Red Lobster’s Collapse Reveals Elitist Contempt in Populism
Red Lobster did go bankrupt after a PE firm bought them. But it was also after that PE firm sold them to a non-PE company. There’s an elitist strain to economic populism where they have utter contempt for the people they’re trying to persuade.
Big Media Deals Reveal Hidden Undervalued Gems
the 9-figure acquisitions of The Free Press and TBPN tell you that: - yes, most media properties are overvalued and sinking - but also, some are way way undervalued bullish on the next gen
OpenAI's TBPN Acquisition Rooted in 1902 Anti‑capitalist Precedent
If you are wondering why @openai bought @tbpn, then you have to go back to 1902 to get an answer, from an unlikely and the least capitalistic of sources. My short and sweet column from last evening (tip @techmeme). https://t.co/OUAfFSYMS6
Seeking Buyer for World’s Largest Gardening Media Empire
Now that media businesses are being bought left right and center... Who wants to own the largest gardening media company in the world that also sells a ton of product in thousands of stores around the country and online? I can...
Buy McCormick to Capture M&A Premium Amid Consumer
Q1 saw rare consumer megadeals as firms seek scale to counter slowing growth, tariffs and shifting tastes. Risks: integration and regulatory hurdles. Trade insight: buy McCormick for M&A premium capture. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Former Hollywood Workers Flood Me for Business Deals
In the past 6 months, I’ve had more calls from ex-Hollywood workers than ent other group looking for help to buy a business to gain an income.
Target 150bp Yield Spread Over Market Cap
How private equity firms analyze deals: Most important metrics: 1. Stabilized cap rate (yield): Since we focus on value add, the entry cap doesn’t matter much, as long as we can service our debt The stabilized yield matters because it shows the intrinsic...
Intense Team Collaboration Fuels Deal Sourcing
A month ago, I asked a GP of a $180mm AUM fund who has done 16 acquisitions how they find attractive $1-5mm EBITDA cash-flow businesses: "I truly believe our secret sauce is sourcing. If you asked us to pinpoint the one...
FiLMiC Pro's Decline After Bending Spoons Acquisition
Years ago, FiLMiC Pro was a casualty of being acquired by Bending Spoons. This video offers a more comprehensive look at what happened to a promising app after that acquisition. (And yeah, I do not like Bending Spoons’ way of...
METI Rules Force Companies to Negotiate with PE Activists
I wrote about this a couple of years ago. The METI Corporate Takeover Guidelines effectively oblige companies to engage with PE funds who approach. Activists and PE funds play Bad Cop Good Cop. Link in following tweet.
Chinatalk Hikes Price After Lowball Offers.
chinatalk to date has gotten lowball offers from: deepseek tiktok smic huawei sorry folks but the price is going up
Boliden Secures 60% of Expanding Duke Copper-Gold JV
Boliden Canada completes a $30M earn-in for 60% interest in @HDI_Amarc's DUKE #copper-#gold district, officially converting it into a 60/40 joint venture. This district is a prize: it keeps getting bigger and is still open. Stock is top buyout candidate:...
Predictive AI Nailed 731 Deals, Beating the Market
Crunchbase called it. In March, our predictive intelligence confirmed 731 predictions. We flagged Granola’s $125M round months early and RIVR as an acquisition target before Amazon made it happen. Not guesswork. Powerful predictions that give you an edge. 🔮 https://t.co/ykNPWspQ8D
AI Reads 10k Posts in Minutes, Writes Fast
TBPN gets bought. My AI picks up the news and writes about it fast: https://t.co/kiuZ7QXLzb You can't read 10,000 posts in 30 minutes. AI can.
Essential First Steps Before Buying a Business
LIVE - Buying a Business? What You NEED to Know First with Chris Papin https://t.co/2ry1qMoroe
Medallia Loan Collapse Erases $5.1B Equity, Media Silent
Medallia loan value continues to decline, with latest marks at 69. With the term loan in distress, the $5.1 billion of equity has certainly been vaporized. This -100% private equity loss surpasses any private credit loss by an order of magnitude. Where's...
EBITDA Compares, Not Values: Beware Cash Flow Gaps
Charlie Munger famously said: "every time you see the word EBITDA, you should substitute the words 'bullshit earnings'." He's half right. (yah look at me contradicting the eternal god of wisdom) But for real investors mess up when they try and use EBITDA...
