Currency, regulation, and reporting standards are manageable. Cultural distance between owner and management is the risk that is consistently underpriced.
The technical obstacles to cross-border ownership are well documented and, with competent advisers, solvable. Currency exposure can be hedged or accepted deliberately. Reporting differences can be reconciled. Regulatory approval is a timetable rather than a surprise.
The obstacle that is routinely underestimated is the working relationship between an owner in one country and a management team in another. Expectations about escalation, candour, and the meaning of a commitment differ more than either party assumes.
We address this in ordinary ways: a consistent reporting format agreed at completion, a fixed meeting cadence that survives good and bad quarters, and at least one person on our side who works in the language of the business.
None of this eliminates distance. It makes distance visible early, which is the only reliable protection against it.