Kapil Sibal Quotes

Mergers and acquisitions, we are always looking for that.

Size is the enemy of excellence in investment banking, particularly when you are trying to put together two different cultures.

In a literal sense, even a private company, of course, cannot do everything that it wants without some discussion with government. As a good corporate citizen, Severstal discussed the idea of a merger with Arcelor with the Russian government.

When investors, particularly investment bankers, talk about splitting up companies, there's a lot of discussion about multiple expansion, and the reality is multiple expansion is an outcome, not a strategy.

… strong national regulation of interstate corporations

We understand that conglomerates have no future.

VCs like acquisitions as much as IPOs because the acquiring companies often can rationalize paying large multiples over the current valuation of the startup.

The historical evidence shows that shareholders usually greatly benefit from mergers.

I come from the operations side of the business, and I buy companies to operate them, not to flip them.

Many businesses oppose any government mandates, even if they are already following them.

You're doing a major merger, you got to hope you didn't get it wrong. That's the view of any CEO.

It's basic due diligence to make sure that whenever a foreign entity acquires a controlling interest in a U.S. company that national security isn't threatened.

In the '70s and '80s, what private equity did is it changed corporate America. It started holding companies accountable, and for the first time managers started thinking like owners.

How do you make money? Spinoffs, split-ups, liquidations, mergers and acquisitions.

Much of what is called investment is actually nothing more than mergers and acquisitions, and of course mergers and acquisitions are generally accompanied by downsizing.

Over the next few years the boardrooms of America are going to light up with hot flashes.

When you are buying companies, everyone in the company feels very good. Their chests are puffed out. At Blackstone, I used to tell people that there is nothing more fun than buying a company with somebody else's money. The business is growing, which creates more opportunity for your employees.

When businesses affirmatively like regulations, that's when to reach for your wallet.

No one doing big business can avoid some contact with government agencies, regulators, and policy makers.

China is littered with the wrecks of failed joint ventures. Investors are moving toward wholly-owned subsidiaries.

I want to establish the Corporate regime [immediately].... The Corporations will be called upon to regulate all problems of production. A policy of unregulated production is folly and generally catastrophic.

The deal machinations many companies put themselves through, while certainly a bonanza for investment bankers, can confound the typical investor.

As a CEO, I had significant exposure to private equity, enough that I had in no way bought into the media's caricature: rapacious privateers who destroy companies.

Sashi will assume the general counsel responsibilities formerly held by Paul Vance, who is leaving the franchise after 18 years of service.

We continue to see acquisitions as an opportunity area for us. It's one of the tools that we use to grow.