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<\/div>

M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3068\u306f\uff1f<\/h2>\n

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M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306e\u7279\u5fb4<\/h3>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306f\u3001\u5358\u306a\u308b\u4ef2\u4ecb\u8005\u3068\u306f\u4e00\u7dda\u3092\u753b\u3059\u3044\u304f\u3064\u304b\u306e\u7279\u5fb4\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002<\/b><\/span>\u7b2c\u4e00\u306b\u3001M&A\u3092\u7d4c\u55b6\u6226\u7565\u306e\u4e00\u90e8\u3068\u3057\u3066\u6349\u3048\u308b\u6226\u7565\u7684\u306a\u8996\u70b9\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002<\/p>\n

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M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306e\u5e73\u5747\u5e74\u53ce<\/h3>\n

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\u7acb\u5834\u3068\u95a2\u4e0e\u7bc4\u56f2\u306e\u9055\u3044<\/h3>\n

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\u4e00\u65b9\u3001M&A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\uff08FA\uff1a\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\uff09\u306f\u3001\u58f2\u308a\u624b\u304b\u8cb7\u3044\u624b\u306e\u3069\u3061\u3089\u304b\u4e00\u65b9\u306e\u5c02\u4efb\u4ee3\u7406\u4eba\u3068\u3057\u3066\u3001\u53d6\u5f15\u4fa1\u683c\u306e\u6700\u5927\u5316\u306a\u3069\u3001\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306e\u5229\u76ca\u3092\u6700\u5927\u5316\u3059\u308b\u3053\u3068\u306b\u7279\u5316\u3057\u3066\u6d3b\u52d5\u3057\u307e\u3059\u3002\u95a2\u4e0e\u7bc4\u56f2\u306f\u3001\u4e3b\u306b\u53d6\u5f15\u306e\u6210\u7acb\uff08\u30af\u30ed\u30fc\u30b8\u30f3\u30b0\uff09\u307e\u3067\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u696d\u52d9\u9818\u57df\u306e\u6bd4\u8f03<\/h3>\n

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\u5bfe\u3057\u3066M&A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u306f\u3001\u5177\u4f53\u7684\u306aM&A\u6848\u4ef6\u306e\u5275\u51fa\uff08\u30aa\u30ea\u30b8\u30cd\u30fc\u30b7\u30e7\u30f3\uff09\u304b\u3089\u3001\u4ea4\u6e09\u3001\u5951\u7d04\u66f8\u985e\u306e\u4f5c\u6210\u652f\u63f4\u3068\u3044\u3063\u305f\u3001\u53d6\u5f15\u5b9f\u884c\u306e\u5c40\u9762\u306b\u5f37\u307f\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u3069\u3061\u3089\u304c\u826f\u3044\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u306a\u304f\u3001\u4f01\u696d\u306e\u30cb\u30fc\u30ba\u306b\u3088\u3063\u3066\u9078\u629e\u3059\u3079\u304d\u5c02\u9580\u5bb6\u304c\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n\n\n\n\n\n
\u89b3\u70b9<\/th>\nM&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8<\/th>\nM&A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\uff08FA\uff09<\/th>\n<\/tr>\n<\/thead>\n
\u4e3b\u306a\u7acb\u5834<\/td>\n\u7d4c\u55b6\u6226\u7565\u306e\u30d1\u30fc\u30c8\u30ca\u30fc<\/td>\n\u58f2\u308a\u624b\u307e\u305f\u306f\u8cb7\u3044\u624b\u306e\u4ee3\u7406\u4eba<\/td>\n<\/tr>\n
\u4e3b\u76ee\u7684<\/td>\n\u7d4c\u55b6\u8ab2\u984c\u306e\u89e3\u6c7a\u3001\u4f01\u696d\u4fa1\u5024\u306e\u5411\u4e0a<\/td>\n\u53d6\u5f15\u306e\u6210\u7acb\u3001\u4f9d\u983c\u8005\u306e\u5229\u76ca\u6700\u5927\u5316<\/td>\n<\/tr>\n
\u95a2\u4e0e\u671f\u9593<\/td>\n\u6226\u7565\u7b56\u5b9a\u304b\u3089\u7d71\u5408\u5f8c\uff08PMI\uff09\u307e\u3067<\/td>\n\u6848\u4ef6\u5316\u304b\u3089\u53d6\u5f15\u6210\u7acb\u307e\u3067<\/td>\n<\/tr>\n
\u5f37\u307f<\/td>\n\u6226\u7565\u7acb\u6848\u3001PMI<\/td>\n\u4ea4\u6e09\u3001\u4fa1\u683c\u7b97\u5b9a\u3001\u624b\u7d9a\u304d\u5b9f\u884c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306b\u5fc5\u8981\u306a\u8cc7\u683c<\/h2>\n

\u307e\u305a\u7d50\u8ad6\u304b\u3089\u304a\u4f1d\u3048\u3059\u308b\u3068\u3001M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3068\u3057\u3066\u6d3b\u52d5\u3059\u308b\u305f\u3081\u306b\u3001\u6cd5\u5f8b\u3067\u5b9a\u3081\u3089\u308c\u305f\u5fc5\u9808\u306e\u56fd\u5bb6\u8cc7\u683c\u306f\u5b58\u5728\u3057\u307e\u305b\u3093\u3002<\/b><\/span>\u5f01\u8b77\u58eb\u3084\u516c\u8a8d\u4f1a\u8a08\u58eb\u306e\u3088\u3046\u306b\u3001\u305d\u306e\u8cc7\u683c\u304c\u306a\u3051\u308c\u3070\u7279\u5b9a\u306e\u696d\u52d9\u3092\u884c\u3048\u306a\u3044\u300c\u696d\u52d9\u72ec\u5360\u8cc7\u683c\u300d\u3067\u306f\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u8ab0\u3067\u3082\u7c21\u5358\u306b\u52d9\u307e\u308b\u4ed5\u4e8b\u3068\u3044\u3046\u610f\u5473\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002M&A\u306f\u8ca1\u52d9\u3001\u6cd5\u52d9\u3001\u7a0e\u52d9\u3001\u7d4c\u55b6\u6226\u7565\u3068\u3044\u3063\u305f\u6975\u3081\u3066\u9ad8\u5ea6\u3067\u5e83\u7bc4\u306a\u5c02\u9580\u77e5\u8b58\u3092\u8981\u6c42\u3055\u308c\u308b\u305f\u3081\u3001\u8cc7\u683c\u304c\u306a\u3044\u304b\u3089\u3053\u305d\u3001\u500b\u4eba\u306e\u80fd\u529b\u3084\u5b9f\u7e3e\u3001\u305d\u3057\u3066\u5c02\u9580\u6027\u3092\u5ba2\u89b3\u7684\u306b\u8a3c\u660e\u3059\u308b\u3082\u306e\u304c\u91cd\u8996\u3055\u308c\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u591a\u304f\u306e\u512a\u79c0\u306a\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306f\u3001\u3053\u308c\u304b\u3089\u3054\u7d39\u4ecb\u3059\u308b\u3088\u3046\u306a\u96e3\u95a2\u8cc7\u683c\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u306e\u304c\u5b9f\u60c5\u3067\u3059\u3002<\/p>\n

