Lessons from Private Equity Any Company Can Use

A look inside the strategy and operations of private equity firms reveals how they often manage to maximize investor value more successfully than private companies, detailing five key disciplines used by PE firms to attain their edge, from ...

Author: Orit Gadiesh

Publisher: Harvard Business Press

ISBN: 9781422124956

Category: Business & Economics

Page: 126

View: 463

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A look inside the strategy and operations of private equity firms reveals how they often manage to maximize investor value more successfully than private companies, detailing five key disciplines used by PE firms to attain their edge, from Invest with a thesis using a specific, appropriate three to five year goal, to Hire, motivate, and retain hungry managers.
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International Private Equity

Senior loans are granted to the “new company”, which makes it easier to ... Memo to the CEO: Lessons from Private Equity Any Company Can Use divides the ...

Author: Eli Talmor

Publisher: John Wiley & Sons

ISBN: 1119973880

Category: Business & Economics

Page: 764

View: 295

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Bringing a unique joint practitioner and academic perspective to the topic, this is the only available text on private equity truly international in focus. Examples are drawn from Europe the Middle East, Africa and America with major case studies from a wide range of business sectors, from the prestigious collection of the London Business School’s Coller Institute of Private Equity. Much more than a simple case book, however, International Private Equity provides a valuable overview of the private equity industry and uses the studies to exemplify all stages of the deal process, and to illustrate such key topics as investing in emerging markets; each chapter guides the reader with an authoritative narrative on the topic treated. Covering all the main aspects of the private equity model, the book includes treatment of fund raising, fund structuring, fund performance measurement, private equity valuation, due diligence, modeling of leveraged buyout transactions, and harvesting of private equity investments.
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Business Knowledge It in Private Equity

Available www.altassets.com/pdfs/freshfields-takeprivate.pdf. Gadiesh, O. and MacArthur, H. (2008). Lessons from Private Equity Any Company Can Use (Memo to ...

Author: Essvale Corporation Limited

Publisher: Essvale Corporation Limited

ISBN: 9781906096533

Category: Electronic books

Page: 210

View: 668

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Deals with the alignment of IT and business of Private Equity. This book introduces IT professionals to the concepts of the business of Private Equity. It includes chapters which cover the following topics: overview of the Private Equity industry; sources of funds for investing; types of funds; and, industry sectors.
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Private Equity 4 0

For industry executives, the reasons behind private equity's success are easy ... O. and MacArthur, H., “Lessons from private equity any company can use”, ...

Author: Benoît Leleux

Publisher: John Wiley & Sons

ISBN: 9781118939833

Category: Business & Economics

Page: 288

View: 970

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“Private equity is more economically significant than ever, as institutions hunt for high returns in a risky world. Private Equity 4.0 examines the role, workings and contribution of this important industry in a straightforward yet revealing manner.” Dr. Josh Lerner Jacob H. Schiff Professor of Investment Banking Chair, Entrepreneurial Management Unit Harvard Business School A multi-perspective look at private equity's inner workings Private Equity 4.0 provides an insider perspective on the private equity industry, and analyzes the fundamental evolution of the private equity asset class over the past 30 years, from alternative to mainstream. The book provides insightful interviews of key industry figures, and case studies of some of the success stories in the industry. It also answers key questions related to strategy, fund manager selection, incentive mechanisms, performance comparison, red flags in prospectuses, and more. Private Equity 4.0 offers guidance for the many stakeholders that could benefit from a more complete understanding of this special area of finance. Understand the industry's dominant business models Discover how value is created and performance measured Perform a deep dive into the ecosystem of professionals that make the industry hum, including the different incentive systems that support the industry's players Elaborate a clear set of guidelines to invest in the industry and deliver better performance Written by a team of authors that combine academic and industry expertise to produce a well-rounded perspective, this book details the inner workings of private equity and gives readers the background they need to feel confident about committing to this asset class. Coverage includes a historical perspective on the business models of the three major waves of private equity leading to today's 4.0 model, a detailed analysis of the industry today, as well as reflections on the future of private equity and prospective futures. It also provides readers with the analytical and financial tools to analyze a fund's performance, with clear explanations of the mechanisms, organizations, and individuals that make the system work. The authors demystify private equity by providing a balanced, but critical, review of its contributions and shortcomings and moving beyond the simplistic journalistic descriptions. Its ecosystem is complex and not recognizing that complexity leads to inappropriate judgments. Because of its assumed opacity and some historical deviant (and generally transient) practices, it has often been accused of evil intents, making it an ideal scapegoat in times of economic crisis, prodding leading politicians and regulators to intervene and demand changes in practices. Unfortunately, such actors were often responding to public calls for action rather than a thorough understanding of the factors at play in this complex interdependent system, doing often more harm than good in the process and depriving economies of one of their most dynamic and creative forces. Self-regulation has clearly shown its limits, but righteous political interventions even more so. Private equity investment can be a valuable addition to many portfolios, but investors need a clear understanding of the forces at work before committing to this asset class. With detailed explanations and expert insights, Private Equity 4.0 is a comprehensive guide to the industry ways and means that enables the reader to capture its richness and sustainability.
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Guide to Management Ideas and Gurus

