Situation
Three years into their hold of this $240M Portco, we were contacted by this client out of frustration to understand why the company continued to miss its revenue targets, why they could not get accurate metrics on their board updates and what to do to prepare for an exit in two years. The Portco continued to blame issues stemming from the pandemic however, as restrictions were lifted, little progress was being made. The company had missed the previous year’s expectations by over $40M in revenue and a new leadership team (CEO and CFO) was brought in to turn the company around.