Services

Working alongside executive management to maximise returns for key stakeholders

We provide project management/board roles to support controlling stakeholders in maximising their returns over prolonged periods. Those stakeholders might include:

• Private equity firms looking to increase the value of portfolio companies, where those investments are encountering significant unexpected change and/or uncertainty.
• Significant shareholders in successful, growing businesses, who believe that their investments would benefit from increased focus and governance at board level;
• Larger corporations wishing to revitalise under-performing divisions in advance of, or as an alternative to, disposal; and
• Banks contemplating taking, or having already taken, control of over-leveraged companies through debt for equity swaps.

When do we get involved?

Ideally we like to get involved as early as possible. For example, where we will be representing a syndicate of banks contemplating taking control of a business, we would prefer to get involved well in advance of any debt for equity swap, to ensure a seamless transition after the change of control

This early work is wholly contingent, and we understand that some projects won’t advance beyond the planning stage for one reason or another.

Board representation

We will join the board of a company either as a non-executive director or chairman, to represent the interests of our stakeholder clients at board level, but importantly also to take a hands-on role in the planning and implementation of whatever actions are required to build value, up to and including delivery of a satisfactory outcome for the stakeholders.

When do we move on?

We would expect each project to have a life of between 18 months and 4 years, although clearly in certain circumstances an earlier exit might be possible. We expect to leave the business when our client achieves its desired result, usually through a full exit.

What do we not do?

We do not seek to supplant the company’s professional advisers including accountants, lawyers and financial advisers: we work alongside them. In particular we will not undertake any activities that are regulated by the Financial Conduct Authority (“FCA”), including the provision of investment advice or invitations to engage in investment activity, and therefore we are not regulated by the FCA.