Birds Eye View
As business travel and face-to-face interactions took a dive this year, the ability to properly analyze, audit or see what other people, businesses and/or schools are up to is more difficult than ever. For the Merger & Acquisition industry, the inability to go inspect or view factories, offices and headquarters has created a serious headache for all involved.
Bankers at Goldman Sachs have found a way to solve this problem without the need of having a physical presence to complete the same, billion-dollar tasks they are assigned to do. The use of flying drones has come in to save the day which gives companies the opportunity to analyze and see exactly what they are bidding on without the need of an in-person meeting.
It is being said that out of the hundreds of transactions that Goldman Sachs advised on during the pandemic, over 95% of them were completed without any face-to-face interaction. The use of flying drones in combination with powerful teleconferencing tools such as Zoom, Microsoft Teams and Slack has helped make this all possible.
These drones have provided advantages for bidders, sellers and advisors on a variety of levels. Now that each tour is in video-format, advisors can send the clips out to more potential bidders as they don’t need to schedule a formal meeting or presentation. This boosts the chances that a match will be found for aspiring sellers. According to DeaLogic, deal announcements jumped 152% in the third quarter to $1.13 trillion.
The world is changing in front of our eyes. Keep them open!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
