Large loyalty program

The business was created as a joint venture by several large companies, with the primary goal of mutually beneficial exchange of customers amongst themselves. This led to the lack of a long-term development strategy and a corporate management system that would allow making key decisions quickly. Inevitably, this resulted in a corporate conflict where the only opportunity for further development was for either its minority shareholders or the managers to buy the company.

Business: Turnover within the system more than $1B a year, 100 million transactions per year.

Deal: 100% Management Buy-Out of the company's shares.

Deal Industry: Retail

Deal Type: Private Equity, Venture investment