... In their book Lessons from Private Equity Any Company Can Use , Orit Gadiesh and Hugh MacGregor , two consultants from Bain & Company , list six lessons ...

Author: Tim Hindle

Publisher: John Wiley & Sons

ISBN: 1846681081

Category: Business & Economics

Page: 322

View: 221

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Good management is a precious commodity in the corporate world. Guide to Management Ideas and Gurus is a straight-forward manual on the most innovative management ideas and the management gurus who developed them. The earlier edition, Guide to Management Ideas, presented the most significant ideas that continue to underpin business management. This new book builds on those ideas and adds detailed biographies of the people who came up with them-the most influential business thinkers of the past and present. Topics covered include: Active Inertia, Disruptive Technology, Genchi Genbutsu (Japanese for "Go and See for Yourself"), The Halo Effect, The Long Tail, Skunkworks, Tipping Point, Triple Bottom Line, and more. The management gurus covered include: Dale Carnegie, Jim Collins, Stephen Covey, Peter Drucker, Philip Kotler, Michael Porter, Tom Peters, and many others.
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International Investments in Private Equity

Lessons from private equity any company can use. Cambridge, MA: Harvard Business School Press. Gogineni, S., & Megginson, W. L. (2010).

Author: Peter Klaus Cornelius

Publisher: Academic Press

ISBN: 0123785820

Category: Business & Economics

Page: 328

View: 546

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How can private equity investors exploit investment opportunities in foreign markets? Peter Cornelius uses a proprietary database to investigate and describe private equity markets worldwide, revealing their levels of integration, their risks, and the ways that investors can mitigate those risks. In three major sections that concentrate on the risk and return profile of private equity, the growth dynamics of discrete markets and geographies, and opportunities for private equity investments, he offers hard-to-find analyses that fill knowledge gaps about foreign markets. Observing that despite the progressive dismantling of barriers investors are still home-biased, he demonstrates that a methodical approach to understanding foreign private equity markets can take advantage of the macroeconomic and structural factors that drive supply and demand dynamics in individual markets. Foreword by Josh Lerner Teaches readers how to investigate and analyze foreign private equity markets Forecasts private equity investment opportunities via macroeconomic and structural factors in individual markets Draws on data from a proprietary database covering 250 buyout and VC funds and 7,000 portfolio companies.
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QFINANCE

Lessons from Private Equity Any Company Can Use Orit Gadiesh, Hugh MacArthur Memo to the CEO Series Boston, Massachusetts: Harvard Business School Press, ...

Author: Bloomsbury Publishing

Publisher: Bloomsbury Publishing

ISBN: 9781472915894

Category: Business & Economics

Page: 2200

View: 713

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QFINANCE: The Ultimate Resource (5th edition) is the first-step reference for the finance professional or student of finance. Its coverage and author quality reflect a fine blend of practitioner and academic expertise, whilst providing the reader with a thorough education in the may facets of finance.
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Institutional Investor Activism

Hedge Funds and Private Equity, Economics and Regulation William W. Bratton, ... Lessons From Private Equity Any Company Can Use (Boston, MA, ...

