The M&A process typically involves the following steps: Identify potential targets: The first step is to identify potential target companies that align with the buyer's strategic goals. Conduct due diligence: The buyer will conduct thorough due diligence to assess the target company's financial, legal, and operational risks. Negotiate the deal: The buyer and seller will negotiate the terms of the deal, including the price, structure of the transaction, and post-closing arrangements. Close the deal: Once the deal is finalized, the buyer and seller will close the transaction and integrate the target company into the buyer's organization.