M&A\u696d\u52d9\u3067\u9ad8\u304f\u8a55\u4fa1\u3055\u308c\u308b\u5c02\u9580\u8cc7\u683c<\/h3>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u304c\u4fdd\u6709\u3057\u3066\u3044\u308b\u3068\u3001\u305d\u306e\u5c02\u9580\u6027\u3084\u4fe1\u983c\u6027\u304c\u683c\u6bb5\u306b\u9ad8\u307e\u308b\u8cc7\u683c\u304c\u3042\u308a\u307e\u3059\u3002<\/b><\/span>\u305d\u308c\u305e\u308c\u306e\u8cc7\u683c\u304c\u3001M&A\u306e\u3069\u306e\u5c40\u9762\u3067\u6d3b\u304b\u3055\u308c\u308b\u306e\u304b\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n

\u516c\u8a8d\u4f1a\u8a08\u58eb<\/h4>\n

\u516c\u8a8d\u4f1a\u8a08\u58eb\u306f\u300c\u4f1a\u8a08\u30fb\u8ca1\u52d9\u300d\u306e\u6700\u9ad8\u5cf0\u306e\u5c02\u9580\u5bb6\u3067\u3059\u3002M&A\u306e\u30d7\u30ed\u30bb\u30b9\u306b\u304a\u3044\u3066\u3001\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306e\u8ca1\u653f\u72b6\u614b\u3084\u53ce\u76ca\u6027\u3092\u8a73\u7d30\u306b\u8abf\u67fb\u3059\u308b\u300c\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u300d\u3084\u3001\u4f01\u696d\u306e\u9069\u6b63\u306a\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b\u300c\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\uff08\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff09\u300d\u306f\u6839\u5e79\u3068\u306a\u308b\u696d\u52d9\u3067\u3059\u3002<\/p>\n

\u516c\u8a8d\u4f1a\u8a08\u58eb\u306e\u6301\u3064\u8ca1\u52d9\u8af8\u8868<\/a>\u3092\u6df1\u304f\u8aad\u307f\u89e3\u304f\u80fd\u529b\u306f\u3001\u3053\u308c\u3089\u306e\u696d\u52d9\u3067\u76f4\u63a5\u7684\u306b\u6d3b\u304b\u3055\u308c\u3001\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u304c\u9069\u5207\u306a\u7d4c\u55b6\u5224\u65ad\u3092\u4e0b\u3059\u305f\u3081\u306e\u571f\u53f0\u3092\u7bc9\u304d\u307e\u3059\u3002<\/p>\n

\u5f01\u8b77\u58eb<\/h4>\n

\u5f01\u8b77\u58eb\u306f\u300c\u6cd5\u52d9\u300d\u306e\u5c02\u9580\u5bb6\u3067\u3059\u3002M&A\u306f\u3001\u682a\u5f0f\u8b72\u6e21\u5951\u7d04\u3084\u5408\u4f75\u5951\u7d04\u3068\u3044\u3063\u305f\u591a\u6570\u306e\u5951\u7d04\u884c\u70ba\u306b\u3088\u3063\u3066\u6210\u308a\u7acb\u3063\u3066\u3044\u307e\u3059\u3002\u5f01\u8b77\u58eb\u306f\u3001\u3053\u308c\u3089\u306e\u5951\u7d04\u66f8\u306e\u4f5c\u6210\u3084\u30ec\u30d3\u30e5\u30fc\u3092\u901a\u3058\u3066\u3001\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306b\u6cd5\u7684\u306a\u30ea\u30b9\u30af\u304c\u306a\u3044\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002\u307e\u305f\u3001\u4f01\u696d\u306e\u6cd5\u52d9\u5168\u822c\u306e\u554f\u984c\u70b9\u3092\u6d17\u3044\u51fa\u3059\u300c\u6cd5\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u300d\u3082\u62c5\u5f53\u3057\u3001M&A\u306e\u5b9f\u884c\u3092\u6cd5\u7684\u306a\u5074\u9762\u304b\u3089\u5805\u56fa\u306b\u652f\u3048\u308b\u6b20\u304b\u305b\u306a\u3044\u5b58\u5728\u3067\u3059\u3002<\/p>\n

\u7a0e\u7406\u58eb<\/h4>\n

\u7a0e\u7406\u58eb\u306f\u300c\u7a0e\u52d9\u300d\u306e\u5c02\u9580\u5bb6\u3067\u3059\u3002M&A\u306f\u3001\u7528\u3044\u308b\u624b\u6cd5\uff08\u30b9\u30ad\u30fc\u30e0\uff09\u306b\u3088\u3063\u3066\u3001\u58f2\u308a\u624b\u3084\u8cb7\u3044\u624b\u306b\u8ab2\u3055\u308c\u308b\u7a0e\u91d1\u304c\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u7a0e\u7406\u58eb\u306f\u3001\u7d44\u7e54\u518d\u7de8\u7a0e\u5236\u306a\u3069\u306e\u8907\u96d1\u306a\u7a0e\u6cd5\u77e5\u8b58\u3092\u99c6\u4f7f\u3057\u3001\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306b\u3068\u3063\u3066\u7a0e\u8ca0\u62c5\u304c\u6700\u3082\u8efd\u304f\u306a\u308b\u3088\u3046\u306a\u6700\u9069\u306a\u30b9\u30ad\u30fc\u30e0\u3092\u8a2d\u8a08\u3057\u307e\u3059\u3002M&A\u306e\u5b9f\u884c\u306b\u4f34\u3046\u7a0e\u52d9\u30ea\u30b9\u30af\u3092\u4e8b\u524d\u306b\u628a\u63e1\u3059\u308b\u300c\u7a0e\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u300d\u306b\u304a\u3044\u3066\u3082\u3001\u305d\u306e\u5c02\u9580\u6027\u3092\u767a\u63ee\u3057\u307e\u3059\u3002<\/p>\n

