
Making Billions: The Private Equity Podcast
Understanding how high‑pressure, fast‑paced environments like Formula 1 shape strategic thinking offers PE leaders a fresh lens for navigating ambiguity in early‑stage acquisitions. The episode’s insights on flexible M&A planning and preserving a culture of rapid experimentation are especially relevant as firms seek to scale portfolios efficiently in today’s volatile market.
Peter Rossi’s journey from McLaren’s track‑side IT to a private‑equity‑backed CTO illustrates how a high‑performance racing mindset can reshape technology leadership. In Formula 1, split‑second decisions under pressure become second nature, and Rossi translates that urgency into rapid problem‑solving for portfolio companies. This background gives him a unique lens on ambiguity, forcing teams to devise bespoke solutions when off‑the‑shelf options fail—a skill that resonates deeply in the fast‑moving private‑equity arena where market conditions shift as quickly as a race weather.
The conversation highlights a common pitfall: early‑stage PE planning that is overly rigid. Rossi warns that firms often enter the $2‑20 million EBITDA range with a fixed M&A playbook, expecting to acquire “clean” businesses that mirror their core. Reality, however, forces leaders to confront messy, partially aligned targets and to decide whether to carve out non‑core assets or retain them as revenue anchors. As leadership professionalizes, tolerance for failure diminishes, slowing innovation and execution. Maintaining a culture that embraces calculated risk and rapid prototyping is essential to sustain growth momentum.
When it comes to scaling EBITDA, Rossi advocates a disciplined, core‑centric approach. He advises simplifying the product portfolio, pursuing acquisitions that reinforce existing market strengths, and avoiding distraction from peripheral offerings. Equally critical is the human side of integration: spending time with acquired teams, aligning cultural expectations, and managing change rather than focusing solely on data pipelines or platform migrations. By marrying a clear commercial vision with empathetic communication, a PE‑backed CTO can accelerate growth, double EBITDA, and position the business for a successful exit.
In this episode, Alex sits down with Peter Rossi, a UK-based CTO with 25+ years in technology and 15 years in commercial leadership. From running trackside IT at McLaren to leading 22 acquisitions in a PE-backed group, Peter shares hard-earned lessons on growth, integration, and operating under pressure.
⏱️ Timestamps
00:00 – Introduction & career overview
00:28 – Life at McLaren & high-performance environments
01:23 – VC due diligence & scaling tech businesses
02:24 – Building and exiting a SaaS company
03:50 – The biggest PE mistake: rigid M&A planning
07:25 – Lessons from Formula One
10:21 – Why professionalising leadership can slow growth
14:23 – How to double EBITDA in a PE cycle
18:56 – Integration lessons from 22 acquisitions
20:19 – Resources & how to connect
🔑 Key Takeaways
Plan for ambiguity. You can only acquire what exists in the market.
Not all revenue is equal. Cutting “non-core” products can damage the core.
Protect speed. Over-professionalising leadership reduces risk tolerance and slows execution.
Simplify to scale. Focus on core products and commercial outcomes to grow EBITDA.
Integration is human. Success comes from winning hearts and minds — not just aligning systems.
Raw Selection partners with Private Equity firms and their portfolio companies to secure exceptional executive talent. We focus on de-risking executive recruitment through meticulous search and selection processes, ensuring top-tier performance and long-term success.
🔗 Connect with Alex Rawlings on LinkedIn https://www.linkedin.com/in/alexrawlings/
🌐 Visit Raw Selection www.raw-selection.com
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