Inside the Rope with David Clark

Ep 174: Adrian Mackenzie - The power of partnership in private equity investments

5 snips
Jul 16, 2024
Adrian McKenzie, founder and partner of the Australian private equity firm Five V Capital, shares his remarkable journey from investment banking to private equity, highlighting his early career influences. He emphasizes the power of partnerships and the need for alignment with business owners. The discussion covers the mid-sized market, defining target companies, and the firm's hands-on growth strategies. Adrian also introduces the Horizons product, offering quarterly liquidity for investors, and stresses the importance of social responsibility through charitable contributions.
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ANECDOTE

Early Career in Investment Banking

  • Adrian Mackenzie began his career in investment banking in the early 1990s in London at Schroders.
  • He quickly realized investment banking wasn't for him but became interested in private equity after exposure in New York.
ANECDOTE

Joining CVC Capital Partners

  • Adrian joined CVC Capital Partners in 1995 after responding to a job ad and starting in a junior position.
  • His first deal at CVC was a small transaction, illustrating the firm's growth from small beginnings to a global private equity giant.
ANECDOTE

Success with Pacific Brands

  • At CVC, Adrian worked on Pacific Brands, a successful corporate carve-out yielding a seven times return in three years.
  • This deal exemplifies how well-executed private equity investments can significantly improve earnings and cash flow.
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