\u4e2d\u5c0f\u4f01\u696d\u8a3a\u65ad\u58eb<\/h4>\n

\u4e2d\u5c0f\u4f01\u696d\u8a3a\u65ad\u58eb\u306f\u3001\u56fd\u304c\u552f\u4e00\u8a8d\u3081\u308b\u300c\u7d4c\u55b6\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u300d\u306e\u5c02\u9580\u5bb6\u3067\u3059\u3002\u7279\u306b\u4e2d\u5805\u30fb\u4e2d\u5c0f\u4f01\u696d\u306eM&A\u306b\u304a\u3044\u3066\u3001\u305d\u306e\u771f\u4fa1\u3092\u767a\u63ee\u3057\u307e\u3059\u3002<\/p>\n

\u5bfe\u8c61\u4f01\u696d\u306e\u4e8b\u696d\u5185\u5bb9\u3092\u6df1\u304f\u7406\u89e3\u3057\u3001\u305d\u306e\u4f01\u696d\u306e\u5f37\u307f\u3084\u5f31\u307f\u3001\u5c06\u6765\u6027\u3092\u5206\u6790\u3057\u3066\u3001M&A\u304c\u3082\u305f\u3089\u3059\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u3092\u5177\u4f53\u7684\u306b\u63cf\u304d\u51fa\u3057\u307e\u3059\u3002M&A\u6210\u7acb\u5f8c\u306e\u5186\u6ed1\u306a\u7d71\u5408\uff08PMI\uff09\u306b\u5411\u3051\u305f\u4e8b\u696d\u8a08\u753b\u306e\u7b56\u5b9a\u306a\u3069\u3001\u7d4c\u55b6\u8005\u306e\u8996\u70b9\u306b\u7acb\u3063\u305f\u5b9f\u8df5\u7684\u306a\u652f\u63f4\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n

M&A\u306b\u7279\u5316\u3057\u305f\u6c11\u9593\u8cc7\u683c<\/h3>\n

\u56fd\u5bb6\u8cc7\u683c\u4ee5\u5916\u306b\u3082\u3001M&A\u306e\u5b9f\u52d9\u77e5\u8b58\u3092\u8a3c\u660e\u3059\u308b\u305f\u3081\u306e\u6c11\u9593\u8cc7\u683c\u304c\u3044\u304f\u3064\u304b\u5b58\u5728\u3057\u307e\u3059\u3002<\/b><\/span>\u3053\u308c\u3089\u306f\u3001M&A\u306e\u77e5\u8b58\u3092\u4f53\u7cfb\u7684\u306b\u5b66\u3073\u305f\u3044\u4eba\u3084\u3001\u81ea\u8eab\u306e\u5c02\u9580\u6027\u3092\u88dc\u5f37\u3057\u305f\u3044\u5b9f\u52d9\u5bb6\u306b\u3068\u3063\u3066\u6709\u7528\u3067\u3059\u3002<\/p>\n

\u4ee3\u8868\u7684\u306a\u3082\u306e\u306b\u3001\u91d1\u878d\u8ca1\u653f\u4e8b\u60c5\u7814\u7a76\u4f1a\u304c\u5b9f\u65bd\u3059\u308b\u300cM&A\u30a8\u30ad\u30b9\u30d1\u30fc\u30c8\u8a8d\u5b9a\u5236\u5ea6\u300d\u3084\u3001\u65e5\u672cM&A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u5354\u4f1a\u304c\u8a8d\u5b9a\u3059\u308b\u300cM&A\u30b9\u30da\u30b7\u30e3\u30ea\u30b9\u30c8\u300d\u306a\u3069\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u8cc7\u683c\u306f\u3001M&A\u306e\u57fa\u672c\u7684\u306a\u6d41\u308c\u304b\u3089\u5b9f\u52d9\u4e0a\u306e\u7559\u610f\u70b9\u307e\u3067\u3092\u7db2\u7f85\u3057\u3066\u304a\u308a\u3001\u77e5\u8b58\u30ec\u30d9\u30eb\u306e\u5ba2\u89b3\u7684\u306a\u8a3c\u660e\u3068\u3057\u3066\u6d3b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306e\u4ed5\u4e8b\u5185\u5bb9<\/h2>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306e\u696d\u52d9\u306f\u3001\u975e\u5e38\u306b\u591a\u5c90\u306b\u308f\u305f\u308a\u307e\u3059\u3002<\/b><\/span>\u521d\u671f\u6bb5\u968e\u306e\u76f8\u8ac7\u304b\u3089\u59cb\u307e\u308a\u3001M&A\u304c\u5b8c\u4e86\u3057\u3001\u4e21\u793e\u304c\u4e00\u4f53\u3068\u306a\u3063\u3066\u52d5\u304d\u51fa\u3059\u307e\u3067\u3001\u9577\u671f\u306b\u308f\u305f\u3063\u3066\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u3092\u652f\u3048\u7d9a\u3051\u307e\u3059\u3002\u3053\u3053\u3067\u306f\u3001M&A\u306e\u4e00\u9023\u306e\u6d41\u308c\u306b\u6cbf\u3063\u3066\u3001\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u304c\u3069\u306e\u3088\u3046\u306a\u652f\u63f4\u3092\u63d0\u4f9b\u3059\u308b\u306e\u304b\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n

