This in-depth interview focuses on private equity's impact especially on emerging brands and how brands can set themselves up for growth, success, ....and potentially a PE transaction down the road.
Alicia Miller, founder and managing director of Emergent Growth Advisors, shares how smart franchise entrepreneurs can find the right capital partners to reach their goals and how franchisees can factor private equity into their own growth plans.
This blog update provides an overview of M&A activity and implications for franchising. Bottom line - next year is shaping up to be extremely busy for M&A. Prospective sellers need to act now to maximize their value tomorrow.
This discussion focuses on how founders and franchisees can navigate to reach their own objectives when private equity owns the franchise or when trying to attract PE to fund growth.
New state-level guidance about franchise sales is getting attention right now. But if we really want to embrace responsible franchising, we must also confront weaknesses in how new concepts are launched in the first place.
The National Labor Relations Board (NLRB) said it will not appeal a federal court’s ruling that franchisors and franchisees should not be considered joint employers. Only in rare cases would joint employer be the case, and the franchisor would have to have direct influence over how franchisees manage their staff. This is a critical ruling to protect the essence of the franchise model and removes uncertainty.
Entrepreneurship by acquisition (ETA) is a growing trend we're also seeing in franchising. More independent sponsors (usually young post-grads looking for franchisor businesses to buy) are raising money and looking for acquisition opportunities. They are active in the franchise sector. Emerging brands that are still too small to attract traditional private equity are good candidates for this type of partner. More universities are (thankfully) teaching about entrepreneurship by acquisition...and even writing case studies about ETA in franchising...Professor AJ Wasserstein at Yale School of Management is one example. I'm encouraged to see more and more universities teaching both franchising and ETA.
The Franchise Hot Seat Podcast with Dr. John Hayes is presented by the Titus Center for Franchising at Palm Beach Atlantic University. In this episode we discuss how private equity moves franchise brands forward, which players are investing in the franchise sector, and how founders and franchisees can reach their objectives in franchising now that PE is a dominant force.
2024 has been slower for franchise M&A deals, but a few transactions are getting done. A panel of franchise experts discusses what they're seeing and when deal flow will return.
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PRIVATE EQUITY’S IMPACT ON FRANCHISING
EMERGING BRANDS
TRENDS
BUILDING SMART
PROSPECTIVE FRANCHISEES
TURNAROUNDS & CASE STUDIES