"We're searching for the next Sean McVay..." โ several NFL front offices right now.
Here we are on Black Monday in the NFL, proving once again that hiring a head coach is no easier than a sponsor hiring the right portfolio company CEO.
A ๐งต
Across recent HC cycles, the data shows that hiring from the top two boxes correlates with roughly 2.9x better odds of sustained success.
Any NFL owners out there, hit me up and I can help you avoid yet another mistake.
I'm looking at you Browns! ๐
2024 Top 50 list is here.
And to the inevitable critics, this is original research, with zero pay-to-play.
And whether you love or hate some of these Top 50 funds โ they are consistently better at hiring execs who fit their specific brand of governance (good, bad or otherwise)
Not a @browns hype video, instead itโs big love fest โ as small a way to say thank you to this team.
Sound on!
If you love it, pls share and like it.
Favorite moments in the video include @zadariussmith loving on @JoeFlacco, Kevin losing his mind at the end, and all the killer plays from our Dawgs.
We love this team, and your fans around the ๐ thank you for a magical season.
#DawgPound#browns
Our new podcast for PE Operators โ X-Factor. Episode 1 is a killer start.
Get expert insights into how to best manage a PE board of directors open.spotify.com/episode/4BRโฆ
Private equity requires CEOs and management to be hands on.
But what does that really mean?
Among other things, it means burrowing into the details and root cause of an issue vs relying solely on chain of command.
Solid example here by Uberโs ceo wsj.com/articles/uber-ceo-stโฆ
Other hands-on examples from my recent interviews: a ceo who interviews all sales reps before offer, a ceo on the road with delivery drivers to solve for an efficiency challenge, a cfo who regularly goes on sales calls to understand customer/pricing dynamics
What are you doing?
Whatโs happening to ambition?
Itโs officially been dethroned by FLEXIBILITY as the dominant career driver. Even among execs.
People will still work hard, but on their terms
All levels, all generations
And itโs here to stay
forbes.com/sites/forbesbusinโฆ
This week's new PE deals headlined by New Mountain's carveout of @PerkinElmer's Applied Food's business for up to $2.45B
Always tough for carve out management teams to survive for long after an LBO
Tough pivot to PE pace/rigor. Plus, most non-core divisions have weaker mgt
new deals in PE this week
Vermillion Group acquired Dakotaland Manufacturing, first PE money for D.M.
Westbridge Capital acquired Federal Steel Supply from V&A Capital after a 3.5 yr hold
more...
more new PE deals from this week...
Sun Capital Partners acquired Anderson Business Advisors, first-time PE Money for ABA
Trinity Hunt bought out Supreme Optimization, first-time PE money for S.O.
Terminus Capital acquired Voxco from Pivoton Capital, after a 7 yr hold