Expert Q&A With Ed Kleinguetl of Grant Thornton
Privcap interviews Ed Kleinguetl, Managing Director of Grant Thornton, about the importance of the 100-day plan and how Grant Thorton works with private equity firms. Sponsored by Grant Thornton.
Transcript
What is the magic of the 100-Day Plan? Why is it such a valuable tool?
Kleinguetl: Well, the reality is why the Hundred Day Plan is important is because at the day of closing, according to general market study, there’s only so much energy towards change. And so on day one, the day of closing, you have maximum velocity, and you’ve got about a hundred days to implement a number of those changes, particularly, in terms of trajectory. After that, people settle back to business as usual, kind of hunker down. And if the right trajectory isn’t set during that period of time, then the value will ultimately not be realized. It doesn’t take two years to figure this out. The hundred–if the first hundred days aren’t correct, it will not be as liable a deal as it should be. That being said, a hundred days actually tends to be more than a hundred days. It is days before closing, to lead up to build velocity going into maximum momentum through the hundred days.
Tell me about what is unique about how Grant Thornton works with Private Equity firms on their 100-Day Plan?
Kleinguetl: Well, there are actually two things that make Grant Thornton unique. First of all, the value creation component, the integration component is part of the transaction advisory services within Grant Thornton, where other firms, that’s part of business consulting, and it’s not typically brought into bear as part of the transaction process. So it’s kind of separate and distinct. Second, within Grant Thornton, there are a number of deep subject matter advisers that can be brought to bear in terms of systems, financial controls, a focus on the human capital components of the business. A focus on customer strategies, so bringing in those key subject matter advisers in the key areas that a client wants to grow, that makes Grant Thornton quite unique.
Sponsors
-
Grant Thornton
Grant Thornton understands the unique needs of a private equity firm, its professionals and its portfolio companies. Throughout the life cycle of a fund, we deliver timely value through our audit, tax, transaction and other specialty services.
Related Videos
-
Expert Q&A with Ed Kleinguetl
Grant Thornton’s capabilities in the private equity, corporate carve-out investment strategy.
October 29, 2013More -
Execution: Key to PE Value-Creation
The new opportunity for private equity is all about “old fashioned blocking and tackling and executing,” according to Michael McGuire, National Managing Partner – Operations at Grant Thornton.
August 1, 2013More -
100-Day Plans: Replacing Management
In part 3 of Privcap’s series on 100-day plans, the expert panel discusses how to execute changes in management without hindering the value-creation process.
June 6, 2013More -
Planning and Tracking the First 100 Days
Part two of the four-part series on how a PE firm turns a 100-day plan into a real plan for value creation.
April 19, 2013More -
The Value of the 100-Day Plan
Expert discussion of creating value in private equity with a 100-day plan. Learn how to create one and how to successfully follow through.
April 8, 2013More