In this short piece, A&M summarizes insights from project work and conversations with CEOs of European building material companies.
The chain of disruptive events of the last four years has affected especially the European building materials industry and made obvious weaknesses in the business models.
We identified a relationship between performance (along the dimensions of EBITDA and revenue evolution and the current cash and financing situation) and the “depth” of the business model.
Deep models, i.e., those that are sophisticated along the products/services and distribution dimensions are in a much better situation than more shallow models. However, in expectation of the potential up-cycle, all models face their specific challenges which now must be addressed. Value creation in the context of the expected market recovery can happen along three paths: scaling, shifting/transforming, and turnaround/restructuring.
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Where AI Meets Financial Impact
December 8, 2025
CFOs are uniquely positioned to lead the charge on value creation, leveraging emerging technologies to unlock deeper insights and optimise business decisions. This article explores the transformative potential of AI for financial impact and strategic decision-making.
M&A commentary: Surge in value of deals
December 3, 2025
The ONS data shows M&A activity Q3 remained low, however, since September we’ve seen an uptick. The market seems to have shrugged off market disruption and restarted in earnest. Mike Trenouth provides comments on the latest data release.
A year of recalibration and resilience
December 2, 2025
Private Equity funds have had to be resilient through rising geopolitical tensions, the shock form US tariffs and several years of subdued deal flow and limited exits. But, as 2025 comes to a close, European private equity is showing signs of stability.
ASEAN Value Creation Report 2025
November 21, 2025
A&M’s inaugural ASEAN Private Equity Value Creation report provides a deep dive into the pressing challenges facing the industry. We explore the drivers, barriers, and evolving strategies that shape the value creation playbook in the region.
