We drew inspiration for our ôhypothetical clientö this year from the wave of private equity activity in Taiwan, which is encouraging entrepreneurs to rethink the ownership of their businesses.
Our client recently sold a controlling interest in his company to a financial sponsor for $30 million. He was seeking a private bank to develop an investment plan for the ôwindfallö. We specified that the clientÆs existing asset base which supported his current lifestyle, including his Taiwan residence and Swiss holiday home, were out of the purview of the current mandate.
The client and his son had been offered positions under the new ownership but were unsure how they would find the...