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PRAISE FOR RESTRUCTURING THE HOLD
"Restructuring the Hold is a must-have for anyone involved in private equity, particularly portfolio company executives both new and veterans alike. Anderson and Habner present a proven and practical roadmap for leaders who recognize the value of uninhibited partnerships in achieving next-level results."
?John Sypek, CEO, Area Wide Protective
"Written by two successful private equity executives, Restructuring the Hold is a must-read for private equity principals and portfolio company executives who want not just to survive but thrive in the post-pandemic investment market!"
?Robert J. Bies, Professor of Management, McDonough School of Business, Georgetown University
"Anderson and Habner have lived the positive evolution of the operating role in private equity. Their insightful book serves as an actionable and practical guide to creating significant and lasting value throughout the investment hold period. A very worthwhile read!"
?Fred Crawford, Senior Vice Chairman and former CEO, AlixPartners LLP
"Restructuring the Hold is a best-practices roadmap for navigating the hold period and achieving the full value of strategic and operational improvement. This is an important and thought-provoking manual for anyone in the private equity space."
?Ben Gray, Managing Partner, BGH Capital; former Joint Managing Partner, TPG Asia
"Through hands-on experience and keen observation at scores of companies, the authors have captured what's at the heart of every successful deal?the partnership between the investing and operating pros at the private equity firm and the CEO and management team at the portfolio company."
?Stewart Kohl, Co-CEO, The Riverside Company
PRAISE FOR RESTRUCTURING THE HOLD
"Restructuring the Hold is a must-have for anyone involved in private equity, particularly portfolio company executives both new and veterans alike. Anderson and Habner present a proven and practical roadmap for leaders who recognize the value of uninhibited partnerships in achieving next-level results."
?John Sypek, CEO, Area Wide Protective
"Written by two successful private equity executives, Restructuring the Hold is a must-read for private equity principals and portfolio company executives who want not just to survive but thrive in the post-pandemic investment market!"
?Robert J. Bies, Professor of Management, McDonough School of Business, Georgetown University
"Anderson and Habner have lived the positive evolution of the operating role in private equity. Their insightful book serves as an actionable and practical guide to creating significant and lasting value throughout the investment hold period. A very worthwhile read!"
?Fred Crawford, Senior Vice Chairman and former CEO, AlixPartners LLP
"Restructuring the Hold is a best-practices roadmap for navigating the hold period and achieving the full value of strategic and operational improvement. This is an important and thought-provoking manual for anyone in the private equity space."
?Ben Gray, Managing Partner, BGH Capital; former Joint Managing Partner, TPG Asia
"Through hands-on experience and keen observation at scores of companies, the authors have captured what's at the heart of every successful deal?the partnership between the investing and operating pros at the private equity firm and the CEO and management team at the portfolio company."
?Stewart Kohl, Co-CEO, The Riverside Company
THOMAS C. ANDERSON is a long-time Operating Partner, Chairman, and Board Director, previously with The Riverside Company, a global investment firm focused on the middle-market. He currently works with companies in active Board roles to accelerate growth and prepare for successful transactions.
MARK G. HABNER is CEO of BeckWay Group, which he co-founded with Anderson as an operating company serving private equity and their portfolio companies, providing hands-on expertise to accelerate sustainable earnings growth.
List of Figures xi
Foreword xv
Preface xxi
About the Authors xxv
Acknowledgments xxix
Introduction 1
Core Audience 4
Organization of the Book 6
Chapter 1: Private Equity 9
The Asset Class 11
The Middle-Market 17
The Investment Cycle 22
The Motivation 24
Chapter 2: New Ownership 31
The Ideal Partnership 33
Anticipating Management Sentiment 36
Key Investment Period Roles 42
Operating Partner Involvement 49
Core Values 55
Chapter 3: Month 1: Consternation 59
Onboarding Together 62
Confirming Portco Leadership 69
Teaming Authentically 77
Overcoming Resistance 81
Chapter 4: Month 2: This Might Be Okay 87
Baselining the Investment Period 90
Reporting Monthly Financials 94
Starting with Momentum 97
Identifying Value Sources 101
Chapter 5: Month 3: Guarded Enthusiasm 113
Generating and Aggregating Ideas 116
Evaluating and Prioritizing Opportunities 122
Profiling and Planning Initiatives 127
