In companies backed by private equity, the CFO is often hired to enhance the finance function’s professionalism. That can mean better reporting, stronger controls, cleaner forecasting, more disciplined processes, and, in many cases, a major systems upgrade. For founder-led or family-owned businesses taking on institutional capital for the first time, …
Change Management: The CFO Skill That Makes Transformation WorkRead More »
Townsend Search Group is pleased to announce that Andy Matles has joined our team as a Director. Matles focuses on C-Suite and senior-level placements for our private equity and middle market clients nationwide. Before moving into executive search, Andy’s career spanned corporate tax and technical roles in the manufacturing industry, …
Executives who have spent most of their careers in public or privately held companies often think they know what it will feel like to run a private equity–backed business. The fundamentals are familiar: strategy, people, execution. But leading in a PE-backed company feels different. The pace is faster, the expectations …
Private equity firms are disciplined about most things: deal sourcing, diligence, and value creation plans, among them. But when it comes to succession planning, according to AlixPartners’ 10th Annual PE Leadership Study, the data suggests a blind spot. According to the study, only 26% of PE-sponsored companies have formal succession …
Succession Planning: An Overlooked Driver of PE PerformanceRead More »
Private equity investors often face a delicate question after acquiring a founder-led company: Should the founder remain involved after the leadership transition? In many cases, there are compelling reasons to say yes. The founder knows the business inside and out. Their relationships with key customers, suppliers, and employees can help …
When the Founder Stays: Balancing Continuity and Change After a PE TransitionRead More »
