We worked with a portfolio company to develop its value creation plan in the context of a potential sponsor/acquirer. We viewed it through the lens of the next owner's hold period and the subsequent owner's point of exit.
In this way, it allows for multiple constituents to understand value from each of their perspectives, as follows:
The current founder of the target
The potential sponsor's investment committee
The acquiring company's management team
The subsequent sponsor at the end of the next hold period
