PE Profit Ladder Articles
2024: Top Women in Franchising
Each year, 1851 Franchise does a roundup of the most influential and successful women in the franchising industry. In this installment, we speak with Alicia Miller, founder and managing director of Emergent Growth Advisors.
Big Money in Franchising Becomes #1 Best Seller on Amazon
Big Money in Franchising: Scaling Your Enterprise in the Era of Private Equity achieved #1 Best Seller status in the Business Franchise category, only two days after officially launching on Amazon. #bigmoneyinfranchising #franchising #privateequity #peprofitladder
Franchise Masters Podcast - Private Equity in Franchising
Alicia Miller, an author, joins the podcast to walk us through insights about private equity in franchising (at both the franchisor and franchisee level). Alicia has analyzed private equity’s extensive involvement in franchising and offers a candid under-the-hood perspective that hasn’t been very public before. Alicia has deep ties within the private equity and franchising world. She’s also just released a book that covers this very topic called “Big Money in Franchising: Scaling Your Enterprise in the Era of Private Equity.” This episode is packed with nuggets and takeaways anyone involved in (or considering getting involved in) franchising can benefit from.
Vetted Biz podcast: Franchise & Private Equity
Join us in this captivating interview with Alicia Miller, the brilliant mind behind Emergent Growth Advisors, as she uncovers the dynamic world where franchising meets private equity! As a former multi-unit franchisee turned Managing Director, Alicia brings unparalleled expertise to the table. Discover her journey, motivation behind writing a book, and invaluable insights into the intricate realms of ground-up franchise development versus acquisition strategies. In this enlightening conversation, Alicia delves into her current endeavors with private equity funds and franchise brands, shedding light on distinguishing franchise investment strategies and the pivotal role of boards in shaping franchise brands. Reflecting on her rich experiences, Alicia offers nuggets of wisdom and indispensable advice, underlining the significance of advisory boards and independent associations in navigating the ever-evolving franchising landscape.
Emergent Founder Named to 2024 Top Franchise Influencer List
Alicia Miller was named to SEOSamba's Top 100 Franchise Influencer list for her passion for the franchise sector and relentless pursuit of excellence in franchising.
PE Profit Ladder Market Watch Newsletter: Largest franchisee in the world seeks majority exit? No, it's just the 6th recap.
A great example of the PE Profit Ladder to accelerate growth. Although the press initially hinted that Flynn Group was for sale, in reality this is just a recap (the 6th)...and happens to be an excellent example of the PE Profit Ladder. Goldman Sachs Capital Parters invested from 2001-2005, Weston Presidio 2005-2011. GS returned in 2011 to invest again. The Ontario Teachers Pension Plan and Main Post along with management invested in 2014. After ten years it is time to return some funds to pension investors (OTPP and MP may roll some forward). Direct investing by pension funds and sovereign wealth funds grew 16% per year from 2009 to 2017 according to Boston Consulting Group. OTPP's good outcome here will likely inspire more direct investment in the franchise sector. But given the deal backlog we'll also see more LPs and direct investors pushing for good exits like we're seeing here with Flynn....hold times have extended and there is a bit of a backlog. This is not an exit and the management team is staying in place The existing investors are exiting and new investors are coming in. #peprofitladder #qsr #franchising #privateequity
PE Profit Ladder Market Watch Newsletter: Camp Bow Wow Acquired by PE-Backed Propelled Brands
When franchise brands sell to non-franchise strategics they often tumble back out (in a fairly predictable way) if/when the strategic's priorities change, especially if franchising is outside their core business model. Camp Bow Wow was acquired by pet hospital chain VCA back July 2014 when CBW had 152 locations...today CBW has around 230. Coming back into the franchise family and especially into a multi-brand platform will likely be very positive for this great brand! Dogtopia in particular likely benefitted from a 10 year run where CBW had 52% unit expansion under VCA while Dogtopia enjoyed 800% unit expansion during the same period. Does Dogtopia have a history of private equity support? You bet. At both the brand and multi-unit owner level. #bigmoneyinfranchising #privateequity #franchising
Big Money in Franchising Is #1 New Release on Amazon
Big Money in Franchising: Scaling Your Enterprise in the Era of Private Equity achieved the distinction of being the #1 New Release hardcover title in the Business Franchise category on Amazon, while still in pre-order. The book will be available March 12, 2024. #bigmoneyinfranchising #franchising #privateequity #peprofitladder
Crowded Field, Consolidation, Proactive PE Owners Among 2024 Franchise Trends
In the franchise sector we have much to be optimistic about heading into 2024. There are also clear opportunities: franchise sales & private equity's impact on franchising.
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