Adding value to the operations of a portfolio company is an accomplishment more often claimed than proved. So at a time when many investors are looking to rationalise their GP relationships, it’s never been more important for firms to demonstrate their value creation credentials, if they want to stand out from the crowd.
That’s where PEI’s Operational Excellence Awards 2013 come in. Now in their second year, the awards are intended to recognise and highlight the achievements of the industry's best-in-class operators.
(You can read about last year’s winners HERE)
The awards launched on Friday, June 7th, and we have extended the deadline to submit entries to Friday, July 19th 2013.
The judges include Timothy Kelly, partner of fund of funds Adam Street Partners; professor Steve Kaplan of the University of Chicago; former managing partner at Carol Kennedy; David Currie, former chief executive of SL Capital Partners; and Anil Ahuja, the former Managing partner for India and head of Asia at 3i Group.
WHY YOU SHOULD ENTER
• Be recognised by LPs as a best-in-class operator – which should pay dividends during your next fundraise
• Demonstrate your credentials as a potential partner to future management teams
• Highlight and reward the work done by your internal operating teams
HOW IT WORKS
We want to hear from any GP who has exited a deal in the last 12 months* and has a compelling value creation story to tell. The process is very simple:
1. Fill in the submission form HERE, providing as much specific information as possible about what you did and how it benefited the business (feel free to supplement the form with any additional information you think would be useful).
2. Submit your entry before July 19 (contact Graham Winfrey – OpEx@peimedia.com – if you have any additional questions)
3. In August, a carefully selected panel of judges in each of our three regions – EMEA, Americas and Asia – will convene to decide who they think are the most impressive entrants in three separate size categories: large-, mid- and small-cap*.
4. The winners of these nine categories will be announced in the October issue of Private Equity International – along with a full exposition of exactly how they added value over the lifecycle of the deal.
*The investment must have been at least partially realised on or after 1 June 2012
*For the purposes of these awards, ‘large-cap’ refers to any deal with an entry price over $500 million; ‘mid-cap’ refers to any deal with an entry price between $50 million and $500 million, and ‘small-cap’ refers to any deal with an entry price between $5 million and $50 million.
*Firms can enter more than once if they have completed more than one exit during the qualifying period
*The judges’ decision is final, and correspondence will not be entered into