Thought Leader | Intellectual Capital | Customer Experience | Senior Executive | Advisor & Consultant
the #ceo of a #privateequity #portfoliocompany has a set of special challenges: a ticking clock, a by-definition activist investor, and, often, a lot of personal upside; it's also true that a very high % of PortCo CEOs don't last in their job through the holding period. A big reason is that they don't set the right parameters, governance, rhythm, and expectations with their operating partners, and this insightful interview of Adam Coffey--a veteran PortCo CEO and operating partner--talks about some of the issues, questions, and answers. Well done by Connor Lott of AlixPartners
In more than 21 years of experience as a CEO, Adam Coffey built 3 national service companies for 9 private equity sponsors. During this period, he completed 58 acquisitions; and on average, the companies he ran delivered a 5x ROIC at exit. Sitting down with my colleague, AlixPartners’ Connor Lott, he discusses the outlook for Private Equity in 2024, and how portfolio company management can best partner with their investors and operators. https://lnkd.in/dgfCHU8E