Published on March 30, 2026 in Option Finance, the article by Grégoire Lepigeon and Camille Vielmont explores a central issue in private equity transactions: management equity participation.
While management teams play a critical role in executing the business plan and driving value creation, their access to equity often remains constrained. High valuation levels, combined with governance structures primarily shaped around sponsors, can limit their ability to invest and raise questions about their position within the capital structure.
In this context, structuring management equity mechanisms becomes a strategic lever. It must strike the right balance between investors and management, ensuring proper alignment of interests while maintaining effective governance. These mechanisms are therefore designed to combine incentive, performance and long-term value creation.
This analysis reflects the firm’s expertise in Corporate – M&A, at the heart of private equity transactions and capital alignment issues.
Read the full article: https://www.optionfinance.fr/entreprise-expertise/montee-des-dirigeants-au-capital-lalignement-capitalistique-a-lepreuve-des-sponsors-financiers-et-des-flex-funds
