Turnrounds

Richard Thompson

Chapter Fourteen in Real Venture Capital, 2008, pp 51-53 from Palgrave Macmillan

Abstract: Abstract THE SKILLS of turnround are important in venture capital, either when correcting a substantial investment which has gone wrong or sometimes in taking advantage of the opportunity offered by a company in trouble, either in the private or public domain. When the opportunity is a public company, it is usually desirable to privatise the company in order to take it out of the public spotlight whilst applying the appropriate remedies. These usually comprise pruning out any unprofitable product lines (assuming that reasonable product cost information is available), cutting back on non-essential staff, reducing unproductive overheads (particularly at head office), and selling off or closing loss-making businesses at whatever value can be got.

Keywords: Cash Flow; Venture Capital; Substantial Investment; Head Office; Company Doctor (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230594067_14

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