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  • August 2017 (Revised July 2018)
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Ardian: Portfolio Company Governance

By: Lynn S. Paine, Emer Moloney and Tonia Labruyere
  • Format:Print
  • | Language:English
  • | Pages:31
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Abstract

Leaders of the mid-cap buyout group at Ardian, the Paris-based private equity firm led by Dominique Senequier, have been asked to review and assess the governance model the firm uses for majority-owned companies in its portfolio. The case describes the governance model and then shows how it has worked in practice at two companies: Italy’s orthopedic implant maker Lima Corporate and French chemical company Novacap. For each company, the case describes how Ardian decided on the investment and established a board of directors and details the deliberations around some of the critical decisions made by each board during Ardian’s tenure as majority shareholder. Through the two examples of Lima and Novacap, the case invites students to evaluate Ardian’s approach to corporate governance in its portfolio companies and to recommend possible changes or improvements.

Keywords

Corporate Governance; Strategy; Decision Making; Private Equity

Citation

Paine, Lynn S., Emer Moloney, and Tonia Labruyere. "Ardian: Portfolio Company Governance." Harvard Business School Case 318-017, August 2017. (Revised July 2018.)
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About The Author

Lynn S. Paine

General Management
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Related Work

    • August 2017 (Revised July 2018)
    • Faculty Research

    Ardian: Portfolio Company Governance

    By: Lynn S. Paine, Emer Moloney and Tonia Labruyere
Related Work
  • Ardian: Portfolio Company Governance By: Lynn S. Paine, Emer Moloney and Tonia Labruyere
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