On 3/5/14, Mary Josephs wrote for Forbes magazine that based upon a Bain & Co. report, that there were several reasons why middle market companies would not be getting more attention and investment from PE firms in 2014. In her article which is called “Four Reasons Middle Market Owners Shouldn’t Wait For Private Equity” which can be found at: http://www.forbes.com/sites/maryjosephs/2014/03/05/four-reasons-middle-market-owners-shouldnt-wait-for-private-equity/, Ms. Josephs gives a couple of reasons for why this is to be, including: Continue reading Who is Correct, Bain & Co. or Bain & Co.?
MRA recently helped a PE firm on an acquisition through due diligence and post-acquisition strategic advisory. Regrettably this acquisition is not working out well. Simply stated, the PE firm that acquired the Company ignored some of the “softer” issues needed for success. Most notably the PE firm allowed the acquired company’s brand equity to atrophy and it fought the existing company management’s very unique, yet very pronounced cultural norms. Continue reading The Surprising “Most Frequent” Reason for a Failed Acquisition
In its extensive analysis of the Private Equity Industry for 2011-2012, Bain and Company correctly identifies many of the problems and solutions for the PE industry, but then comes up short on the proper tactics needed to solve the problems. What is worse is that this may be emblematic of the fact that the PE industry itself is incapable of solving one of its most pressing industry problems. Continue reading Bain and Company Gets it Right and Then Misses the Mark