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Pilot's log - leadership in challenging times Pilot logo
JULY  2 0 0 9
If you are interested in unexpected acquisition opportunities; learning how your portfolio companies can improve cash generation; finding out how renewable energy investments can best ride out the funding gap; and ensuring your firm improves its public identity in the current investment climate, then it looks like our contributors have cracked yet another well balanced edition of PILOT’s Log for you. > more

The Pilot's Log Q&A at the ICAEW

Nigel Guy, a member of the Corporate Finance Faculty Board at the ICAEW and Director of Private Equity at Gulf Finance, chats with Katherine Steiner-Dicks on the importance of banks being more consistent and transparent with SMEs; the need for turnaround expertise in troubled PE portfolio companies; and the steps private equity managers can take to improve their public identity in the current investment climate.
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Case Study - Acquisition opportunities in speciality consumer finance

The credit crunch is generating unexpected acquisition opportunities in the speciality consumer finance sector. Alan Gullan, an interim executive who recently led a financial restructuring project within the sector, explains the complexities and potential returns. Alan explains "My client was a private equity-owned UK business that provides non-prime consumers with hire purchase finance, to fund the purchase of used vehicles. With an average loan origination size of £6,000 and term of four years, it has a platform to service in excess of 50,000 loans...
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The art of managing cash in a recession

Joe ConsidineGenerating cash in any market cycle is important for any business, but in a recession, it’s the be all and end all for a company’s survival. That’s why private equity managers should engage with their portfolio companies to improve the cash generation of receivables. Joe Considine, turnaround specialist, sets out a number of practical actions your portfolio companies can take to improve their cash intake.
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PILOTpartners specialises in providing executives who have high level expertise in:

- Private Equity portfolio businesses
- Difficult & distressed situations
- Turnaround & restructuring
- Change management projects


 
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Pilot's Log > here

 
Renewable energy at tipping point

Elliot mannisEconomic crisis has hit renewable energy investments just when they were making genuine progress, placing the industry at a cross roads for change and greater innovation. Elliott Mannis highlights the financial and social benefits of the sector proposing aggregation as the best way forward to ride out the funding gap.
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In the interim...


Interim Chief Restructuring Officer

Energy Services Consultancy
Middle East.
Successful restructuring and sale process

A privately held energy services consultancy located in the Middle East had in recent years ‘lost its way’ due to changes in the competitive landscape and illnesses to several key senior executives. After much discussion, the board decided to engage an interim CRO to rescue the business and recover as much as value as possible for the various stakeholders.
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