Chief Executive Officer | Large Private Equity Firm Backing Semiconductor Company

 
Background

Our client was one of the leading private equity firms in the industry, who acquired a $2 billion-dollar public company. Prior to acquisition, the company had fallen on tough times, underperforming at a significant level. The company was a leading supplier of materials to the semiconductor industry which was sold directly to the end user. The PE firm saw an opportunity to buy an underperforming asset and apply their operational expertise, financial skills, and governance capabilities for a company with promising potential.


The Need

Our clients’ strong bias was to find an executive who had a proven track record of turnarounds in the broader technology sector, but in a business of scale of minimally $2 billion-dollars. There was a high preference for a sitting CEO with a proven track record, and the initial focus was identifying candidates with a strong technology understanding and commercial orientation; yet someone who understood how to create operational efficiencies within a troubled global manufacturing platform.

 

Please click here to access the full case study.