Why Partner With Tenaz
 |
Private Equity | Strategic Acquirer | |
|---|---|---|---|
| Commitment | Full commitment for long term growth. Board of Directors selected who are successful recent business operators. | Several companies under management. short term vs. long term focus. | Business becomes one of many divisions within the company. Commitment to grow the core business. |
| Existing Management | Tenaz with strong interest and requirement to keep the current management team to ensure continued growth. | Management is usually kept if targets are met. If there is financial trouble cost cutting becomes more important | Depends on strategy. Usually a lot of duplicate jobs post-acquisition result in most of the acquired management to be replaced. |
| Time Horizon | Interested in longer term value creation | Interested in short term value creation and Investment Exit. Management is pressured for short term focus. | Depends on strategic objective. |
| Source of Capital | Institutional and High Net Worth Individual investors | Fully committed funds from unknown sources | Significant internal approvals required. Capital availability depends on health of core business. |
| Deal Terms | Flexible terms to ensure interests of all parties involved. | Complex. Seller usually at a disadvantage given the financial knowledge asymmetry. | Long term compensation based on future performance. |
| Owner Transition | Owner helps transition | Depends on the firm. Most likely would bring in a new management team. | Owner sells outright and acquiring company takes over |
Investment Criteria
Let’s Make Things Happen
Our strategy is to build a portfolio of leading businesses using a long-term buy and build approach. We provide our portfolio companies with professional management expertise, financial resources, and high potential human capital to accelerate their growth
“Never give in, never give in, never, never, never, in nothing great or small, large or petty, never give in except to convictions of honour and good sense. Never yield to force; never yield to the apparently overwhelming might of the enemy”