Author: Nicholas F Gallicchio Profesor of Law and Co-Director Institute for Law & Economics William Bratton

Publisher: Oxford University Press, USA

ISBN: 9780198723943

Category: Business & Economics

Page: 640

View: 380

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The past two decades has witnessed unprecedented changes in the corporate governance landscape in Europe, the US and Asia. Across many countries, activist investors have pursued engagements with management of target companies. More recently, the role of the hostile activist shareholder has been taken up by a set of hedge funds. Hedge fund activism is characterized by mergers and corporate restructuring, replacement of management and board members, proxy voting, and lobbying of management. These investors target and research companies, take large positions in `their stock, criticize their business plans and governance practices, and confront their managers, demanding action enhancing shareholder value. This book analyses the impact of activists on the companies that they invest, the effects on shareholders and on activists funds themselves. Chapters examine such topic as investors' strategic approaches, the financial returns they produce, and the regulatory frameworks within which they operate. The chapters also provide historical context, both of activist investment and institutional shareholder passivity. The volume facilitates a comparison between the US and the EU, juxtaposing not only regulatory patterns but investment styles.
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Venture Capital Investments

'The Effect of Venture Capital on Innovation Strategies'. ... Lessons from Private Equity Any Company Can Use (Memo to the CEO).

Author: Raj Kumar

Publisher: Sage Publications Pvt. Limited

ISBN: 9789353884178

Category: Business & Economics

Page:

View: 259

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Venture Capital is a form of financing provided by wealthy investors, investment banks and other financial institutions to start-ups and small- to medium-sized enterprises with strong growth potential in exchange of private equity stakes. These investors are also known as venture capitalists. With the rise of start-ups and small ventures, the market of venture capitalist and the interest of people in venture capitalism are also increasing. The valuation of the firms done by the venture capitalist at the beginning is not just a betting game. It is a thorough research done using different strategies and computing formulas. Venture Capital Investments gives a fundamental understanding of various aspects of venture capital covering the nature of investments, deal evaluation, structure, economics and fundraising. It discusses the challenges a venture capitalist faces right from raising funds to evaluating a potential deal and exit valuation. The book begins by covering the difference between the private market and the public market. Finally, it discusses fund economics and fund structure in venture capital firms. The book will be a helpful read for entrepreneurs who want to get into the shoes of a venture capitalist and understand how they valuate a firm or a start-up. It will also be an informative read for the aspiring venture capitalists who are interested to enter the venture capital market.
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Promoting Economic Recovery and Job Creation

economy " ( " Lessons from Private Equity Any Company Can Use , " Harvard Business Press , Orit Gadiesh and Hugh MacArthur , 2008 ) .

Author: United States. Congress. House. Committee on Financial Services

Publisher:

ISBN: UCSD:31822037826724

Category: Economic development

Page: 150

View: 942

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Private Equity Unchained

Gadiesh, O. and H. MacArthur (2008) Lessons from Private Equity Any Company Can Use (Memo to the CEO) (Harvard Business Review Press).

Author: T. Meyer

Publisher: Springer

ISBN: 9781137286826

Category: Business & Economics

Page: 320

View: 130

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There are significant returns to be made from private equity, infrastructure, real estate and other illiquid investments, but a competitive strategy is essential for investment success and for meeting objectives. This book takes readers through all the considerations of planning and implementing an investment strategy in illiquid investments.
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Finance Essentials

Lessons from Private Equity Any Company Can Use. Cambridge, MA: Harvard Business School Press, 2008. Terjesen, Siri, and Howard Frederick.

