To facilitate the efficient return of capital, Halsey Lane has created the Board Plus model whereby one of its Principals can become a member of the newly-constituted board. In addition to serving on the board, our team provides day-to-day oversight comparable to the oversight typically provided by the Sponsor via a process we call FORE:

Fix: Take immediate steps to halt and reverse declining performance
Optimize: Increase EBITDA through cost cuts and revenue enhancement
Ready: "Package" the company for an exit process
Exit: Oversee exit process to maximize enterprise value

The FORE process provides the focus and discipline necessary to stabilize and then increase the company's EBITDA to an optimal level within a specific period of time. In turn, a more financially and operationally successful company will appeal to the capital markets and ultimately produce a higher valuation multiple upon exit.

When compared to the most commonly chosen alternative (which is a newly-appointed independent board and management) our Board Plus model provides significant advantages:

The Benefits of the Halsey Lane Board Plus Model

Board Only Board Plus
Part-time responsibility Focused, full-time effort
Primarily "big picture" perspective On-site presence leads to in-depth, detailed knowledge base
Directors rarely work side-by-side with management on operational issues Interim CEO capability and/or comprehensive management support provided across all functions
Not always available or fully-informed to answer owners' questions Fully-informed and available 24/7
Formulate exit decisions based on information provided selectively by management and advisors Prepare company for diligence by advisors and oversee exit process in conjunction with owners and management
Click here to see the Board Plus model in action.