February 2008
Beginner
126 pages
1h 56m
English
Content preview from Lessons from Private Equity Any Company Can UseBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Make Equity Sweat
Almost every business needs capital to grow. How do the best PE players think about equity, and what can you learn from that perspective? Simply stated, they embrace leverage as a relatively cheap capital structure. If they need $100 for growth, they (typically) finance that sum with $70 of debt and $30 of equity. Then they focus on generating cash, which they can use to either (1) pay down debt or (2) invest in productive ways. This, in turn, means that PE firms and their portfolio companies aggressively manage their capital—working capital, capital expenditures, fixed assets—forcing the business to be as efficient as possible: making it sweat. They focus intensively on their balance sheet.
Most traditional corporations take ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.