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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
Generating 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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