The Portfolio Partnership – Relaunch

The Portfolio Partnership – Relaunch

Times change and markets change. Over the last few months I’ve been busy recalibrating the TPP practice to better serve the needs of the market. Rarely do I use the blog platform – The Smith Report – to explain The Portfolio Partnership, but I thought this was a...
A New M&A Cycle, An Old Problem

A New M&A Cycle, An Old Problem

The evidence is pouring in. M&A activity is bouncing along again. Just in the last three days I read these stories in the WSJ and Boston Globe. Health-care companies undertook $321 billion of acquisitions last year, more than double the $115 billion in 2013...
The Catch 22 of Scaling

The Catch 22 of Scaling

Scaling is Growth with CAPS – Control, Alignment, Predictability and Safety. Or in order of importance: Alignment, Control, Predictability and therefore Safety. But that doesn’t make a great mnemonic! But here is the problem. Most private businesses can’t scale...