Tom Chinonis

The Evolving Private Equity CFO: New Leadership Requirements Emerge from 2025 Market Outlook

MorganFranklin Consulting’s “Private Markets 2025 Outlook: Resurgence in Deal Activity, Liquidity” paints an optimistic view of dealmaking in the new year, and points to continuing shifts in the private equity landscape. As executive recruiters specializing in PE portfolio leadership, we see these market dynamics impacting what PE firms require from …

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Designing Executive Compensation That Drives Value Creation in PE Portfolio Companies

Designing effective executive compensation in private equity portfolio companies requires walking a tightrope. Get it right, and you create powerful alignment between management incentives and value creation goals, driving both operational improvements and successful exits. Get it wrong, and you risk everything from lackluster performance to the loss of key …

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FTC Finalizes Sweeping Changes to Hart-Scott-Rodino Act Pre-Merger Notification Rules

On October 10, 2024, the U.S. Federal Trade Commission (FTC) finalized sweeping changes to the Hart-Scott-Rodino Act (HSR) premerger notification rules (“Updated HSR Rules”), introducing substantial changes to disclosure and reporting requirements for transactions. As discussed in our previous analysis of the proposed changes, these Updated HSR Rules significantly increase …

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Building Momentum: Finding Leaders to Drive PE Portfolio Company Growth

Bain & Company recently released an analysis titled “Searching for Momentum: Private Equity Midyear Report 2024” (the “Report”). Here’s how Bain frames its findings: “The industry appears to have finally found its footing. Now comes the hard part.” Among the many challenges that constitute this “hard part,” one stands out …

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Has Private Equity Roll-Up Strategy Run its Course?

On January 5, 2023, the Federal Trade Commission (FTC) proposed a new rule that would ban post-termination non-compete clauses and require employers to rescind existing ones. The FTC argues that non-compete clauses — which impede an individual’s ability to enter into or start a similar profession or trade — stifle worker mobility and wage growth. The ruling would essentially render existing and future agreements non-enforceable, subject to a narrow exception for owners or partners of a business.