Disagreements between the venture capital fund that had purchased Scott USA and senior managers who remained loyal to the company founder and previous Chairman, Tom Stendahl continue. The fund divests various divisions of the company, including Scott brand. A management buy-out ensues, with Stendahl and 25 of his senior managers having an equity stake in the company. Within three years, all debt was repaid and the company had risen from near ruin to become a formidable adversary in the fiercely competitive global sporting goods industry. Stendahl remained as a strategic advisor to the company and shares some key lessons.
Keywords
Entrepreneurial Finance, Venture Capital, Human Resource Management, Sports Equipment
Settings
Europe, Switzerland
2004
Available Languages
English
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