Private Equity and Professionalization of Management Boards in Family and Divisional Buyouts


Speaker


Abstract

In terms of numbers, Family Firm buy-outs and Divisional buy-outs constitute the majority of buy-out deals with respectively 42% and 30%. In terms of total value they take the lion share of the buy-out market with percentages 15 and 40 percent (source: European Buyouts report 2014, CMBOR Imperial College London). In recent years, PE firms have shifted their strategic focus from financial engineering to extracting value revenue-building initiatives in buy-out firms. Their understanding of firms and competitive dynamics of the business, together with their experience of portfolio companies that share a similar profile, appears an asset for building more effective boards of their portfolio firms. Therefore, this half day conference is a timely effort to get more insight in non-monetary value added by strategic expertise and networks of PE in divisional and family firm buy-outs. From an academic and practitioners perspective it unveils developments of exploiting the mid-market of buyouts. Professor Wright (Imperial College and Ghent) presents recent outcomes of research on professionalization of management boards in private equity backed family firm buyouts. Zoran van Gessel (Bencis Capital) shows where a private equity investor can contribute the most to professionalize the management after the buyout. Entrepreneur Wiet de Bruijne (CEO of Veen Bosch & Keuning) reports how he and his management team developed a new business model for the buy-out from NDC, and how strategic change in agreement with his private equity investor was achieved.

This seminar will take account of how PE investors and managers/entrepreneurs can offer unique capabilities where and how to professionalize management post-buyout and thus mobilize effective transformational efforts to create untapped value.

 

Panel Discussion

Sharing academic research and practical experience in the contexts of family firm and divisional buy-outs, the seminar will strive to highlight key issues that can improve our understanding of how professionalization of management in Private Equity backed buy-outs can create economic value on the short and the longer term.

 

Programme

12.30-13.30    Reception/Lunch

 

13.30               Welcome words

 

13.45               Presentation by Mike Wright (Imperial College London)  

 

14.30               Presentation by Zoran van Gessel (Bencis Capital)

 

15.15               Break      

 

15.45               Presentation by Wiet de Bruijn (publisher Veen-Bosch-Keuning)

 

16.30               Presentation by Hans Bruining (RSM Erasmus University)

 

17.00               Panel Discussion

 

17.30               Drinks in foyer

 

Please confirm your attendance to: secr.dept4@rsm.nl