Every new business needs finance when they are first starting up. You will need to buy equipment and your workplace will need to be set up as well as all of your marketing costs being sorted out but it doesn’t just stop here; when you are officially set up and your business starts making money you will need to cover all of your businesses bills and your staffs wages. M&A is not a casual corporate event, although some companies (like pharmaceutical company Valeant in 2015 or GE in times of yore) acquired others as frequently as the weather changes. M&A can transform a company significantly by changing its strategy, its organization, its people, and its size. M&A involves undeterminable synergy risk, the risk that what appeared idea on the spreadsheet of a Morgan Stanley associate doesn’t make sense when operating units combine as one.