndez.
Avi Goldberg is Managing Director & Hospitality Lead, Rothschild Avi is global head of the bank’s hotels and leisure franchise, covering hotels, tour operators, eating and drinking, gaming and entertaining and has 29 years Investment Banking experience. He has advised on numerous transactions across most sectors including consumer goods, leisure, retail, industrials, financial services, technology and automotive ranging from large complex multi-billion dollar transactions to smaller $100m transactions. Avi began his career as a chartered accountant at Coopers & Lybrand.
Andreas Scriven is Partner and Head of Hospitality & Leisure for Deloitte. He has extensive consultancy and M&A experience across the UK, Europe, the Middle East and Africa. He also sits on the board of directors of STR, the leading benchmark data provider in the hotel industry. He is graduate of Cornell’s School of Hotel Administration.
Toni Raurich started his working career in a venture capital firm, he then moved to a product role at Grupo Intercom for 5 years. His most recent role was Head of Ventures at Booking.com. Toni is pursuing a post graduate degree in Statics.
Paul Herrick was appointed Managing Director, Human Resources for EMEA in April 2007, with responsibility for the HR function across the European Markets. Prior to joining Burson Marsteller, Paul was Senior Manager of HR at Amadeus. Paul now runs his own consultancy focusing on cultural changes and transformation within organisations.
Raúl Portela is currently the Co-founder of Chicmobilia, a luxury development company for residential real estate in prime locations across Madrid. He was the Managing Director at Morga Stanley Investment Banking Division, leading the FIG teams in Iberia. Mr. Portela has over 19 years of experience in investment banking and has worked in more than fifty successfully completed M&A and capital markets transactions. Prior Morgan Stanley, Mr. Portela also worked at Deutsche Bank. He holds an MSC in economics at ICADE .
Duration: 3 days
Next Start: 23-25 October 2019 in Mallorca
Tuition Fee: €2.900 including sessions, coffee breaks, lunches and materials
Location: Crowne Plaza Blackfriars, London
How to Apply: To Apply for the program please send us the complete application form or email us at email@example.com . Upon admission, 20% of the fee must be paid. Full payment is due 30 days before the start of the program.
Guest Speakers: JSF Travel & Tourism School brings together some of the sharpest minds in the industry to discuss the trends, challenges , and future of the travel and tourism industry. Participants receive useful insights from wolrd-class leaders. It is a unique opportunity, to learn about innovative ideas that can be put into profitable action. Key speakers from industry for this program include Amadeus, Hotelbeds as well as Herbert Smith Freehills.
JSF Travel & Tourism School
Tel.: +34 871 15 99 83