M&A\u6226\u7565\u306e\u7b56\u5b9a<\/h3>\n

\u3059\u3079\u3066\u306eM&A\u306f\u3001\u6226\u7565\u306e\u7b56\u5b9a\u304b\u3089\u59cb\u307e\u308a\u307e\u3059\u3002<\/b><\/span>\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306f\u307e\u305a\u3001\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u4f01\u696d\u304c\u62b1\u3048\u308b\u7d4c\u55b6\u4e0a\u306e\u8ab2\u984c\u3084\u3001\u5c06\u6765\u306e\u30d3\u30b8\u30e7\u30f3\u3092\u6df1\u304f\u30d2\u30a2\u30ea\u30f3\u30b0\u3057\u307e\u3059\u3002<\/p>\n

\u305d\u306e\u4e0a\u3067\u3001\u5e02\u5834\u74b0\u5883\u3084\u7af6\u5408\u306e\u52d5\u5411\u3092\u5206\u6790\u3057\u3001M&A\u304c\u672c\u5f53\u306b\u6700\u9069\u306a\u9078\u629e\u80a2\u306a\u306e\u304b\u3092\u691c\u8a0e\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3069\u306e\u3088\u3046\u306a\u696d\u7a2e\u3084\u898f\u6a21\u306e\u4f01\u696d\u3092\u5bfe\u8c61\u3068\u3059\u3079\u304d\u304b\u3001M&A\u3092\u901a\u3058\u3066\u4f55\u3092\u5b9f\u73fe\u3057\u305f\u3044\u306e\u304b\u3001\u3068\u3044\u3046\u5177\u4f53\u7684\u306a\u6226\u7565\u3092\u5171\u306b\u63cf\u304d\u51fa\u3057\u307e\u3059\u3002<\/p>\n

\u5bfe\u8c61\u4f01\u696d\u306e\u9078\u5b9a\u3068\u4ea4\u6e09<\/h3>\n

\u7b56\u5b9a\u3057\u305fM&A\u6226\u7565\u306b\u57fa\u3065\u304d\u3001\u5019\u88dc\u3068\u306a\u308b\u4f01\u696d\u306e\u30ea\u30b9\u30c8\u30a2\u30c3\u30d7\u306b\u79fb\u308a\u307e\u3059\u3002<\/b><\/span>\u5e45\u5e83\u3044\u60c5\u5831\u7db2\u3092\u99c6\u4f7f\u3057\u3066\u53ef\u80fd\u6027\u306e\u3042\u308b\u4f01\u696d\u3092\u6d17\u3044\u51fa\u3057\uff08\u30ed\u30f3\u30b0\u30ea\u30b9\u30c8\uff09\u3001\u305d\u3053\u304b\u3089\u3055\u3089\u306b\u6761\u4ef6\u306b\u5408\u3046\u4f01\u696d\u3092\u7d5e\u308a\u8fbc\u3093\u3067\u3044\u304d\u307e\u3059\uff08\u30b7\u30e7\u30fc\u30c8\u30ea\u30b9\u30c8\uff09\u3002<\/p>\n

\u5bfe\u8c61\u4f01\u696d\u304c\u5b9a\u307e\u308b\u3068\u3001\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306f\u76f8\u624b\u65b9\u4f01\u696d\u3078\u306e\u6253\u8a3a\u3092\u958b\u59cb\u3057\u307e\u3059\u3002\u79d8\u5bc6\u4fdd\u6301\u5951\u7d04\u3092\u7de0\u7d50\u3057\u305f\u4e0a\u3067\u3001\u30c8\u30c3\u30d7\u540c\u58eb\u306e\u9762\u8ac7\u3092\u8a2d\u5b9a\u3057\u3001\u5186\u6ed1\u306a\u4ea4\u6e09\u306e\u9032\u884c\u3092\u652f\u63f4\u3057\u307e\u3059\u3002<\/p>\n

\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u5b9f\u65bd\u652f\u63f4<\/h3>\n

\u4ea4\u6e09\u304c\u3042\u308b\u7a0b\u5ea6\u9032\u307f\u3001\u5f53\u4e8b\u8005\u9593\u3067\u5927\u7b4b\u306e\u5408\u610f\u304c\u5f97\u3089\u308c\u308b\u3068\u3001\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff08\u8cb7\u53ce\u76e3\u67fb\uff09\u306e\u6bb5\u968e\u3078\u79fb\u884c\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n

\u3053\u308c\u306f\u3001\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3084\u6cd5\u52d9\u4e0a\u306e\u30ea\u30b9\u30af\u3001\u4e8b\u696d\u306e\u5b9f\u614b\u306a\u3069\u3092\u8a73\u7d30\u306b\u8abf\u67fb\u3057\u3001\u96a0\u308c\u305f\u554f\u984c\u304c\u306a\u3044\u304b\u3092\u78ba\u8a8d\u3059\u308b\u4f5c\u696d\u3067\u3059\u3002\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306f\u3001\u516c\u8a8d\u4f1a\u8a08\u58eb\u3084\u5f01\u8b77\u58eb\u3068\u3044\u3063\u305f\u5404\u5206\u91ce\u306e\u5c02\u9580\u5bb6\u3068\u9023\u643a\u3057\u3001\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u304c\u5186\u6ed1\u304b\u3064\u7684\u78ba\u306b\u884c\u308f\u308c\u308b\u3088\u3046\u5168\u4f53\u3092\u7d71\u62ec\u3057\u307e\u3059\u3002<\/p>\n

\u5951\u7d04\u7de0\u7d50\u3068\u30af\u30ed\u30fc\u30b8\u30f3\u30b0<\/h3>\n

\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u7d50\u679c\u3092\u8e0f\u307e\u3048\u3066\u3001\u6700\u7d42\u7684\u306a\u8cb7\u53ce\u4fa1\u683c\u3084\u53d6\u5f15\u6761\u4ef6\u306e\u4ea4\u6e09\u304c\u884c\u308f\u308c\u307e\u3059\u3002<\/b><\/span>\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306f\u3001\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u304c\u4e0d\u5229\u306a\u6761\u4ef6\u3092\u306e\u3080\u3053\u3068\u304c\u306a\u3044\u3088\u3046\u3001\u5c02\u9580\u7684\u306a\u898b\u5730\u304b\u3089\u52a9\u8a00\u3092\u4e0e\u3048\u3001\u4ea4\u6e09\u3092\u6709\u5229\u306b\u9032\u3081\u308b\u305f\u3081\u306e\u30b5\u30dd\u30fc\u30c8\u3092\u3057\u307e\u3059\u3002<\/p>\n

