Equity Compensation
Stock Based Compensations (SBCs) are a form of employee compensation that is usually awarded for meeting specific performance metrics set ahead of time by contract and paid out through stock options, preferred stock, restricted stock, common stock, or “phantom stock.” These are structured in a broad number of ways and well-designed compensation plans can serve to provide incredible incentives to executive suites and poorly structured SBCs can rob value from investors through dilution or bloated corporate costs.
Download our Stock Based Compensation white paper to learn more.
Restructuring the Hold
Co/Investor Club Member Thomas Anderson is a long-time Operating Partner, Chairman, and Board Director, previously with The Riverside Company, a global investment firm focused on the middle-market. He currently works with companies in active Board roles to accelerate growth and prepare for successful transactions and co-authored the book Restructuring the Hold.
The growth of private equity as an investment asset class has skyrocketed in recent years, and if you’re not directly or indirectly involved in private equity now, there’s a very good chance you soon will be. For many that’s far from a comforting thought, particularly for those whose exposure to private equity is limited to the likes of Gordon “Greed is Good” Gekko from the 1987 chart-topping movie, Wall Street. Yet, gone are the days where firms could buy companies cheaply, lever them up with debt, monitor loosely, and then sell at high exit multiples. Today it’s all about the real and hard work of creating true and sustainable business value that benefits everyone—company management, employees, and investors alike. In Restructuring the Hold: Optimizing Private Equity and Portfolio Company Partnerships, Anderson and Habner draw together their exceptional experience in middle-market private equity to illuminate how management teams and their private equity partners can collaborate for a successful and exciting investment period, characterized by individual development, team accomplishments, accelerated value creation, and outsized returns for all.
Check out Thomas’s book Restructuring the Hold
Lunch at the Club
Upgrade to Premium for $100 a year to hear an investment presentation every month. This month Chris Krug will be presenting his best investment idea on Wednesday May 19.
Chris Krug is the President of Chatham Harbor Capital, LLC. Chatham Harbor Capital, LLC, based in New York, runs a concentrated small cap strategy focusing on all industries in Europe, North America and Australia. Chris graduated from Clemson University with degrees in both Financial Management and Business Management.
Intern Highlight: Alec Brunelle
Alec Brunelle graduated from Saint Anselm College class of 2021 as a finance and accounting double major. Throughout Alec’s time at Saint Anselm, he was a four-year member of the varsity golf team and led the team as a senior captain. Alec served as the Finance Club President and first became interested in the microcap space during an annual Bloomberg trading competition. Alec also has experience in the accounting and investment industry working for a variety of institutions.
Thank you to our Premium Members who help make our summer paid internships possible! If you’re not a Premium Member yet, upgrade here for just $100. Not only will you receive valuable investment insights, but you will also be supporting interns and college graduates to launch their careers.
In Case You Missed It…
New Resort Brand Closes Early Round With Prominent LA-Based Private Equity Investors
IMAC Holdings Reports First Quarter 2021 Financial Results and Corporate Update
Vertu Motors plc: Final results for the year ended 28 February 2021
Podcasts and Videos
Acquired Podcast: Berkshire Hathaway Part II
Jeff Bezos and the Invention of a Global Empire | Brad Stone Live Q&A
Bill Gurley at the Sohn Conference
Robotti Value Live - Markel 2021
If you have not already upgraded your membership…
Avenel Financial Group, a merchant banking and advisory firm located in Charlotte, NC launched a new business venture called the Co/Investor Club. The Co/Investor Club is a community of value-oriented investors that collaborate on investment opportunities and ideas. You are receiving this newsletter because you are a Free or Premium Member of the Co/Investor Club!
Chat with Mike
Whether you’re an executive with investment opportunities or a college student looking to network, we would love to chat with you!
Email our Founder, Mike Pruitt at mp@coinvestorclub.com with questions and ideas or schedule a meeting.
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