Why succession buyouts are a strong opportunity in Central and Eastern Europe at the moment, and why private equity is the ideal partner for the region’s SMEs, in the words of Wojciech Jezierski, partner at Abris Capital Partners.
The founder’s spirit of entrepreneurship and vision, creative energy and determination to survive is part of every company during the initial phases of its development. However, as the business matures and reaches a certain scale, it is vital to introduce more formal governance and value-building processes to retain their competitive advantage and ensure continuity of operations.
The key challenges faced by family businesses that we see today include a lack of succession planning; decision-making processes being concentrated in the hands of one person; a lack of professional governance; difficulty in attracting talent; and limited access to capital.
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