OTH Acquires Bellhart, Expands Hubs to Cut Costs
Macro: coastal marine services consolidate. Key: OTH buys Bellhart, adds 3 NC hubs to cut third‑party costs. Risk: low margins, approvals. Trade: buy OTH on weakness. 🚤 — Viktor Kopylov, PhD, CFA. More insights: t.me/si14Kopylov
B
$BILD.V is a “boring” flooring roll-up led by a CEO who understands capital allocation. While the housing sector is weak, co is acquiring assets at 1–2x EBITDA. In 2–3 years, it could be trading at a 13–15% FCF yield, with further roll-up...
Amazon Eyes Globalstar Acquisition; 2028 Target Alerts Triggered
Wow, $AMZN in talks to buy $GSAT Been solid one all year, Jan 2028 calls hit my alerts 3/31 https://t.co/OvcOV5QTT1
Master the Game, Not the Grind: $200M Exit
my friend owned one radiology clinic then he acquired 23 more structured correctly zero personal capital exited the platform for $200M he didn't work harder he learned a different game
Hold Longer, Compound Returns to 25x Instead of 5x
Nothing particularly new here in the capital allocation framework or the underlying idea of holding great assets for longer. It is more of a reminder… But as one speaker at the conference said: if you do excellent work, generate a 5x MOIC,...
Seeking Reliable Metric for OpenAI Secondary Share Pricing
is there a reliable metric on the price of secondary shares for a big startup like OpenAI?
Permanent Equity Unveils Comprehensive Multi‑Fee Structure
After years of resisting industry norms, we’ve decided to modernize @PermanentEquity. Going forward, we will charge: a 2% management fee on committed capital a 2% management fee on invested capital a 2% management fee on appreciated capital a 1% transaction fee a 1% monitoring fee a 1%...
Acquire Smartly, Scale Fast: Boost Valuation Through Strategic Buying
In this episode, Jeremy breaks down the art of buying versus starting from scratch, teaching you how to identify the right businesses to acquire, mitigate risks, and exponentially increase your valuation through strategic scale and financial engineering. Tune in now: 📺 :...
Quincy Jones Estate Sells MJ Catalog Rights to Investors
The Quincy Jones estate sold a large portion of his music rights to HarbourView Equity Partners, which included an interest in Michael Jackson’s albums: Off The Wall, Bad, and Thriller. Jackson’s catalog is believed to be one of the most valuable...
SpaceX Rumored to Acquire Globalstar at SatShow 2026
"Rumors that SpaceX will buy GlobalStar were the buzz at SatShow 2026 last week." https://t.co/YuUnHqkpoE “I think everyone’s convinced that there will be a sale of Globalstar,” @TMFAssociates , founder of the satellite research firm TMF Associates, told @malleven33
Distribution Beats Product Quality in Market Success
People vastly underestimate the power of distribution It's why strategic acquirers always pay the most - they can have your product in 10,000 retail doors overnight It's also the reason to beware of sleeping giants. Slack was obviously the better product, but...
Crocs Paid Half Its Market Cap for Tiny HeyDude Sales
Last year, the Crocs brand sold ~129 million pairs of shoes - or nearly 6x greater than the ~22 million pairs that were sold under the HeyDude brand. In early 2022, Crocs paid ~$2.5 billion for HeyDude. The company's market cap is...
European Lithium Adds Titanium Potential with Velta Acquisition
European Lithium’s Velta acquisition expands its critical minerals portfolio and adds new titanium production potential. https://www.metalnomist.com/2026/03/european-lithium-velta-acquisition.html
Remote Teams Can Depress Startup Acquisition Valuations
One impact of remote or partially remote teams - lower purchase price if startup goes for a smaller exit / M&A (or in some cases acquisition doesnt happen at all) Reason: fewer buyers want fully remote teams, or teams w key...
Build a Deal Flow Engine for Successful Acquisitions
When acquiring a business, building a deal flow engine is key. Here are three things I've learned about building a deal flow engine:
Trading Fixed Dollars for Insight Yields Millions
This is very useful. We've acquired several businesses at WP Engine, and I've invested in ~60, and this is _always_ a challenge. Being able to trade fixed dollars for that insight is worth millions.
