Works councils are an important partner for private equity firms. After all, to achieve the ambitions of these private equity firms, good cooperation between shareholders, management, and employees is essential. Therefore, a well-functioning and prepared works council is crucial.
An acquisition is a complex matter. For works councils of companies that are dealing with a private equity firm as a shareholder for the first time, the NVP (Dutch Association of Private Equity Firms) has written the document 'Works Councils and Private Equity Firms: Practical Advice.' This document outlines the different phases of an acquisition and provides suggestions for what the works council can do at each stage.
The document is available in book form from the NVP and can be downloaded for free here.