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Article 19 Mar 2023 Updated 02 Jun 2023

European M&A Institute: promoting M&A Research

Nicola Mirc and Audrey Rouzies, both researchers at Toulouse School Management, along with HEC Lausanne and Lancaster University Management School, are behind the creation of the European M&A Institute (eM&Ai), wich promotes research into mergers and acquisitions in Europe.

Facilitating access to research results

In 2021, mergers and acquisitions (M&A) saw unprecedented dynamism, reaching a total value of 5,200 billion euros worldwide. However, the outcome of these deals remains uncertain, with the failure rate typically varying between 50% and 70%.

In May 2022, TSM researchers Nicola Mirc and Audrey Rouzies launched the European M&A Institute (eM&Ai). This institute was born of the desire to capitalise on the expertise of the best European researchers working on mergers and acquisitions. It brings together around fifty researchers and doctoral students based in fifteen European countries.

The Institute defends a European vision of research with very close links to companies. The aim is to carry out research in partnership with companies, to support them in their merger and acquisition strategy and to facilitate their access to research results.

A European database

Since May 2022, a survey has been carried out among European companies that carried out a merger or acquisition in 2021. 4,700 companies from 20 European countries are currently being surveyed. Analysis of the survey results will highlight current trends in mergers and acquisitions in Europe and the main concerns of acquirers, particularly in the context of the health crisis.

The survey will be repeated every year and will include new acquirers where appropriate. In this way, invaluable data will be collected on an ongoing basis, gradually building up the most comprehensive database on mergers and acquisitions in Europe.

The research carried out by the European M&A Institute covers all stages of a merger and acquisition, as well as other strategic decisions: corporate restructuring, management of business disposals and management of alliances.

The role of TSM-Research in eM&Ai

This collective initiative is supported by three founding institutions: Toulouse School of Management (TSM), HEC Lausanne and Lancaster University Management School (LUMS).

TSM Research, the Toulouse School of Management research laboratory, is one of the 3 CNRS management research laboratories in France. It brings together around fifty teacher-researchers who regularly publish the results of their research in the world's leading scientific journals in Management.

Discover the European M&A Institute