In this first episode in a two-part series, Gerald Adolph, Senior Partner and leader of Booz & Company's Mergers and Restructuring group, interviews J. Neely, a Partner at the firm, about new Booz & Company research finding that transactions designed to enhance or leverage companies' core capabilities outperformed other deals. The premium was on average 12 percentage points in terms of shareholder return. These findings are also the focus of a recent strategy+business magazine article.