SAP‑Reltio Merger Challenges Non‑SAP MDM Users
When MDM Gets Absorbed: What the SAP-Reltio Deal Means for Customers Who Aren't SAP Shops https://t.co/pLHhNYHSPA
T‑Mobile, TPG Team up to Bid for Uniti Group
Hearing on $UNIT -- T-Mobile and TPG are partnering on a bid to acquire Uniti Group [NASDAQ: UNIT], according to sources. TMT FINANCE
Retirement Funds: Too Risky for Buying a Business
Should You Risk Your Retirement to Buy a Business? It might seem like a smart move—but the downside is bigger than most https://t.co/1IbSBmXNes #SmallBusiness & Deal Making #SMB
26North Buys Intermedia, Securing AI-Driven Cloud Scale
26North to Acquire Leading Cloud Communications Firm Intermedia The acquisition agreement between 26North Partners LP and Intermedia Intelligent Communications might look like another private equity move in a crowded communications market, but the dynamics here run deeper. For one, Intermedia has...
Cuban Regrets Buyer, Not Selling Mavericks
.@mcuban on the Mavs sale: "I don't regret selling. I regret who I sold to." https://t.co/4psTnhP8a4
Bankers Demand 3:1 Debt‑equity, You Fund 25%
“The banker [might demand] an ‘opening balance sheet debt to equity ratio of at least 3:1.’ What does this mean?... Basically 25% of the purchase price needs to come from you.” –Borrow from Biz Brokers https://t.co/l2EObkfURN #smallbiz #mergersandacquisitions https://t.co/z7HqTBPGvz
Use a Triage Tool to Secure Small Business Deals
Did someone else get the deal? You should have built a triage tool or just use this one I built for small business searchers like you. https://t.co/d2yvDeY2Va #SmallBusiness & Deal Making #SMB https://t.co/zSo7EexDb3
BoyarValue Predicts Hagedorn Likely to Sell SMG
@BoyarValue talking $SMG on @TheCompoundNews: "You have a 70 year old guy [Jim Hagedorn] who has to be exhausted; the last couple of years have been an absolute disaster. My guess: he's probably going to sell this thing." https://t.co/JuqeMjNda2
Biogen Buys Apellis for $5.6B, Adds SYFOVRE Sales‑linked CVR
1/Another mega M&A deal in the BioTech and Pharma sector with the acquisition of Apellis Pharmaceuticals - $APLS by Biogen $BIIB for $41 per share in cash at closing in a $5.6B deal. In addition, Apellis stockholders will also receive...
Private Capital Disappointment Era Starts, Insurance Intrigue, Decision 2.0
In today’s @FT Due Diligence newsletter: Private capitals disappointment era begins. an insurance intrigue, and The Decision 2.0. https://t.co/I1NYRv0vZ4 https://t.co/3VhyHDtFkB
Private Equity Targets Japan’s Fast‑food Boom
In the land of 🍣🍜🍱 , private equity wants...🍔🍟🍗?! My latest for Businessweek on why major private equity players are investing in fast food operators in Japan https://t.co/stlmwP77Sb
Three Hidden Deal Factors Could Derail Sunway Before Deadline
Everyone is watching whether Sunway extends the April 6 closing date. That is the wrong thing to watch. There are three things sitting quietly in this deal that nobody is talking about — and one of them could end the entire conversation...
Japanese Cross‑shareholdings Shield Incumbents, Hurt Shareholders
Shareholders are supreme under Japanese corporate law, but shareholders' economic interests are not. What is the distinction? Japan is (in)famous for its webs of cross-shareholdings. Suppliers, customers, financial institutions own shares in each other, and always support incumbent management with their...
Organigram's Sanity Deal Boosts EU Reach, Buy Pullback
Macro: Organigram acquires Sanity, expands into EU; Key: 93% vote, BAT financing, 68.6% LTM rev, positive EBITDA; Risks: closing risks, earnout; Trade: buy on pullback — Viktor Kopylov, PhD, CFA. More insights: t.me/si14Kopylov
PE Deal Boosts LatAm Consumer Valuations, Sparks Volatility
Macro: PE buying supports LatAm consumer valuations. Advent to buy 8–10% of Natura at R$9.75; founders exit sparks governance risk. Trading insight: expect near-term volatility. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Even Legacy Founders Eventually Cash Out
Sysco just acquired Restaurant Depot from its 94 year old founder for $29B. Every founder will eventually exit their business at some point.
Acquisitions Accelerate Growth: Favor Mid‑Size M&A Deals
Solid thoughts Art… Compressing “time to scale” is always a good M&a model — as is “owning a loved brand” Facebook was quickly copying WhatsApp and instagram — but decided to accelerate through an acquisition (and got two more swings...