Wednesday, July 31, 2019

July 31, 2019 - Captives likely to go on CXO hiring spree

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TradeBriefs Editorial

From the Editor's Desk

The 6 Things A Private Equity Firm Will Do After They Buy Your Business

Private equity has become an attractive alternative for many entrepreneurs looking to sell their business as they seek to find places to put their funds to work. That raises plenty of questions from these would-be sellers around what will happen to the business if a PE firm buys it?

1. The first thing to know is that the PE firm will want to keep you, the founder, around after the sale.
2. The second thing to know is that you will eventually be fired (or quit).
3. Another aspect to know about when a PE firm takes over is that they will put debt on the business. A lot of debt- perhaps four to five times EBITDA.
4. PE firms will also kill your company's sacred cows early on- those things that you have considered important to the running of the business which might not look as important to an analytical outsider.
5. PE firms will sweat your assets.
6. PE firms will also pay themselves special distributions with any extra cash they can generate inside the business.

More here

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