Big deal Quote by Thomas Buberl
“The future, for us, is not in bold and big deals. It is in selective deals, and I prefer to focus on one accretive target worth around €2 bn. than several deals worth €200 m.”
About This Quote
Source Annual Shareholder Letter, 2023
Advocates focusing on a few high‑value, strategic acquisitions rather than many smaller deals.
In simple terms: Prefer a few big deals over many small ones.
Key Takeaway
Target selective, high‑impact deals.
Themes
strategic growth
investment focus
corporate finance
Mood
analytical
strategic
Type
business
financial
When to use this quote
- corporate strategy
- M&A planning
- board meetings
Key Concepts
value creation
risk management
deal selection
Questions to Reflect On
- What criteria define an ‘accretive’ target?
- How to assess long‑term value of big deals?
A Different Perspective
Large deals carry higher risk and may limit diversification.
