Member-only story
Unbeknownst to them, leadership would pay the highest price.
If you are even thinking about selling your business to Private Equity, read this to prepare yourself for the most challenging experience you will ever have.
I would love to tell you this process is hard yet manageable. It’s not.
It’s hard, period.
It doesn’t take long for the high IQ private equity team to infiltrate your business and begin to change the high-performing culture that you built.
Your team’s loyalty begins to be tested. The new owner or you.
Conflict is infused as the PE execs start mingling with your leadership.
It is an extreme focus on financial reengineering.
PE is committed to meeting their investors’ expectations. That is the only thing that matters.
Focused & Short-Term.
In our case it was to return 3X the investors’ money. Fund IV Investors, Board of Directors & management team.
100% aligned. It’s an admirable model. Unfortunately, it has its consequences.
There are some cut-throat PE executives.