Suspending Strategic Planning Formalities 137
Finalizing the Value Creation Plan 141
Chapter 6: Quarter 2: A Bit Overwhelmed 147
Ensuring Leadership Coverage 150
Organizing the Value Creation Team 159
Managing the Value Creation Program 162
Targeting, Tracking, and Triaging Value Creation 165
Chapter 7: Quarter 3: Gaining Momentum 173
Managing with Performance Indicators 176
Standardizing Operating Cadence 182
Incorporating the Board of Directors 189
Overcoming Bumps in the Road 195
Chapter 8: Quarter 4: Ringing the Bell 203
Confirming VCP Results 206
Rewarding Success 210
Planning Strategy Pragmatically 212
Integrating Plans and Budgets 216
Investment Period Outputs 227
Chapter 9: Year 2: Improving Infrastructure 229
Organizing Effectively 231
Operating Efficiently 238
Sourcing Strategically and Spending Economically 247
Financing Internally 256
Chapter 10: Year 3: Expanding Beyond 263
Optimizing Profitability 266
Pricing Intelligently 271
Pipelining Systematically 279
Integrating Pragmatically 286
Chapter 11: Year X: The Exit 297
Exit Timing 300
The Exit Process 302
Exit Preparation 305
Enjoying the Rewards 309
Chapter 12: Conclusion 313
References 317
Index 319
Erscheinungsjahr: | 2020 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Importe, Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | 368 S. |
ISBN-13: | 9781119635185 |
ISBN-10: | 1119635187 |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: |
Anderson, Thomas C
Habner, Mark G |
Hersteller: | Wiley |
Verantwortliche Person für die EU: | Wiley-VCH GmbH, Boschstr. 12, D-69469 Weinheim, product-safety@wiley.com |
Maße: | 231 x 160 x 36 mm |
Von/Mit: | Thomas C Anderson (u. a.) |
Erscheinungsdatum: | 10.12.2020 |
Gewicht: | 0,59 kg |
THOMAS C. ANDERSON is a long-time Operating Partner, Chairman, and Board Director, previously with The Riverside Company, a global investment firm focused on the middle-market. He currently works with companies in active Board roles to accelerate growth and prepare for successful transactions.
MARK G. HABNER is CEO of BeckWay Group, which he co-founded with Anderson as an operating company serving private equity and their portfolio companies, providing hands-on expertise to accelerate sustainable earnings growth.
List of Figures xi
Foreword xv
Preface xxi
About the Authors xxv
Acknowledgments xxix
Introduction 1
Core Audience 4
Organization of the Book 6
Chapter 1: Private Equity 9
The Asset Class 11
The Middle-Market 17
The Investment Cycle 22
The Motivation 24
Chapter 2: New Ownership 31
The Ideal Partnership 33
Anticipating Management Sentiment 36
Key Investment Period Roles 42
Operating Partner Involvement 49
Core Values 55
Chapter 3: Month 1: Consternation 59
Onboarding Together 62
Confirming Portco Leadership 69
Teaming Authentically 77
Overcoming Resistance 81
Chapter 4: Month 2: This Might Be Okay 87
Baselining the Investment Period 90
Reporting Monthly Financials 94
Starting with Momentum 97
Identifying Value Sources 101
Chapter 5: Month 3: Guarded Enthusiasm 113
Generating and Aggregating Ideas 116
Evaluating and Prioritizing Opportunities 122
Profiling and Planning Initiatives 127
Suspending Strategic Planning Formalities 137
Finalizing the Value Creation Plan 141
Chapter 6: Quarter 2: A Bit Overwhelmed 147
Ensuring Leadership Coverage 150
Organizing the Value Creation Team 159
Managing the Value Creation Program 162
Targeting, Tracking, and Triaging Value Creation 165
Chapter 7: Quarter 3: Gaining Momentum 173
Managing with Performance Indicators 176
Standardizing Operating Cadence 182
Incorporating the Board of Directors 189
Overcoming Bumps in the Road 195
Chapter 8: Quarter 4: Ringing the Bell 203
Confirming VCP Results 206
Rewarding Success 210
Planning Strategy Pragmatically 212
Integrating Plans and Budgets 216
Investment Period Outputs 227
Chapter 9: Year 2: Improving Infrastructure 229
Organizing Effectively 231
Operating Efficiently 238
Sourcing Strategically and Spending Economically 247
Financing Internally 256
Chapter 10: Year 3: Expanding Beyond 263
Optimizing Profitability 266
Pricing Intelligently 271
Pipelining Systematically 279
Integrating Pragmatically 286
Chapter 11: Year X: The Exit 297
Exit Timing 300
The Exit Process 302
Exit Preparation 305
Enjoying the Rewards 309
Chapter 12: Conclusion 313
References 317
Index 319
Erscheinungsjahr: | 2020 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Importe, Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | 368 S. |
ISBN-13: | 9781119635185 |
ISBN-10: | 1119635187 |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: |
Anderson, Thomas C
Habner, Mark G |
Hersteller: | Wiley |
Verantwortliche Person für die EU: | Wiley-VCH GmbH, Boschstr. 12, D-69469 Weinheim, product-safety@wiley.com |
Maße: | 231 x 160 x 36 mm |
Von/Mit: | Thomas C Anderson (u. a.) |
Erscheinungsdatum: | 10.12.2020 |
Gewicht: | 0,59 kg |