EoS Fitness Valued at $1.5B Amid Rapid Growth
May 2025 - "TSG Consumer Partners has struck a deal for EoS Fitness. The deal values EoS at ~$1.5 billion, including debt... EoS recently surpassed 1.5 million members, 500,000 of which joined in just the last two years." https://t.co/IytMCiRpjr
Trump Admin Stalls $5.9B Citgo Takeover over Risk
EXCLUSIVE: A $5.9 billion deal for control of #Venezuela’s Citgo by a group affiliated with hedge fund Elliott has gotten bogged down amid Trump administration concerns over the price and political risk. @jendlouhyhc @NicolleYapur @GaripPatricia https://t.co/hnSAqgLCpt
Ackman Proposes Michael Ovitz as UMG Chairman
Part of Bill Ackman's proposal to buy Universal Music Group for $64 billion is to name a new chairman of the board, Michael Ovitz:
Gilead's $3.1B Deal Expands ADC Portfolio
Gilead continues M&A surge with $3.1B deal for ADC specialist Tubulis https://t.co/xEMXvDq2LL by @gwendolynawu $GILD #biotech
Buy When Five‑Year Earnings Valuation Doubles Current Price
François Rochon on valuation "Our valuation discipline is simple. We estimate what we believe a company can earn in five years and then apply the P/E we think the market should give it. If the resulting price is at least double...
M&A Surge: Blackstone Deal, SCII LOI, Two $200M IPOs
Today's M&A and SPAC notes $HOLX / Blackstone / TPG deal closed $SCII entered LOI with a payments technology company $ACGCU $200 million IPO $AACPU $150 million IPO https://t.co/094cl5qlvH
Tubulis Secures $5B Gilead Acquisition After CEO Vision
Last year I visited @Tubulis_GmbH in Munich, Germany. Here's what CEO Dominik Schumacher told me they were aiming to do. Congrats on today's acquisition by @gilead for up to $5B, and congrats to @schroederthilo who raved to me about this...
Ackman's 78% Premium Is Merely a Self‑valued Projection.
the “78% premium” that Ackman is advertising isn’t really a premium in the classical M&A sense… it’s just his view of future value of UMG with him in charge after a basically all-stock merger🙄: https://t.co/otTHJExZ64
Ownership Shifts Analysis: Live With Your Decisions
A few days in New York City and an important message from a former partner at a lower middle market private eqity firm. Today, he runs his own firm. He has bought 8 companies, all legacy buyouts, with companies that have been...
Board Meetings Now Focused on Selling to Anthropic
Every Q1 board meeting just got a “So guys, how do we sell the company to Anthropic? ” Question added to the agenda 😂
Governance Gaps Highlighted Amid Unanswered CEO Outreach
Just so everyone has the full picture, the Koala has never received a reply to any of these emails to TNR Gold $TNR.V $TRRXF Have never met with or spoken with the CEO (despite trying) Swapped DMs with his son the VP...
FORA MBO Yields Modest Bump, High Upside Potential
$FORA bump finally here. Definitive agreement signed with the founder-led consortium at $2.17/share, but only a 3.3% increase over the original $2.10 bid. Not great, not terrible, given the insider control and the redomiciling move to ease shareholder approval. Looks done.
Ackman's $63B Bid Proves Music Isn't Dead
Bill Ackman's $63 billion offer for Universal Music strikes me 2 ways... 1. I know almost nothing about the music business. 2. If he is offering $63 billion, I guess the music business is not as dead as people have been saying...
Micro Focus Finalizes Novell Acquisition, Shaping Enterprise Software
#ThisDayInTechHistory. April 6, 2015. Micro Focus completed its acquisition of Novell. #Computer #Network #Software #History https://t.co/Gv9Ivw33YE
Orion's $40bn DRC Deal Could Redefine Western Copper Supply
Orion’s possible 40pc purchase of Glencore’s DRC mines could reshape western copper and cobalt access. https://www.metalnomist.com/2026/04/orion-glencore-drc-stake-sale-could.html
Sunway's RM11B IJM Bid Masks High‑P/E Time Bomb
Everyone thinks Sunway's RM11 billion bid for IJM is just about building a "NATIONAL CHAMPION," but the underlying math reveals a brilliant trap. At an implied 46.6x P/E, this isn't a generous premium buyout—there is a ticking time bomb most investors...
