What is corporate development (Corp Dev)?

Corporate Development, often referred to as Corp Dev, is a department within a company responsible for strategic growth initiatives such as mergers and acquisitions (M&A), partnerships, investments, and divestitures. The Corp Dev team identifies potential targets, conducts due diligence, negotiates deals, and works closely with executive leadership to execute transactions that align with the company's long-term strategy. Their work helps organizations expand, enter new markets, or enhance competitive positioning.