Author: Scott Moeller

Publisher: Bloomsbury Publishing

ISBN: 9781849300599

Category: Business & Economics

Page: 640

View: 626

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Collated by Scott Moeller of Cass Business School, this collection brings together the informative articles a budding finance practitioner needs to operate effectively in today's corporate environment. Bringing together core finance knowledge and cutting-edge research topics in an engaging and effective way, this text is the ideal companion for all practitioners and students of finance. You will find insights into the practical applications of theory in key areas such as balance sheets and cash flow, financial regulation and compliance, funding and investment, governance and ethics, mergers and acquisitions, and operations and performance. Contributors to this collection include some of the leading experts in their respective fields: Aswath Damodaran, Harold Bierman, Jr, Andreas Jobst, Frank J. Fabozzi, Ian Bremmer, Javier Estrada, Marc J. Epstein, Henrik Cronqvist, Daud Vicary Abdullah, Meziane Lasfer, Dean Karlan, Norman Marks, Seth Armitage, and many others. In this collection you will discover: * Over 80 best-practice articles, providing the best guidance on issues ranging from risk management and capital structure optimization through to market responses to M&A transactions and general corporate governance * Over 65 checklists forming step-by-step guides to essential tasks, from hedging interest rates to calculating your total economic capital * 55 carefully selected calculations and ratios to monitor firms' financial health * A fully featured business and finance dictionary with over 5,000 definitions
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Financing and Raising Capital

Lessons from Private Equity Any Company Can Use. Cambridge, MA: Harvard Business School Press, 2008. Terjesen, Siri, and Howard Frederick.

Author: Bloomsbury Publishing

Publisher: Bloomsbury Publishing

ISBN: 9781472924681

Category: Business & Economics

Page: 256

View: 907

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The success of your business can depend on having access to the necessary capital. Financing and Raising Capital shows how all types of company can meet the challenge of obtaining funds for growth and special projects. Comprehensively explaining the basics for both entrepreneurs and corporate finance professionals, it provides authoritative analysis and strategies. Let the experts guide you through the process of raising capital, with contributions from over 30 leading practitioners and academics, including Lawrence Brotzge (consultant and angel investor), David Wyss (chief economist, Standard & Poor's), Frank J. Fabozzi (professor, Yale), Seth Armitage (professor, Edinburgh), and Augusto de la Torre (chief economist, Latin America and the Caribbean, World Bank).
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Escape the Improvement Trap

It does not matter where you fit in the organizational hierarchy. Nor does it matter if you work in ... Lessons from Private EquityAny Company Can Use.

Author: Michael Bremer

Publisher: CRC Press

ISBN: 9781439817971

Category: Business & Economics

Page: 319

View: 724

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Written by two experts who have dedicated their careers to quality improvement, Escape the Improvement Trap: Five Ingredients Missing in Most Improvement Recipes separates itself from other improvement books by looking at why most companies rarely achieve anything more than an average level of improvement maturity. They identify five critical ingre
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Third Generation Leadership and the Locus of Control

'After all, the role of a CEO is to run an efficient organisation that provides ... Lessons from Private Equity Any Company Can Use, 2008, Bain & Company, ...

Author: Douglas G. Long

Publisher: CRC Press

ISBN: 9781317010630

Category: Business & Economics

Page: 224

View: 771

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There have been two critical leadership approaches. First Generation Leadership (command and control) was the dominant model until the 1940s. Second Generation Leadership (compliance coupled with rewards and punishments) is still dominant today. This approach is being rejected by 'Generation Y ', threatening the longevity of traditional organisations. In Third Generation Leadership and the Locus of Control, Douglas Long acknowledges the need for a leadership approach that elicits engagement, commitment, and enhanced personal, group, and organisational accountability. This is Third Generation Leadership. At its core lies the issue of where we centre our brain's locus of control and how this impacts on our understanding of and approach to leadership. With examples from everyday situations, underpinned by research, this book is about understanding and applying aspects of neuroscience critical for tomorrow's world. It provides a framework for addressing problems through insights into how the way we use our brains affects values, worldviews and behaviours. The author introduces the concept of 'red zone - blue zone' to explain the differences between a brain controlled by its stem-limbic areas (red zone) and the limbic-cortical cortex areas (blue zone). This becomes a short hand for describing and applying knowledge from neuroscience to encourage practitioners in leadership and management roles to achieve desired outcomes through becoming acquainted with different areas of their brain. Anyone grappling with what is required to deal with Generation Y people in a networked and mobile age will welcome this introduction to the world of third generation leadership.
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The Economics of the Publishing and Information Industries

Lessons from Private Equity Any Company Can Use. Boston: Harvard Business Press, 2008. Gammell, Irene and Elizabeth Epperly (Eds.).

