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Private equity · Energy and resources

CEO readiness for IPO

Client
Global energy and resources PE fund
Sector
Energy and resources
Commissioned by
Investor
Context
Pre-IPO
Services
Leader due diligence
The fund acted on the report and ultimately moved the CEO into a board role.

The situation

A global energy and resources private equity fund planned to take a portfolio company to IPO within about two years. It needed to know whether the CEO could lead the business there. Scalewell co-founder Nick Watling, then at Heidrick & Struggles, was asked to prepare a report to inform that decision.

What we did

Nick began with the business, its context and its strategy. With the CEO, the executive team and other stakeholders, he built a model of the leadership needed to deliver that strategy and reach IPO. The CEO was then assessed against the model on skills, capabilities, knowledge and behaviours, through interviews and analysis of a range of data. The fund received a report on the CEO’s suitability for the mandate.

What changed

It was very pleased with the quality of the work and confident it had made the right decision.

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