MTI launches turnkey venture management
On profit and equity share basis:
|
Hilmy Cader |
The global financial crisis and its impact on the region has made
many businesses to rationalize their portfolio of business units,
resulting in those that lack critical mass and /or do not fit within the
core business domain being considered for exit, thus allowing greater
and shaper focus on the core business.
This is where the newly formed Venture Management Unit of MTI
Consulting see the opportunity to take over the management of such niche
units on a turnkey basis - in return for a share of equity, profits and
a minimal fixed fee.
“With the extensive international and local experience of our
consultants (most of whom came from industry, with hands-on experience),
we feel very confident by this opportunity.
Above all, our team is willing to get hands-on and willing to link
our rewards to returns. After 12 years of consulting experience that has
taken us across border and industries, we are now ready to take
consulting to the next frontier in the form of venture management” said
the Bahrain-based CEO of MTI Hilmy Cader in his launch communique.
He said “This way, MTI will take responsibility for the bottom-line
and given that our returns depend on it, we will be laser beam
bottom-line focused on turning the business around, in the shortest
period and with the most cost-effective model. Obviously, we will do a
quick due diligence to check the viability of the project before
commencing” said Hilmy Cader.
Given that this is a relatively new concept, MTI are targeting
companies they have worked with and will be initially confining it to a
few, so that these start-up projects can benefit from a high level of
focus. |