Author: Albert N. Greco

Publisher: Routledge

ISBN: 9781317579267

Category: Language Arts & Disciplines

Page: 320

View: 433

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Books, scholarly journals, business information, and professional information play a pivotal role in the political, social, economic, scientific, and intellectual life of nations. While publications abound on Wall Street and financial service companies, the relationship between Wall Street’s financial service companies and the publishing and information industries has not been explored until now. The Economics of the Publishing and Information Industries utilizes substantive historical, business, consumer, economic, sociological, technological, and quantitative and qualitative methodologies to understand the people, trends, strengths, opportunities, and threats the publishing industry and the financial service sector have faced in recent years. Various developments, both economic and demographic, contributed to the circumstances influencing the financial service sector’s investment in the publishing and information industries. This volume identifies and analyzes those developments, clearly laying out the forces that drove the marriage between the spheres of publishing and finance. This book offers insight and analysis that will appeal to those across a wide variety of fields and occupations, including those in financial service firms, instructors and students in business, communications, finance, or economics programs, business and financial reporters, regulators, private investors, and academic and major public research libraries.
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The Business Case Checklist

Venture Capital Due Diligence: A Guide to Making Smart Investment choices and Increasing Your Portfolio ... Lessons from Private Equity Any Company Can Use.

Author:

Publisher: Business Case Pro LLC

ISBN: 9780982376188

Category:

Page:

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Cut Costs Grow Stronger A Strategic Approach to What to Cut and What to Keep

... former General Counsel of General Electric Lessons from Private Equity Any Company Can Use by Orit Gadiesh and Hugh MacArthur, Bain & Company, ...

Author: Paul Leinwand

Publisher: Harvard Business Press

ISBN: 9781422161807

Category: Business & Economics

Page: 64

View: 600

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For most companies, cost cutting in a down economy means across-the-board slashing that "spreads the pain" of budget reductions across many departments. While that may sound like the best approach for getting critical results fast and for limiting political infighting, it is a mistake-one that will leave your company weaker, not just smaller. Instead, companies that need to reduce costs should treat the challenge as an opportunity to identify and reinforce their key capabilities, while divesting from those activities that do not truly reflect the business's strengths or long-term goals. This more strategic approach will make your company more resilient as tough times continue and more robust as recovery begins. In Cut Costs, Grow Stronger, an e-book published as part of the Harvard Business Press Memo to the CEO series, Booz & Company's Shumeet Banerji, Paul Leinwand and Cesare Mainardi provide executives with the tools they need to rapidly implement capabilities-driven cost reduction. First they demonstrate how to identify and clearly articulate your company's key capabilities-not just core competencies or skill sets, but those very few strengths that, in combination, define how your organization competes. You can then use this information to create your company's unique blueprint for effective and efficient cost reduction. The authors' detailed, step-by-step framework walks you through the process, which can be completed in as little as two or three months-it's something that you can do now. This practical guide to capabilities-driven cost-cutting is the tool executives need to confront the challenge of today's economy while strengthening the foundation for what will set their company apart in the future.
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Succession

... former General Counsel of General Electric Lessons from Private Equity Any Company Can Use by Orit Gadiesh and Hugh MacArthur, Bain & Company, ...

Author: Marshall Goldsmith

Publisher: Harvard Business Press

ISBN: 9781422118238

Category: Business & Economics

Page: 110

View: 493

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A leader's greatest challenge can be knowing when it's time to step aside. A great deal has been written for corporate boards on the issue of succession planning. But most executives have few resources to help guide them through the process. How do you start preparing yourself--and your successor--for your inevitable leadership transition? In this concise book, leading executive coach and bestselling author Marshall Goldsmith offers candid advice on succession from the outgoing executive's perspective. From choosing and grooming a successor while sidestepping political minefields, to finally handing over responsibility, Goldsmith walks you through each step in the succession process. Done right, your successor can enter to applause while you gracefully bow out and start the next chapter of your life.
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