\u53cc\u65b9\u304c\u5408\u610f\u306b\u81f3\u308c\u3070\u3001\u6700\u7d42\u5951\u7d04\u66f8\uff08SPA\uff09\u3092\u7de0\u7d50\u3057\u3001\u682a\u5f0f\u306e\u8b72\u6e21\u3084\u5bfe\u4fa1\u306e\u652f\u6255\u3044\u3068\u3044\u3063\u305f\u30af\u30ed\u30fc\u30b8\u30f3\u30b0\uff08\u53d6\u5f15\u306e\u5b8c\u4e86\uff09\u624b\u7d9a\u304d\u3092\u78ba\u5b9f\u306b\u5b9f\u884c\u3057\u307e\u3059\u3002<\/p>\n

PMI\uff08\u30dd\u30b9\u30c8\u30fb\u30de\u30fc\u30b8\u30e3\u30fc\u30fb\u30a4\u30f3\u30c6\u30b0\u30ec\u30fc\u30b7\u30e7\u30f3\uff09<\/h3>\n

M&A\u306f\u5951\u7d04\u3092\u7de0\u7d50\u3057\u3066\u7d42\u308f\u308a\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/b><\/span>\u3080\u3057\u308d\u3001\u305d\u3053\u304b\u3089\u304c\u65b0\u305f\u306a\u51fa\u767a\u70b9\u3067\u3059\u3002PMI\u306f\u3001M&A\u6210\u7acb\u5f8c\u306b\u7d4c\u55b6\u65b9\u91dd\u3001\u7d44\u7e54\u6587\u5316\u3001\u4eba\u4e8b\u5236\u5ea6\u3001\u60c5\u5831\u30b7\u30b9\u30c6\u30e0\u306a\u3069\u3092\u7d71\u5408\u3057\u3001\u671f\u5f85\u3055\u308c\u305f\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u3092\u5275\u51fa\u3059\u308b\u305f\u3081\u306e\u6d3b\u52d5\u3092\u6307\u3057\u307e\u3059\u3002<\/p>\n

\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306f\u3001\u7d71\u5408\u8a08\u753b\u306e\u7b56\u5b9a\u304b\u3089\u5b9f\u884c\u307e\u3067\u3092\u652f\u63f4\u3057\u3001M&A\u306e\u52b9\u679c\u3092\u6700\u5927\u5316\u3055\u305b\u308b\u305f\u3081\u306e\u9053\u7b4b\u3092\u793a\u3057\u307e\u3059\u3002\u3053\u306ePMI\u306e\u5de7\u62d9\u304c\u3001M&A\u306e\u6210\u5426\u3092\u5206\u3051\u308b\u3068\u3044\u3063\u3066\u3082\u904e\u8a00\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306e\u4f9d\u983c\u8cbb\u7528<\/h2>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306e\u8cbb\u7528\u306f\u3001\u6848\u4ef6\u306e\u898f\u6a21\u3084\u96e3\u6613\u5ea6\u3001\u4f9d\u983c\u3059\u308b\u4f1a\u793e\u306b\u3088\u3063\u3066\u5927\u304d\u304f\u5909\u52d5\u3057\u307e\u3059\u304c\u3001\u4e00\u822c\u7684\u306b\u306f\u8907\u6570\u306e\u6599\u91d1\u4f53\u7cfb\u3092\u7d44\u307f\u5408\u308f\u305b\u305f\u5f62\u306b\u306a\u308a\u307e\u3059\u3002<\/b><\/span>\u5951\u7d04\u3092\u7d50\u3076\u524d\u306b\u3001\u8cbb\u7528\u306e\u5185\u8a33\u3084\u767a\u751f\u3059\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3057\u3066\u304a\u304f\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n

\u76f8\u8ac7\u6599\u30fb\u7740\u624b\u91d1<\/h3>\n

\u6b63\u5f0f\u306b\u4f9d\u983c\u3059\u308b\u524d\u306e\u76f8\u8ac7\u306f\u7121\u6599\u3068\u3057\u3066\u3044\u308b\u4f1a\u793e\u3082\u591a\u3044\u3067\u3059\u304c\u3001\u672c\u683c\u7684\u306b\u6848\u4ef6\u5316\u3092\u9032\u3081\u308b\u6bb5\u968e\u3067\u7740\u624b\u91d1\u304c\u5fc5\u8981\u3068\u306a\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/b><\/span><\/p>\n

\u7740\u624b\u91d1\u306f\u3001M&A\u306e\u5b9f\u73fe\u53ef\u80fd\u6027\u306e\u8abf\u67fb\u3084\u521d\u671f\u7684\u306a\u8cc7\u6599\u4f5c\u6210\u306e\u5bfe\u4fa1\u3068\u3057\u3066\u652f\u6255\u308f\u308c\u308b\u3082\u306e\u3067\u3001\u6570\u5341\u4e07\u5186\u304b\u3089\u6570\u767e\u4e07\u5186\u304c\u76f8\u5834\u3067\u3059\u3002\u3053\u306e\u8cbb\u7528\u306f\u3001\u6700\u7d42\u7684\u306bM&A\u304c\u6210\u7acb\u3057\u306a\u304b\u3063\u305f\u5834\u5408\u3067\u3082\u8fd4\u91d1\u3055\u308c\u306a\u3044\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n

\u4e2d\u9593\u91d1\uff08\u6708\u984d\u5831\u916c\uff09<\/h3>\n

M&A\u306e\u4ea4\u6e09\u904e\u7a0b\u3067\u3001\u57fa\u672c\u5408\u610f\u5951\u7d04\u3092\u7de0\u7d50\u3057\u305f\u6642\u70b9\u306a\u3069\u3067\u4e2d\u9593\u91d1\u304c\u767a\u751f\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/b><\/span><\/p>\n

