News Alert – Turnaround Code of Conduct
The British Private Equity & Venture Capital Association (BVCA) is the industry body and public policy advocate for the private equity and venture capital industry in the UK.
Every year many businesses are saved from collapse by turnaround investments made by private equity firms who provide capital, ideas and execution skills to underperforming or failing companies. Unfortunately the turnaround space is also occupied by firms which actively seek to make profits by closing businesses down and liquidating assets.
Consultations within the turnaround community have led to a Code of Conduct in order to better protect and improve the reputation investors and the industry.
The final Code of Conduct for Turnaround Investors has now been published, acting as a set of guidelines which demonstrate the way in which certain BVCA members outline their genuine aims to save and turn businesses around whilst agreeing to abide by ethical practices in so doing.
Firms specialising in turnaround investments and members encountering turnaround situations are invited to sign the code.