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Pilot's log - leadership in challenging times Pilot logo
DECEMBER 2009
Dear Carolyn

As we head into the last days of 2009, it would be tempting to commiserate about the difficulties endured by almost everyone in the private equity market (aside from turnaround gurus for whom the year has been busy if not as fantastic as some had predicted). Instead I thought to build upon several positive developments and highlight comments made by several contributors to this year ending Pilot’s Log. > more

Main Headlines

Turnarounds and the NXC - A Pilot's Log Q&A with Andrew Meehan

Andrew MeehanKatherine Steiner-Dicks chats with Andrew Meehan, non executive Chairman of PILOTpartners and a number of private equity backed businesses, to find out how you can get the most out of a turnaround specialist in a recession and why he thinks being upfront is often the best medicine. > more

The changing supply and demands on the Chief Restructuring Officer

Ian GrayThere are CROs and then there are CROs. The debate is out as to exactly how many top notch CROs are really out there and what will happen in 2010 when all those CROs are tied up. After musing this question, James Wheeler, managing partner at PILOTpartners thought a chat with Ian Gray, one of the busiest and best known CRO’s, could lend us a few pointers as to how he and his peers will have to adapt to meet today’s economic and resource challenges. > more

Choosing a good CRO - an instant checklist by James Wheeler

James Wheeler“The CRO is the best job in the world...” says John Darlington, MD of restructuring services with KPMG. Is it? I don’t believe that private equity investors would necessarily agree with this statement. And a cynic might add that it all depends if the job works out better than expected.
> more

  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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Q3 Retail & Consumer Review - by Tony Lahert, Step Solutions

The UK retail sector is critical to everyone across the world of investment, underpinning the economy as it does and accounting for some 40% of all employment in the UK private sector including the supply chain etc. Every quarter Step Solutions produces a review of the most up to date sector data which we believe is absolutely required reading, and it is published in Pilot's Log by kind permission of Step Solutions.

You can download a copy of the review
> here

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  Review 2009
Read our review of some of the private equity and turnaround cases we have worked on in 2009 >here
 
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