Global Private Equity Watch - a Return to Entrepreneurship - 2012.pdf

《Global Private Equity Watch - a Return to Entrepreneurship - 2012.pdf》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、GlobalprivateequitywatchStrivingforgrowth—areturntoentrepreneurship2012Contents2Drivinganentrepreneurialspirit4Thebehaviorsaroundthecore4Drive,tenacityandpersistence5Seekoutnichesandmarketgaps8Africa10Buildanecosystemoffinance,peopleandknow-how11Thesectorview:Oilandgas,Hea

2、lthcare,Technology13Livewhatyoubelieve:buildsuccesscultureandvalues13Nonconformistandateamplayer14Architectofyourownvision:passionateandfocused162011Privateequityyearinreview18Activityreducesaseconomicandcreditconditionsdeteriorate21Strongexitactivityformostof201122Fund-ra

3、isingremainsachallengebutthebestfirmsattractcapital26Emergingmarkets30China32India34LatinAmerica36Keycontacts3Globalprivateequitywatch:strivingforgrowth—areturntoentrepreneurshipStrivingforgrowth—areturntoentrepreneurshipPassion.Persistence.Opportunity....Valuecreation.Bus

4、inesstransformation.Anewparadigmof“entrepreneurship”seemstobeemerging.Andprivateequity(PE)firmsarepartoftheforcedrivingthatchange.Althoughentrepreneursoperateacrossahighlydiverserangeofsectorsandregionsoftheworld,wehavefoundthattheyshareanumberofcommonbehaviorsandcharacter

5、istics.SubsequentresearchconductedbyErnst&Young,whichincludedasurveyof685entrepreneursandin-depthinterviewswithwinnersoftheErnst&YoungEntrepreneurOfTheYear®program,hashelpedusformalizeourviewintoasolidmodelofthemakeupoftheentrepreneur.LookingbackatthePEindustryoverthelastd

6、ecade,wewouldarguethatthefirmsthrivingtodayarethosethathaveembracedtheentrepreneurialcultureandhaveevolvedtothriveinanewworldorder.Itistheindustry’sreputationforinnovationandcreativitythathaspropelledPEforwardasitdrivesvaluecreationandbusinesstransformationinthecompaniesit

7、owns.WhilethePEmodelhasalreadydemonstrateditsresilienceinthefaceofadversity,thereisnodoubtthatsuccessintoday’smarketwillrequirefirmstoadaptevenfurther.PEneedstoidentifyandcapturethemostpromisinggrowthprospects.Capitalizingonopportunitiesinturbulenttimesrequiresagilityanden

8、trepreneurialmanagement—theattributesthatmadePEsosuccessfulintheearlyyears.Andthemostsucc