Hello, stormfield-ga!
Your question is quite straightforward. Since it has gone
unanswered, I will point you in the easiest direction…an internet
search. First, before I begin, I am going on the assumption that your
question is comprised of the classic business definitions for private
equity companies and turnaround services. Since you did not respond to
clarifications, I presume my assumption is correct. Therefore, before
I provide references, I am including the classic definitions of the
two phrases so that the logic of my search is clear.
Private equity companies
Private equity companies provide the capital for small, promising,
entrepreneurial start-ups that “don’t have the necessary assets or
cash flow to receive a bank loan or similar external funding.” These
start-ups often hold the promise of “significant economic
contribution” once they are established and earning a profit.
The private equity company serves as an intermediary between the
company seeking capital and the investors contributing the money. The
role of the private equity company includes several different
components aside from simply providing capital investment.
1. Finance
2. Purchasing equity securites
3. Adding value to the company through active participation,
management support, etc.
4. Assisting in product development
5. Taking higher risks in expectation of higher rewards
6. Investing with a long-term orientation.
7. Additional responsibilities can include later-stage financing,
buyout transactions, mezzanine capital, and restructuring capital as
well as other private equity.
8. Lastly, there is the exit strategy – encompassing the time at
which the private equity firm wants to realize their investment, and
how the type of exit is to occur (IPO, company buyback)
The above information is taken from “International Investment
Companies - Private Equity for Individual Investors,” by Oliver P.
Pfeil and Stefan Weckbach. at
http://www.sbf.unisg.ch/org/sbf/web.nsf/c2d5250e0954edd3c12568e40027f306/f1fefb02759c139ec1256ba3002e2266/$FILE/private%20equity%20for%20individual%20investors.pdf
Turnaround Services:
Companies often encounter problems because their sales volume and
margins are not adequate to cover costs. They may be heavily in debt
because their sales, production and financial capabilities are out of
sync. As a result, they are not making reasonable profits and/or are
suffering heavy losses. Turnaround services do exactly what their
service implies….help a company to turn itself around into a
well-managed, profitable venture by identifying the source of the
problems and finding solutions.
According to Coleman Capital Advisors, “There are thousands of
different kinds of businesses, but just a handful of reasons why they
fail to thrive….Finding out what’s really going on in a company is
often difficult. Yet, this kind of information is a critical part of
an under-performing situation. The financial audit, important as it
is, cannot by itself provide a complete picture. At best, it can
uncover the symptoms of a problem, without pinpointing the root
causes. At Colmen, we look beyond the financial aspects to basics
such as the quality of management, marketing and manufacturing.To get
a true picture of performance, we study key factors, like product
viability and life cycle, true market share, and customer loyalty and
perception. The result for our clients is a broader, more meaningful
basis for decisions and improved odds for a profitable outcome….Unlike
management consultants who rely on reports to remedy their clients’
problems, Colmen uses experienced business people working with you to
identify problems, recommend solutions and implement these solutions
until your business is turned around. When your business is healthy
and running efficiently again, we can help you decide what to do next.
You may want to expand, merge, or sell.”
From “Turnaround Management Services.” Coleman Capital Advisors at
http://www.colmencapital.com/start.htm
Now, to answer your question. The Internet has a wealth of sites for
companies offering turnaround services for private equity companies.
It is merely a matter of investigating prices, reputation and
availability. If you are outside of the United States, you also need
to consider companies that will serve international clients.
The following references should provide you with ample resources to
investigate in terms of turnaround services for management:
The Turnaround Management Organization at
http://www.turnaround.org/ has a directory of members around the
United States and the world who specialize in turnaround services.
Non-members may purchase the directory for US $175.00, and search
according to specific member industries, specializations,
certifications and geographical locations.
The DMOZ Open Directory Project for Top Business Management
Consulting Firms has an extensive list of companies, from A to Z. Each
company has a link and brief description. Though not all offer what is
“billed” as “turnaround services,” they do offer business management
consulting. The site may be accessed at
http://dmoz.org/Business/Management/Consulting/A/
I have compiled a list of individual companies that offer “turnaround
services” in their advertising. Since I cannot vouch for any of them,
you will need to do your due diligence.
McKinsey & Company (Private Equity Practice)
http://www.mckinsey.com/practices/privateequity/index.asp
“The Private Equity Practice serves venture capital and principal
investing firms as well as institutional investors across the globe.