\u3053\u308c\u306f\u6210\u529f\u5831\u916c\u306e\u4e00\u90e8\u3092\u524d\u6255\u3044\u3059\u308b\u610f\u5473\u5408\u3044\u3092\u6301\u3064\u5834\u5408\u3084\u3001\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u671f\u9593\u4e2d\u306e\u7d99\u7d9a\u7684\u306a\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306b\u5bfe\u3059\u308b\u6708\u984d\u5831\u916c\uff08\u30ea\u30c6\u30a4\u30ca\u30fc\u30d5\u30a3\u30fc\uff09\u3068\u3057\u3066\u8a2d\u5b9a\u3055\u308c\u308b\u5834\u5408\u3082\u3042\u308a\u307e\u3059\u3002\u91d1\u984d\u306f\u6848\u4ef6\u306e\u898f\u6a21\u306b\u3088\u3063\u3066\u69d8\u3005\u3067\u3001\u6708\u984d\u6570\u5341\u4e07\u5186\u304b\u3089\u6570\u767e\u4e07\u5186\u306b\u53ca\u3076\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n

\u6210\u529f\u5831\u916c<\/h3>\n

M&A\u304c\u6700\u7d42\u7684\u306b\u6210\u7acb\u3057\u305f\u969b\u306b\u652f\u6255\u308f\u308c\u308b\u8cbb\u7528\u304c\u6210\u529f\u5831\u916c\u3067\u3059\u3002<\/b><\/span><\/p>\n

\u3053\u308c\u304c\u5831\u916c\u306e\u5927\u90e8\u5206\u3092\u5360\u3081\u3001\u6700\u3082\u91d1\u984d\u304c\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002\u8a08\u7b97\u65b9\u6cd5\u3068\u3057\u3066\u300c\u30ec\u30fc\u30de\u30f3\u65b9\u5f0f\u300d\u304c\u5e83\u304f\u63a1\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u53d6\u5f15\u91d1\u984d\uff08\u4f01\u696d\u306e\u8b72\u6e21\u4fa1\u683c\u306a\u3069\uff09\u306b\u5fdc\u3058\u3066\u3001\u4e00\u5b9a\u306e\u6599\u7387\u3092\u639b\u3051\u3066\u7b97\u51fa\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002\u53d6\u5f15\u91d1\u984d\u304c\u5927\u304d\u304f\u306a\u308b\u307b\u3069\u6599\u7387\u306f\u4f4e\u304f\u306a\u308b\u306e\u304c\u7279\u5fb4\u3067\u3059\u3002<\/p>\n

\u30ec\u30fc\u30de\u30f3\u65b9\u5f0f\u306e\u4e00\u822c\u7684\u306a\u6599\u7387\u30c6\u30fc\u30d6\u30eb<\/h4>\n\n\n\n\n\n\n\n\n\n
\u53d6\u5f15\u91d1\u984d<\/th>\n\u6210\u529f\u5831\u916c\u6599\u7387<\/th>\n<\/tr>\n<\/thead>\n
5\u5104\u5186\u4ee5\u4e0b\u306e\u90e8\u5206<\/td>\n5%<\/td>\n<\/tr>\n
5\u5104\u5186\u8d85\uff5e10\u5104\u5186\u4ee5\u4e0b\u306e\u90e8\u5206<\/td>\n4%<\/td>\n<\/tr>\n
10\u5104\u5186\u8d85\uff5e50\u5104\u5186\u4ee5\u4e0b\u306e\u90e8\u5206<\/td>\n3%<\/td>\n<\/tr>\n
50\u5104\u5186\u8d85\uff5e100\u5104\u5186\u4ee5\u4e0b\u306e\u90e8\u5206<\/td>\n2%<\/td>\n<\/tr>\n
100\u5104\u5186\u8d85\u306e\u90e8\u5206<\/td>\n1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306e\u4ee3\u8868\u7684\u306a\u4f9d\u983c\u5148<\/h2>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u3092\u63d0\u4f9b\u3059\u308b\u4e8b\u696d\u8005\u306f\u3001\u305d\u306e\u6210\u308a\u7acb\u3061\u3084\u5f97\u610f\u5206\u91ce\u306b\u3088\u3063\u3066\u3044\u304f\u3064\u304b\u306e\u7a2e\u985e\u306b\u5927\u5225\u3055\u308c\u307e\u3059\u3002<\/b><\/span>\u81ea\u793e\u306e\u72b6\u6cc1\u3084M&A\u306e\u76ee\u7684\u306b\u5408\u308f\u305b\u3066\u3001\u6700\u9069\u306a\u30d1\u30fc\u30c8\u30ca\u30fc\u3092\u898b\u3064\u3051\u308b\u305f\u3081\u306e\u53c2\u8003\u306b\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u6226\u7565\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30d5\u30a1\u30fc\u30e0<\/h3>\n

\u5916\u8cc7\u7cfb\u306e\u6226\u7565\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30d5\u30a1\u30fc\u30e0\u306a\u3069\u306f\u3001M&A\u3092\u5168\u793e\u7684\u306a\u7d4c\u55b6\u6226\u7565\u306e\u4e00\u74b0\u3068\u3057\u3066\u6349\u3048\u308b\u3053\u3068\u306b\u9577\u3051\u3066\u3044\u307e\u3059\u3002<\/b><\/span><\/p>\n

\u5e02\u5834\u5206\u6790\u3084\u4e8b\u696d\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u898b\u76f4\u3057\u3092\u901a\u3058\u3066\u3001\u6700\u9069\u306aM&A\u6226\u7565\u3092\u7b56\u5b9a\u3057\u3001\u7279\u306b\u8cb7\u53ce\u5f8c\u306ePMI\u306b\u304a\u3044\u3066\u9ad8\u3044\u5c02\u9580\u6027\u3092\u767a\u63ee\u3057\u307e\u3059\u3002\u6bd4\u8f03\u7684\u5927\u898f\u6a21\u3067\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u5c55\u958b\u3059\u308b\u3088\u3046\u306a\u8907\u96d1\u306a\u6848\u4ef6\u3092\u5f97\u610f\u3068\u3059\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

M&A\u5c02\u9580\u306e\u4ef2\u4ecb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u4f1a\u793e<\/h3>\n

