This fund invests in distressed companies and brings them back to life after buying them and making fundamental changes
According to the IDEA, Max Holding unveiled Private equality. This fund, which is called “Omid Hope Fund”, intends to buy companies that are damaged and about to fail despite their high potential and need radical changes, and bring them back to the competitive market. The procedure of this collection is that all these companies should be sold in the end and Omid Hope Fund should leave them.
“Tim Latif” announced in the press conference that was started on the occasion of the activity of this fund, Max was established in 2019 and at the beginning it had a series of digital companies. But in the end, he came to the conclusion that he should enter the investment space and advance the growth process of a startup in an organized manner: “During this period, we made about 20 transactions, and the Max group of companies currently has more than 2,000 employees.” Brands such as Ezki, Ezkiwam, Docterto, Plak, Khodro 45, Humka, Idip are among the companies that are considered a sub-category of Max.
Referring to the concept of Private Equality, he stated that this type of investment is very common in the world and has grown more in the last ten years. He related the beginning of this type of investments in history to 1901, when a large steel company was bought by a bank. He pointed to groups such as KKR, which are one of the pioneers and leaders of this type of investment, and announced that they also felt the lack of such a fund in Iran.
According to Tim Latif, five trillion dollars is a number that the active companies in this field are managing, and according to statistics, thirty percent of the volume of sales and purchases in the world belongs to these companies. He believes that these issues show how popular this topic has become in the world and show the power and influence of the private sector economy more than ever.
Tim Latif emphasized that Max Omid wants to introduce professional investment into companies: “One of the important issues in our economy is that companies must be properly managed. The knowledge of management in Iran is weak, and we do not have a proper financing discussion in the country.
Small companies that are full of potential but are going in the wrong direction can be bought and the right changes can be made in it. Companies that are hurt can be bought at a good price and fixed. “Our focus is to start with companies that have had a lot of problems and we will fix these problems after we buy them.” He believes that when they have been active in Iran’s startup ecosystem, they have faced the most difficult challenges and can overcome the problems that this type of investment may bring.
According to Tim Latif, they start with a capital of 500 billion tomans and they plan to spend this amount to buy eight to ten teams.
“Ahmedreza Nakhjavani”, the CEO of Max Omid, also pointed to his 17-year career in the Shuttle Group and announced that many issues, including internet restrictions and mandatory pricing, made him leave this space.
He announced that they tried to manage this company in a completely scientific and accurate manner and make it a benchmark in universities. Nakhjavani believes that this knowledge of management should be used in all companies in order to succeed.
Nakhjavani emphasizes that hopeful investment is the best equivalent that can be made from Private Equality in Iran, because they intend to help and save companies that have fallen into despair: “I believe that many organizations have very serious problems in They have a management field. Managers also know this, but they cannot do anything in times of crisis, and organizations need a series of serious changes to succeed.
He believes that they have reached a good infrastructure in Max Holding so that they can carry out their mission in promising investment. He envisioned four stages for their own activity: “In four stages of capital, we advance the work. “We raise capital, we do deals, we improve management and grow the company, and finally we exit and move on to the next project.”
In response to the question of which companies they plan to invest in, Tim Latif said: “I believe that proper management in any company in any field and dimension can make that company successful.” For this reason, we are not focused on a specific area and the size of the company is not important to us, but our purchase must be a delicious purchase. It is economical and we can create an added value to it.”
Nakhjavani said about the way companies are selected: “Companies can ask us for help and we monitor the market ourselves. The issue of our help is both the injection of money and the issue of improving management in the company.
There are also a series of companies that are basically put up for sale, and we are monitoring the market completely to see what opportunities there are.” But he emphasized that their work will be very thorough and speed is not a priority: “We have to proceed carefully and buy a company to make sure we are making the right investment.” In this regard, Tim Latif announced that the big global companies in this field may examine 1,500 companies and finally invest in five companies.
Nakhjavani also told Digiato about the time each investment might take: “This matter also takes time and things must be done carefully. Each of our contracts may last between three and five years. We attract part of the capital we make from others and we buy companies and we should be able to return their profits and money.
That’s why we proceed with confidence and in the end we have to sell the team to be able to return the money to other investors and our business partners.”
Max Omid, a promising investment company, has been operating for a week and plans to make changes in the private sector economy. This company does not have a specific focus on startup companies or active in a specific field and intends to buy any business complex that has high potential but is in trouble and improve that company with fundamental changes and then sell it again. It continues on its way.
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