
Business
3 ways to improve family business succession and benefit the wider economy
Family businesses are a powerful economic driver but only a third last a generation beyond founding. Here's how they can improve the process of succession.
Brightstar Capital Partners is a private equity firm focused on investing in closely held, middle-market companies. Brightstar partners with families, founders, entrepreneurs and management teams where the firm is ideally positioned to drive value creation. Brightstar employs an operationally intensive approach that leverages its extensive experience and relationship network to help companies reach their full potential.
Family businesses are a powerful economic driver but only a third last a generation beyond founding. Here's how they can improve the process of succession.
What strategies do private equity firms use to achieve beneficial outcomes and what lessons might this hold for others in the financial world and beyond?