M&A\u306e\u4ef2\u4ecb\u3084\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u696d\u52d9\u3092\u5c02\u696d\u3068\u3059\u308b\u4f1a\u793e\u3067\u3059\u3002<\/b><\/span>\u5927\u5c0f\u3055\u307e\u3056\u307e\u306a\u898f\u6a21\u306eM&A\u6848\u4ef6\u3092\u6570\u591a\u304f\u624b\u304c\u3051\u3066\u304a\u308a\u3001\u8c4a\u5bcc\u306a\u5b9f\u7e3e\u3068\u72ec\u81ea\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3092\u6709\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u7279\u306b\u4e2d\u5805\u30fb\u4e2d\u5c0f\u4f01\u696d\u306eM&A\u306b\u304a\u3044\u3066\u306f\u4e2d\u5fc3\u7684\u306a\u62c5\u3044\u624b\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u5b9f\u52d9\u7684\u306a\u30ce\u30a6\u30cf\u30a6\u304c\u8c4a\u5bcc\u3067\u3059\u3002\u8fc5\u901f\u306a\u30de\u30c3\u30c1\u30f3\u30b0\u3084\u5186\u6ed1\u306a\u30c7\u30a3\u30fc\u30eb\u9032\u884c\u306b\u5f37\u307f\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

\u91d1\u878d\u6a5f\u95a2\uff08\u9280\u884c\u30fb\u8a3c\u5238\u4f1a\u793e\uff09<\/h3>\n

\u30e1\u30ac\u30d0\u30f3\u30af\u3084\u5730\u65b9\u9280\u884c\u3001\u8a3c\u5238\u4f1a\u793e\u306a\u3069\u3082M&A\u652f\u63f4\u306b\u529b\u3092\u5165\u308c\u3066\u3044\u307e\u3059\u3002<\/b><\/span>\u666e\u6bb5\u304b\u3089\u53d6\u5f15\u306e\u3042\u308b\u91d1\u878d\u6a5f\u95a2\u3067\u3042\u308c\u3070\u3001\u81ea\u793e\u306e\u4e8b\u696d\u5185\u5bb9\u3084\u8ca1\u52d9\u72b6\u6cc1\u306b\u5bfe\u3059\u308b\u7406\u89e3\u304c\u6df1\u304f\u3001\u8a71\u3092\u9032\u3081\u3084\u3059\u3044\u3068\u3044\u3046\u5229\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

\u307e\u305f\u3001\u8c4a\u5bcc\u306a\u9867\u5ba2\u57fa\u76e4\u3092\u6d3b\u7528\u3057\u305f\u30de\u30c3\u30c1\u30f3\u30b0\u529b\u3084\u3001M&A\u306b\u5fc5\u8981\u306a\u8cc7\u91d1\u8abf\u9054<\/a>\uff08\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\uff09\u3092\u540c\u6642\u306b\u76f8\u8ac7\u3067\u304d\u308b\u70b9\u3082\u5927\u304d\u306a\u5f37\u307f\u3067\u3059\u3002<\/p>\n

\u4f1a\u8a08\u4e8b\u52d9\u6240\u30fb\u7a0e\u7406\u58eb\u6cd5\u4eba<\/h3>\n

\u5927\u624b\u4f1a\u8a08\u30d5\u30a1\u30fc\u30e0\uff08BIG4\uff09\u3084\u4e2d\u5805\u306e\u7a0e\u7406\u58eb\u6cd5\u4eba\u306a\u3069\u3082M&A\u652f\u63f4\u3092\u624b\u304c\u3051\u3066\u3044\u307e\u3059\u3002<\/b><\/span>\u3082\u3068\u3082\u3068\u306e\u5c02\u9580\u3067\u3042\u308b\u8ca1\u52d9\u3084\u7a0e\u52d9\u306e\u77e5\u898b\u3092\u6d3b\u304b\u3057\u305f\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3084\u3001\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\uff08\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff09\u306b\u304a\u3044\u3066\u975e\u5e38\u306b\u9ad8\u3044\u5c02\u9580\u6027\u3092\u6301\u3061\u307e\u3059\u3002<\/p>\n

\u8fd1\u5e74\u3067\u306f\u3001\u305d\u306e\u5c02\u9580\u6027\u3092\u6b66\u5668\u306b\u3001M&A\u6226\u7565\u306e\u7acb\u6848\u304b\u3089FA\u696d\u52d9\u3001PMI\u652f\u63f4\u307e\u3067\u3001\u5e45\u5e83\u304f\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u6cd5\u4eba\u304c\u5897\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u4f1a\u793e\u306e\u9078\u3073\u65b9<\/h2>\n

M&A\u3068\u3044\u3046\u91cd\u5927\u306a\u7d4c\u55b6\u5224\u65ad\u3092\u6210\u529f\u3055\u305b\u308b\u305f\u3081\u306b\u306f\u3001\u4fe1\u983c\u3067\u304d\u308b\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3068\u306e\u9023\u643a\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/b><\/span>\u6570\u3042\u308b\u4f1a\u793e\u306e\u4e2d\u304b\u3089\u81ea\u793e\u306b\u3068\u3063\u3066\u6700\u826f\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3092\u9078\u3076\u305f\u3081\u306b\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u8996\u70b9\u304b\u3089\u614e\u91cd\u306b\u6bd4\u8f03\u691c\u8a0e\u3059\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n

\u5b9f\u7e3e\u3068\u5c02\u9580\u6027\u306e\u78ba\u8a8d<\/h3>\n

\u307e\u305a\u78ba\u8a8d\u3059\u3079\u304d\u306f\u3001\u81ea\u793e\u306e\u696d\u754c\u3084\u4e8b\u696d\u898f\u6a21\u306b\u8fd1\u3044M&A\u6848\u4ef6\u306e\u5b9f\u7e3e\u304c\u8c4a\u5bcc\u304b\u3069\u3046\u304b\u3067\u3059\u3002<\/b><\/span>\u98df\u54c1\u696d\u754c\u3068IT\u696d\u754c\u3067\u306f\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u3084\u8a55\u4fa1\u306e\u4ed5\u65b9\u304c\u5168\u304f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u7279\u5b9a\u306e\u696d\u754c\u306b\u5bfe\u3059\u308b\u6df1\u3044\u77e5\u898b\u3084\u3001\u985e\u4f3c\u6848\u4ef6\u3092\u6210\u529f\u306b\u5c0e\u3044\u305f\u7d4c\u9a13\u306f\u3001\u4fe1\u983c\u6027\u3092\u6e2c\u308b\u4e0a\u3067\u91cd\u8981\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\u904e\u53bb\u306e\u5b9f\u7e3e\u306b\u3064\u3044\u3066\u3001\u5177\u4f53\u7684\u306a\u4e8b\u4f8b\u3092\u4ea4\u3048\u3066\u8aac\u660e\u3092\u6c42\u3081\u308b\u3068\u3088\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n

