The institutional capability to convert an investment thesis into excess returns and sustainable enterprise value is the defining differentiator in PE performance, argue EFESO’s Andrea Mantegazza and Fabian Rodriguez. This article is sponsored by EFESO Management Consultants. How has private equity value creation evolved in recent years, and what has driven those changes? Andrea Mantegazza: Operational value creation has gone from being one lever among several to being effectively the only one.
After all, financing is becoming more expensive, hold periods are lengthening, and entry multiples are high.
Fonte: PE International · Resumido por HeadlinesBriefing