PE Profit Ladder Articles
PE Profit Ladder Market Watch Newsletter: M&A predictions for 2024
The PE Profit Ladder will be highly visible this year! We'll see solid and largely opportunistic exits this year as PE firms seek to monetize holdings that were not ready to trade in the 2H2020-1H2022 wave. Others will make strategic carveouts from their current platform holdings, to return some capital to investors. 2023 M&A was slower as interest rates increased of course, but with better signals now there will be more movement in 2024. There is still $2.59 trillion of dry powder (per S&P Global) and a $2.8 trillion looming exit pileup (per Bain & Co.) But I predict significant activity this year will be around getting assets ready (making them as pretty as possible) for a bigger M&A push in early 2025. #PEprofitladder #privateequity #mergersacquisitionsdivestitures #wheretospendallthatdrypower
To Improve Online Marketing, Should Franchisors Rethink Website Control?
Innovative brands are embracing an alternative website strategy: multiple web domains. A hybrid digital approach empowered by AI tools that balance brand control with localized franchisee presence can allow brands to connect with customers in a more meaningful way, drive engagement, and unlock new growth...while also improving visibility about your franchise business opportunity.
All Things Considered Podcast - Private Equity's Impact on Franchising
All Things Considered Podcast - Private Equity's Impact on Franchising
Mastermind Minutes Interview - PE's Impact on Franchising
Mastermind Minutes Interview - PE's Impact on Franchising
Seven Qualities of the Most Successful Serial Entrepreneurs
Serial entrepreneurs embrace smart risk-taking because they know that’s where reward is found.
PE Profit Ladder Market Watch Newsletter: Subway Emphasizes International, Pending Roark Acquisition
The PE Profit Ladder is at work at the top end of the market as well. Predictably, Subway is focused on recruiting experienced QSR MUOs to build out international markets to off set US closures. The international opportunity is indeed tremendous. Experienced turnaround CEO John Chidsey has made good progress so far on the plan. It is interesting that in recent interviews (e.g. Yahoo Finance) he mentioned how he appreciated having no debt when privately held...which allowed him to invest in the business and do some things needed to support the brand turnaround. That will certainly change under Roark, which is likely to put a massive amount of debt on the books and take a big cash distribution within 6 months of the acquisition. #peprofitladder
The Secret to a Successful Sale — Expert Tips to Navigate Common Deal Derailers
The more you can anticipate potential deal de-railers, the more likely you'll have a successful exit transaction worthy of your time, investment and effort. These derailers are, unfortunately, much more common than many business owners realize. Preparation is key!
What Happens When PE Invests At the Outlet Level. Is Activism Next?
It is usually a good sign when PE invests at the outlet level - because it signals unit level economics are attractive. But what happens when PE investors later become the majority of franchisees in a system? How do relationship dynamics change? Are franchisor management teams (even brands PE-backed themselves) prepared?
Franchise Times Investment Show
How has private equity changed due diligence for prospective franchisees? Listen to my interview with Franchise Times Editor-in-Chief Laura Michaels to kick off the FT Investment Show.
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PE Profit Ladder® Market Watch Newsletter
PRIVATE EQUITY’S IMPACT ON FRANCHISING
EMERGING BRANDS
TRENDS
BUILDING SMART
PROSPECTIVE FRANCHISEES
TURNAROUNDS & CASE STUDIES