\u62c5\u5f53\u8005\u3068\u306e\u76f8\u6027<\/h3>\n

M&A\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306f\u6570\u30f6\u6708\u304b\u3089\u4e00\u5e74\u4ee5\u4e0a\u306b\u53ca\u3076\u3053\u3068\u3082\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/b><\/span>\u305d\u306e\u9593\u3001\u62c5\u5f53\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3068\u306f\u4f1a\u793e\u306e\u6a5f\u5bc6\u60c5\u5831\u3082\u542b\u3081\u3066\u7dca\u5bc6\u306a\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u3092\u53d6\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u81ea\u793e\u306e\u4e8b\u696d\u3084\u6587\u5316\u3092\u771f\u646f\u306b\u7406\u89e3\u3057\u3088\u3046\u3068\u52aa\u3081\u3001\u8033\u306e\u75db\u3044\u3053\u3068\u3067\u3042\u3063\u3066\u3082\u7387\u76f4\u306b\u610f\u898b\u3092\u4f1d\u3048\u3066\u304f\u308c\u308b\u8aa0\u5b9f\u306a\u4eba\u7269\u304b\u3092\u898b\u6975\u3081\u308b\u3053\u3068\u304c\u809d\u8981\u3067\u3059\u3002\u8907\u6570\u306e\u4f1a\u793e\u306e\u62c5\u5f53\u8005\u3068\u9762\u8ac7\u3057\u3001\u4fe1\u983c\u95a2\u4fc2\u3092\u7bc9\u3051\u308b\u76f8\u624b\u3092\u9078\u3073\u307e\u3057\u3087\u3046\u3002<\/p>\n

\u6599\u91d1\u4f53\u7cfb\u306e\u900f\u660e\u6027<\/h3>\n

\u524d\u8ff0\u306e\u901a\u308a\u3001M&A\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306e\u8cbb\u7528\u306f\u9ad8\u984d\u306b\u306a\u308a\u304c\u3061\u3067\u3059\u3002<\/b><\/span>\u305d\u306e\u305f\u3081\u3001\u3069\u306e\u3088\u3046\u306a\u696d\u52d9\u306b\u5bfe\u3057\u3066\u3001\u3044\u3064\u3001\u3044\u304f\u3089\u306e\u8cbb\u7528\u304c\u767a\u751f\u3059\u308b\u306e\u304b\u3001\u5951\u7d04\u524d\u306b\u8a73\u7d30\u306a\u8aac\u660e\u3092\u6c42\u3081\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n

\u300c\u6210\u529f\u5831\u916c\u306e\u307f\u300d\u3068\u8b33\u3063\u3066\u3044\u3066\u3082\u3001\u5225\u9014\u8cbb\u7528\u304c\u767a\u751f\u3059\u308b\u30b1\u30fc\u30b9\u3082\u3042\u308a\u307e\u3059\u3002\u8907\u6570\u306e\u4f1a\u793e\u304b\u3089\u898b\u7a4d\u3082\u308a\u3092\u53d6\u308a\u3001\u30b5\u30fc\u30d3\u30b9\u5185\u5bb9\u3068\u6599\u91d1\u4f53\u7cfb\u306e\u900f\u660e\u6027\u3001\u305d\u3057\u3066\u7dcf\u984d\u306e\u59a5\u5f53\u6027\u3092\u6bd4\u8f03\u691c\u8a0e\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u652f\u63f4\u7bc4\u56f2\u306e\u5e83\u3055<\/h3>\n

\u81ea\u793e\u304cM&A\u306e\u3069\u306e\u6bb5\u968e\u3067\u652f\u63f4\u3092\u6c42\u3081\u3066\u3044\u308b\u306e\u304b\u3092\u660e\u78ba\u306b\u3059\u308b\u3053\u3068\u3082\u5927\u5207\u3067\u3059\u3002<\/b><\/span>\u6226\u7565\u7acb\u6848\u304b\u3089\u76f8\u8ac7\u3057\u305f\u3044\u306e\u304b\u3001\u65e2\u306b\u5019\u88dc\u4f01\u696d\u304c\u3044\u3066\u4ea4\u6e09\u3092\u652f\u63f4\u3057\u3066\u307b\u3057\u3044\u306e\u304b\u3001\u3042\u308b\u3044\u306f\u6210\u7acb\u5f8c\u306ePMI\u3067\u624b\u539a\u3044\u30b5\u30dd\u30fc\u30c8\u3092\u671f\u5f85\u3059\u308b\u306e\u304b\u3002\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u4f1a\u793e\u306b\u3088\u3063\u3066\u5f97\u610f\u306a\u9818\u57df\u306f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u81ea\u793e\u306e\u30cb\u30fc\u30ba\u3068\u3001\u76f8\u624b\u65b9\u306e\u652f\u63f4\u7bc4\u56f2\u304c\u5408\u81f4\u3057\u3066\u3044\u308b\u304b\u3092\u78ba\u304b\u3081\u3001\u4e00\u8cab\u3057\u305f\u30b5\u30dd\u30fc\u30c8\u304c\u53d7\u3051\u3089\u308c\u308b\u4f1a\u793e\u3092\u9078\u3076\u3053\u3068\u304c\u671b\u307e\u3057\u3044\u7d50\u679c\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/p>\n

M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3068\u5354\u529b\u3057\u3066\u6210\u529f\u3092\u76ee\u6307\u3059<\/h2>\n

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