The development of the Irish private-equity market has helped to professionalise SMEs. There is more rigour and ambition in SME boardrooms these days, with greater focus on growth and well-managed exits. Private-equity (PE) firms start planning their exit before they invest in a business. Following an investment, they work with management teams to build shareholder value in a very deliberate manner, while keeping one eye trained on the exit door. Here’s what SME owners and management teams can learn from private equity. Map the universe of potential buyers A PE investment paper will include a detailed analysis of domestic and…