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Any thoughts on what it is like working for a private equity backed company?

Chris

Hello all, 

I am currently in the final interview stages for a head of HR role with a real estate company. The role looks great, with a decent package and health company values. However, they are a private equity backed company. I have never worked for such an entity before (they are a medium sized company, with big growth plans) and was wondering if anyone has experience of working with a PE backed company they would be happy to share. 

I have heard that such companies are highly growth orientated with high levels of pressure on the senior management team, and uncertainty about the future (given the aim is ultimately to sell the company). I am quite interested in the role, but mindful of these potential drawbacks. 

If anyone had any general perspectives on this, that would be great. Thanks in advance - as always - for your input

Thanks, 

Chris 

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  • I've worked for a number of PE backed businesses. I think the questions you should be asking is around what involvement they have at a board level and how that trickles down to the rest of the business. They obviously want to maximise their investment: does this mean that they want to see absolutely everything all the time and have real influence over the direction and activity of the business? Or are they happy to let the management team get on with it? This possibly also speaks to a certain level of competence/influence that your CEO will have. If they're heavily involved, this may limit your own autonomy.

    If the view is to sell at some stage, it'd be worth having conversations around when that's likely to be and what they're hoping the company will look like to be attractive at that point. How does the people piece fit into that - is it 'attracting and retaining top talent' or is it 'keep it super lean so costs are lower'? If they're anticipating a sale, what will your role be with any kind of due diligence / TUPE at that point? It might be a long way off but perhaps that's experience you don't have that might be appealing. Additionally, if it's about a sale, how transparent are the management team about that with the wider business? Are your people clear (and ok) with what they're working towards?

    None of these are right or wrong answers; it's just figuring out what the make up of your role will be so you can make an informed decision.
  • in reply to Alys Martin
    Thanks, Alys for your insight. I had the final interview today (4 in total!) - but I have requested a further chat with the CEO. Your suggestions for points to discuss are very useful. I will certainly raise them - thank you
  • in reply to Chris
    Good luck - let us know how you get on!
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