Setting the table for private equity
A private equity (PE) firm’s portfolio company, operating in the restaurant and consumer services market, had conducted a successful turnaround, and was well positioned for accelerated profitable growth. With an updated strategic plan and robust understanding of the market dynamics, the company was all set to continue value creation with the new ownership.
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Challenge
In recent years, the company had successfully conducted a turnaround program and was back on an accelerated growth track. To maintain the good growth momentum and prepare for the upcoming exit process, there was a need to analyze emerging growth opportunities, and choose the most lucrative ones for the company to pursue.
Brave the future
August advised the CEO, management team and board in formulating the strategic choices and setting financial targets. To ensure a rapid start in execution, the management team also defined the initiatives and roadmap for generating profitable growth. In addition, August conducted extensive commercial vendor due diligence (CVDD) and market analysis to support the current owner in its exit process.
Impact
Company merged with another restaurant company. Investment community’s initial reactions to the merger news highlighted relatively high valuation multiple, but clear sources of synergies. The new merged entity is well positioned for continued value creation in domestic and international markets.
Client CEO testimonial:
“August’s support in strategy formulation was vital as we prepared for the upcoming exit process. What stands out when working with August is their rigor in handling their responsibilities with the utmost commitment.”