Mergers and acquisition in a people based business. Presenter Andy Blackstone, Corporate FD of M&C Saatchi plc www.CFOEvent.com

1. Mergers and acquisition in a people based business Presenter Andy Blackstone, Corporate FD of M&C Saatchi plc 15:30 - 16:05 (Keynote activity at Augusta suite)

2. How do you structure acquisitions when the key assets that you are buying leave the office every night

4. Playing on the entrepreneurial spirit

5. Could you buy the revenue

6. Set a company to do the buying only and try and get a tax deduction for the investment

9. To pass on to the next generation

11. Leave owners / level 2 managers with 20% to 40% equity

14. Can be change by agreement

15. We are now dealing with partners

16. No schedule E on equity issue to partners

17. No Employers NI

18. Partners lose employment rights, maternity pay etc.

19. Entrepreneurs relief on holding less than 5%