Closing thoughts Every party enters an interim appointment wanting it to succeed, whatever the objective is. A good understanding of how each other – interim and PE fund – like to work only strengthens this chance of success. As well as accounting for the factors we’ve explored here, the most important ingredient for a good working relationship and a good outcome is honesty. Interims need to be honest if they feel their skillsets aren’t the right fit, and if they’re concerned that the appointment won’t meet the PE fund’s objectives. And funds need to be clear about the challenges that a business might be facing, and be realistic with the interim about how their plans with the business are evolving; there needs to be an acknowledgement if Plans B and C are on the table when an interim has been tasked with Plan A. At FRP Transition, we match interims with funds to deliver continuity during periods of change. A big part of this process involves making sure each party is on the same page with their preferences and goals – all in the service of finding the right person for the circumstances at hand. Please do get in touch if you’d like to learn more about how we could support you.
Susan Moor Director FRP Transition London +44(0)7787 124 626 susan.moor@frpadvisory.com
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