Issue No. 37Week ending Sunday, September 13, 2026434 episodes · 1825 articles
The Throughline ↓
The Podcast Summary.

40 hours of podcasts, in 5 minutes.

Host

Kison Patel

Kison Patel appears in 8 full episodes we cover on M&A Science. Host of M&A Science. Below is what each conversation covered, with a key takeaway per article. Every quote in the articles is verbatim and timestamped to the source video.

8 episodescovered
34 articleswith timestamped quotes
Private EquityM&A Science

Why M&A Integration Fails Without Leadership Enablement

Kim Jones, an HR M&A director with extensive experience at Microsoft and ServiceNow, explains why post-close integration failures stem from a lack of leadership enablement rather than cultural resistance. She details ho…

  • Standard integration workstreams generate operational compliance, but genuine value capture requires executive advocacy. Read →
  • Acquirers frequently waste retention packages on executive figureheads while missing the technical linchpins who understand the acquired codebase. Read →
  • Financial retention packages purchase immediate compliance, not operational commitment. Kim Jones points out that throwing capital at founders planning an exit wastes retention po… Read →
Private EquityM&A Science

We Signed the LOI. Then the Buyer Cut the Deal Nearly in Half

Praveen Ghanta, founder of HiddenLevers, joins Kison Patel to detail how his company navigated a high-stakes sell-side acquisition by Orion Advisor Solutions. Ghanta explains how a delayed $2 million enterprise contract…

  • Vague revenue definitions in a letter of intent allow buyers to shift the valuation baseline during confirmatory diligence, converting top-line headline multiples into retrade too… Read →
  • HiddenLevers shipped code at two to three times the speed of legacy teams at Orion Advisor Solutions prior to its acquisition. Read →
  • Sell-side bargaining power peaks the moment before signing a letter of intent (LOI), when the seller can run a competitive process with multiple bidders. Read →
Private EquityM&A Science

How SS&C Protected Founder Ownership Through 100 Deals

Bill Stone, founder and CEO of SS&C Technologies, discusses how he scaled the company through nearly 100 acquisitions while maintaining meaningful founder ownership and control. He breaks down his balance sheet leverage…

  • Bill Stone built SS&C Technologies through nearly 100 acquisitions, including Financial Models Company, GlobeOp, and Blue Prism, while protecting founder equity. Read →
  • Bill Stone built SS&C Technologies through nearly 100 acquisitions, executing takeovers of major assets like Financial Models Company, GlobeOp, and Blue Prism while keeping founde… Read →
  • Board unanimity means nothing when sponsor headquarters decides otherwise; SS&C's board voted unanimously to go public in 2007, but Carlyle leadership in Washington killed the IPO. Read →
Private EquityM&A Science

AI in M&A Legal Work: What It Gets Right and What It Gets Wrong

Kison Patel and Aaron Binstock of Cooley discuss the practical integration of AI into M&A legal work, detailing how the firm leverages AI for efficiency in drafting and due diligence. They explore successful application…

  • Cooley openly committed to its AI principles, framing AI adoption not merely as an efficiency play but as a cornerstone of trust and transparency with clients. Read →
  • Aaron Binstock of Cooley highlights that AI is shifting junior associate work away from rote document review and into higher-order analytical tasks, demanding more from lawyers wi… Read →
Private EquityM&A Science

Cross-Border Acquisitions: The Back-Office Work Nobody Budgets For

Jennifer Lipshultz, Senior Director of M&A Integration at ECI Software Solutions, discusses the complexities of cross-border acquisitions, focusing on the often-overlooked back-office and people integration challenges.…

  • Cross-border back-office compliance, such as new electronic invoicing requirements in Norway and Sweden, demanded ECI Software Solutions acquire additional software modules and th… Read →
  • ECI Software Solutions made a strategic pivot about two years before Jennifer Lipshultz joined, moving from a holding company model to a 'full absorption' M&A approach, centralizi… Read →
  • Jennifer Lipshultz, Senior Director of M&A Integration at ECI Software Solutions, prioritizes engaging acquired company leaders first, running "change engagement sessions" because… Read →
Private EquityM&A Science

What Buyers Want and Why M&A Pitches Keep Missing It

Kison Patel, host of M&A Science, interviews Andrew Morbitzer, VP of corporate development at Life 360, about why M&A deals frequently fail and how pitches often miss what buyers truly need. Morbitzer, with experience o…

  • Andrew Morbitzer, VP of corporate development at Life 360, highlights a core M&A friction: investment bankers chase swift closing fees, while corporate buyers are judged on the lo… Read →
  • Andrew Morbitzer, VP of corporate development at Life 360, highlights alarming data from Clayton Christensen, indicating that up to 90% of M&A deals underperform or outright fail… Read →
  • A significant deal Andrew Morbitzer worked on collapsed when a founder declared, "I don't think I can do this. I just don't trust you," signaling trust as a non-negotiable deal br… Read →
Private EquityM&A Science

M&A Playbook for High-Volume Acquisitions

Sean Rodri, an M&A and corporate development consultant with over 220 acquisitions, shares his practical operating model for scaling high-volume M&A programs. He details how to build the right team, create an effective…

  • The moment of close is not the finish line; it's the start of a critical integration period where deals are either secured or lost through neglect. Read →
  • Sean Rodri, with a track record of over 220 acquisitions, argues that scaling M&A to 50-60 deals annually requires an operating model built on rigid, upfront strategic alignment,… Read →
Private EquityM&A Science

How to Outbid PE Without Overpaying

Kison Patel speaks with Jeremy Segal, EVP of Corporate Development at Progress, about their M&A strategy focused on doubling revenue every five years through inorganic growth. They delve into how Progress successfully o…

  • Progress's Jeremy Segal details the public-private software valuation gap. Learn why disciplined acquirers are waiting for private equity to capitulate. Read →
  • Progress, led by EVP Jeremy Segal, doubles revenue every five years via inorganic growth, demanding strict M&A financial discipline. Read →
  • Progress routinely outbids private equity firms in software M&A by finding unique cost synergies that PE can't replicate. Read →
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