“Private equity funds are very interesting in terms of business model, because they have the 100-day rule: they analyze how they could maximize the added value in the first three months from the purchase,” Toader told Business Standard. Thus, all companies should make a quick analysis of their activity and costs and prepare their business from the point of view of a private equity fund. This means selling non-core assets. Companies must not wait for something to happen, they must act. “Waiting is not a solution for anybody at present,” Toader added.
“Unlike 2007, when we made an annual budget, in 2009 we will try to make quarterly budgets. Nobody can say what will happen in three months. I have talked to many bankers, economists, renowned professors from Harvard and the London School of Business, and no one knows how long the crisis will last,” said the Senior Partner of KPMG Romania.
