Occasional thoughts, news, research, and financial best practices as they relate to building value in lower middle market PE portfolios.


3006, 2018

The Case for Outliers

June 30th, 2018|

A recent survey of 100 PE firm partners and portfolio company CEOs conducted by a partnership of Vardis and AlixPartners revealed that CEO turnover occurs during the hold period in 73% of PE deals.  Based on my 13 years of working with lower middle market (LMM) PE portfolio companies, I would say 73% figure is too conservative in the LMM.

1406, 2018

How to Solve CEO Turnover in PE Companies

June 14th, 2018|

A majority of the CEOs tasked with transforming PE portfolio companies into lucrative exits are instead being replaced within the first two years of the investment, thereby putting both the reality of those plans and their timetables in real jeopardy. Meaning that solving CEO turnover in PE companies is critical to industry success.


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