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This is really where firmconsulting thrives - being succinct, providing examples and using story telling to provide the descriptions and evaluation of businesses. By focusing at the core of businesses - performance and health, it really helps to frame why decisions should be made and what the following consequences might be. Even as professionals not in private equity, its worth the short read whereby you can look at your business, P&L, etc. differently.
You will learn how to focus on "How do I create value from an asset that Nobody else sees value in it?" This book will add a new perspective and provide a very clear understanding of Private Equity. The Private Equity Strategy is itself one of the Quick Guide for Executives and Entrepreneurs, and for everyone who wants to understand Private Equity and Plan a Strategy. One day I read this book twice and gained more insights than the previous read. I got a fair understanding of the Investment Thesis. How you can stop Overpaying by focusing on "How do I create value from an asset that Nobody else sees value in it?" All of the concepts are well articulated through case study examples for different Business Cases and Described in simple terms anybody with Min or no Business knowledge will understand the Concepts. This is the first book I read and learned about SOEs and How the Performance and Health of an Organization are Different and etc. Must-Read Book and Value for Money. I have Ordered Private Equity Strategy Journal as well by the Same Author (Kris Safarova). I Recommend to everyone if you want to learn how to plan Private Equity Stratgey then this is the first book you should pick from your Bookshelf. To put it simply "You gain Secret Strategic Insights of Private Equity"
I will start this review by saying I work in IT consulting and knew nothing about private equity. However, being a regular reader of Kris’s books I knew there would be great wisdom in consuming this material. The quick guide is the perfect companion for someone that wants to learn about private equity in about a 2 or 3 hour read (a short plane ride). It is a very quick way to level up! The book starts with a definition of what private equity is with a focus on the strategy component. The book then moves on to illustrate said strategies using state-owned enterprises.
Let me tell you, I knew hardly anything about a state-owned enterprise let alone how they work in emerging markets. However, I am someone who is just fascinated by emerging markets and aspires to gain more global career exposure in the future. I devoured this book! I learned about the different levels of assets a state owned enterprise could have, which ones you should try to target for acquisition (and why) and which you should not. Where is the opportunity? But this was not just at a superficial level, no, it was at a level of depth that I would not expect from such a short read. For example, the quick guide provides an executive level overview of how to spot trends in private equity and when you are most likely to be overpaying for a deal. That is not where the opportunity lies.
As just 1 example, the opportunity lies in that restructuring where a state owned enterprise is forced to shed non-core assets at fire sale prices. You want to focus on those non-core assets in non-regulated sectors because that will reduce your headaches and allow you add value easier. I may never work in private equity but I can definitely say I feel a lot more educated after reading this book and when someone at a party comes up to you and says “they work in private equity” you will absolutely be able to hold a very impressive conversation with them after reading this book! That level of confidence is priceless.
I always appreciate FC's clear thinking and logic, and this quick guide is another great example of their work.
This PE Strategy Quick Guide primer is a short read (~2 hours for me during lunch breaks) that introduces the concept of performance and health of a company in the context of state-owned enterprises (SOEs). Don't be turned off by the specific category focus, however. The framework and thinking apply to any industry.
Expect to be introduced to thoughts on developing an investment strategy and theses to create value, and ultimately how to convince others of ideas worth pursuing. It's packed with relevant case studies to help you understand each category of their framework and is up-to-date to account for recent market developments.
Aimed at leaders and executives, this won't get into how to create the analysis (I believe this is coming in full playbook or Journal) but should allow you to wrap your head around the concepts.
As the title suggests, it's a quick guide to understanding how a P.E. identifies and adds hidden value in the targets. It introduces a 2 X 2 matrix summarizing two dimensions (performance, which is more about today; and health, which is more about tomorrow) as two criteria analyzing an organization / target. But practitioners must use this tool with care (just as any other tools) as too much information may be lost on the way, leading to oversimplification of realities. For example, there are so many factors influencing organization's health and the “scoring” may be subjective and inaccurate or, at best, just the "average" that practitioners need to find out which elements or where in the target to fix or strengthen. Anyway, this quick guide with SOEs as illustrating examples gives you the sound knowledge and logic to embark on the P.E. journey.
Indeed, a must-read! The framework discussed applies to any industry, and the terms used are simple that even a beginner can easily comprehend. I like the logic, and I appreciate that it's packed with case studies that would help you better understand the framework. You will gain a clear perspective, and the concepts are well-articulated. You will never get tired of reading the book many times.
It's a concise overview to help leaders understand the best approach to make informed investment decisions in private equity deals, and does a good job given it's intended purpose. It is a part of a complementary set. Make sure you purchase the right book for your needs. This quick guide introduces a framework to identify hidden value using the relative performance and health of an organization. It is intended for leaders to understand the problem. It's not an in-depth version designed for hands-on practitioners to do the work to solve the problem. For that, you need the the Private Equity Strategy Journal.
While I do not plan on working in Private Equity, I do like to get a broad overview of critical insights about various industries. This book shows how private equity would work in State-Owned Enterprises. It teaches you how to quickly categorize the SOE and then what value you can bring if you wanted to work out a PE deal. For someone who does not plan on working in PE, this book gives you a good insight into the challenges faced by SOE so that you know where you can leverage your skills if you have to work with an SOE.
This is an excellent quick start guide to the world of PE and explores the key questions one needs to think through to help you uncover value and mitigate liabilities. The author does a top job in helping the reader think beyond the common facets of PE deals to consider the critical but not always visible factors one needs to consider to do well in deal making opportunities.
Thoroughly enjoyable and highly recommended for anyone who is interested in business and entrepreneurship. Will help you see value and strategy in an enhanced way.