Search Fund Transformations: A Path to Excellence
Sara Rosenthal, Jan Simon. (2024)
IESE ST-659-E, 16 pp
Dated October 2024; joint Stanford lecturer and IESE professor. Proposes a two-stage framework ("Act I" and "Act II") for value creation after acquisition and the business, leadership and board transformations each requires, noting that "with the average holding period being six years, many exits happen upon accomplishing Act I". Conceptual and practitioner-based.