PRINT THIS PAGE

Value-creation in buy-outs

It may take up to five years for a private equity investment to mature and even then it can only be realised on exit. So, asks Jon Moulton of Alchemy, what can fund managers do in the interim period to add value to their portfolios and ensure the best exit price?

Plan for exit right from the start. The economic climate has made investments far more illiquid and receivership is now the most common form of exit. Appreciate and understand current valuations, even making some new investments as prices stand at record lows.

Copyright © Alchemy Partners 2002

Click here to view presentation (pdf 48kb)

You need Adobe Acrobat to read this document. If you do not have it, you can download it free from www.adobe.com/products/acrobat/readstep.html 

Alchemy is a private equity advisory business based in London, with a consultant in Frankfurt, specialising in buy-outs, buy-ins and the provision of later stage development capital. As well as the UK and Germany, Alchemy is also active in Switzerland and Austria. The minimum investment starts at £5m. Alchemy was formed in January 1997 and is led by Managing Partner Jon Moulton. Alchemy has advised on over 70 transactions which have completed with over £800 million of equity invested to date. Particular areas of specialisation are turnaround transactions and public to private opportunities with 17 undertaken to date.