Restructuring the Hold

The growth of private equity as an investment asset class has skyrocketed in recent years, and if you're not directly or indirectly involved in private equity now, there's a very good chance you soon will be. For many that's far from a comforting thought, particularly for those whose exposure to private equity is limited to the likes of Gordon "Greed is Good" Gekko from the 1987 chart-topping movie, Wall Street. Yet, gone are the days where firms could buy companies cheaply, lever them up with debt, monitor loosely, and then sell at high exit multiples. Today it's all about the real and hard work of creating true and sustainable business value that benefits everyone-company management, employees, and investors alike. In Restructuring the Hold: Optimizing Private Equity and Portfolio Company Partnerships, Anderson and Habner draw together their exceptional experience in middle-market private equity to illuminate how management teams and their private equity partners can collaborate for a successful and exciting investment period, characterized by individual development, team accomplishments, accelerated value creation, and outsized returns for all. Restructuring the Hold walks the reader through a representative middle-market investment period and illustrates the tools and techniques that result in successfully optimizing value. It explains how to establish a collaborative partnership, enact an effective operating cadence, and ensure an evergreen value creation approach. By revealing what to expect, how to avoid pitfalls, where to find opportunity, and how to achieve accelerated results, Restructuring the Hold provides a clear and useful guide for anyone involved in the exciting world of private equity.