We also offer a broad range of services to private equity portfolio
companies. Our insight into critical success factors for private
equity firms helps us provide thought leadership and advisory support
to senior partners on a wide range of issues. We also call upon
McKinsey's extensive knowledge of the industries and sectors in which
private equity firms invest.”
Morris-Anderson & Associates Ltd.
Turnaround and Crisis Management Counseling
http://www.morris-anderson.com/services.htm
Anderson Bauman Tourtellot Vos & Co.
http://www.abtv.com/
“As a turnaround management firm, Anderson Bauman Tourtellot Vos &
Company (ABTV) specializes in operational and financial restructuring
for troubled companies. It believes that, with a company's ultimate
survival on the line, results are everything.”
Centrus Group, Inc.
http://www.centrusgroup.com/
Turnaround Management – “By the time a company makes the decision to
hire us, it is operating in an environment that few, if any, of its
existing management have experienced. Centrus begins working closely
with existing management to evaluate the current business status and
identify the key issues creating the turmoil in the company. At the
end of this brief review period, Centrus recommends alternative
turnaround strategies, initial actions plans, and identifies funding
and management resources available to the company to aid in the
turnaround.”
Executive Sounding Board Associates
http://www.esba.com/
“We are committed to delivering creative and cost effective
professional services to under-performing and/or financially troubled
businesses. We pride ourselves, not just on the quality of our advice,
but, more importantly, on the successful implementation of solutions.”
“ESBA's mission is helping organizations who find themselves in
financial or operational difficulty develop an effective plan for
righting the ship and getting back on track to effective performance.”
“To accomplish this mission we work with management to organize and
implement a turnaround plan that manages resources effectively, deals
with structural and operational problems, and rebuilds the confidence
among employees, customers, vendors and lenders that the company is
correcting its problems and beginning to move in the right direction.”
Chandelle Solutions Ltd.
New Directions in Crisis and Turnaround Management
http://www.chandellesolutions.com/
Corner Consulting Group, LLC
http://www.cornerconsult.com/
“Turnaround/Crisis management” is listed as one of it’s many
services.
Loftus Group LLC
Management and Financial Consultants
http://www.loftusgroup.com/
“A unique blend of financial and operating executive talent with a
proven track record of effectively managing businesses through
difficult situations, fulfilling the expectations of managements,
investors and lenders in the United States, Europe, and Central and
South America.”
Moore Colson
http://www.moorecolson.com/index.htm
Read case study on corporate turnaround at
http://www.moorecolson.com/casestudies.htm#CorpTA
Brown, Smith, Wallace Business and Financial Advisors
http://www.bswllc.com/
“CPA/Consultant specializing in mergers & acquisitions, business
valuation & intermediary services as well as turnaround consulting.”
PriceWaterhouseCoopers
http://www.pw.com/us/eng/main/home/index.html
Read: “A 25-Strong Turnaround Director Panel for Troubled Companies
Established.” (5/24/2000) at
http://www.pwcglobal.com/extweb/ncpressrelease.nsf/DocID/A2F9CAEDADDB3F4A852568EA006B5EF6
Concord Financial Advisors LLC
http://www.bswllc.com/
“We provide expert turnaround and crisis management services. We
quickly diagnose critical issues and immediately implement an action
plan to improve profitability. From the factory floor to operational
problems, to human resources, to capital structure, we can
significantly enhance your company's performance while saving you
time, money and effort.”
http://www.concordfinancialadvisors.com/other.html
The Scotland Group
http://www.scotlandgroup.com/
“The Scotland Group, Inc. serves underperforming and distressed
businesses with seasoned senior operating executives to:
Diagnose the causes of the underperformance and/or distress
Independently assess competitive and market forces
Develop and implement the most appropriate turnaround plan for the
situation.”
Interesting articles:
“Bankruptcy Still Booming, But Turnaround Trends Favorable.” Fleet
Capital (6/2002) at http://www.fleetcapital.com/resources/capeyes/a06-02-98.html
“Stages of a Turnaround.” Fleet Capital (3/2002) at
http://www.fleetcapital.com/resources/capeyes/article.php?a=03-02-81
“Specialists Offer a Second Chance for the Wilted Buyout,”by Martin
Sikora. Chestnut Hill Parnter (6/2000) at
http://www.chestnuthillpartners.com/mergers-article3.html
http://www.chestnuthillpartners.com/mergers-article3.html
Since you did not reply to requests for clarification, I am taking
the assumption that you were using the terminology of private equity
and turnaround services in the classic business sense. I hope the
above information has provided the type of resources you are seeking.
Please ask for further assistance if needed.
umiat-ga
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