Casey’s General Stores Replaces Hologic in S&P 500 Lineup
Biolsi @Hedgeye_Staples has Hedgeye Nation Long $CASY $CASY Casey's General Stores $756.05, +8.28) -- to replace Hologic Inc in the S&P 500 following the acquisition of HOLX by Blackstone and TPG Global https://t.co/3sxRpNo2yY
PE Market Crashes: Deals, Exits Plummet,
PE deal values down 36% Exits down 33% Fundraising weakest since 2018 LPs “completely risk off” on software The $4T PE exit backlog is getting bigger…
Deal Market Paused Amid Post‑Easter Lull, War Threat
Deal market seems to be on hold: Easter in the rearview and massive war escalation possibly ahead.
HOLX at Buyout Price, CVR Lottery Offers Tiny Upside
The Hologic buyout by Blackstone / TPG at $76.00+CVR is expected to close tomorrow With the stock trading at $76.01, you can get a lottery ticket that'll pay as much as $3.00 for $0.01 (CVR payout based on Breast Health division...
Institutional Backlash Makes Tesla Premium Essential for SpaceX Deal
My thoughts on the difficulties rallying institutional support for a potential SpaceX acquisition of Tesla. And why a premium is a MUST. Hello, @TeslaLarry (love you, but on this one we so disagree). Also tagging @WR4NYGov
Female Founders Risk Buyer Betrayal in M&A Deals
I've talked to a number of female founders who've sold their co & had buyer refuse payments after taking control, strategic buyers backing out of m&a and then releasing a copy of the product and hiring a leader who works...
Call Founders Directly to Master Niche Industries Quickly
I still think one of the best ways to understand traditional niche businesses and industries is by picking up the phone book and calling founders. With every founder you meet and every company you visit, you can soak in so much...
Merging VYKAT Reduces Market Pressure, Improves Product Outlook
When a stock becomes a circus, it can have real world impact on a product. VYKAT’s profile isn’t going to be different at the end of the day, but it will be better off as part larger company where stock...
RA Capital Boosts Wave Stake Amid Clinical Setback
🚨Here is an interesting report from this week’s @barronsonline regarding a major investment made in $WVE by RA Capital - despite Wave’s recent disappointing clinical readout of its obesity candidate $WVE-007 🧵👇. According to the report RA Capital has raised...
Gulf Funds Poised to Finance Paramount's $81B Warner Deal
MyPOV: the middle east to the rescue. Gulf Funds Near Deal to Back Paramount’s $81 Billion Takeover of Warner https://t.co/hTIMzrGhf5
Paramount Seeks $24B Saudi-Backed Equity for WBD Takeover
is this February news? Paramount is in talks to secure signed equity commitments of close to $24 billion from three sovereign-wealth funds led by Saudi Arabia to help back its takeover of Warner Bros. Discovery https://t.co/7XR7k0sk2k via @WSJ
Acquire Competitors with SBA 7(a) for Cash Flow
The competitor acquisition is the one most existing business owners sleep on. SBA 7(a) covers it. You eliminate the competition and add cash flow at the same time. One of the cleanest deal theses we close. More operators should be looking at...
Deal Timeline: 60‑90 Days, Diligence
Solid framework. What it doesn't show: steps 4-6 take 60-90 days and a bad month during diligence can reprice or kill the deal. Also that 5% seller note goes on standby for 2 years per SBA rules. Structure works when...
From Struggling Buyout to Global Fund Builder
My conversation with @PRamanathan on how he helped lead a management buyout of a struggling cathodic protection business in 2003 and turned it into Corrosion Technology Services. Himself local to Dubai, Ram's company, CTS, includes 10 companies operating across 8 countries...
Buyout Strategies Look Same; People Make the Difference
When talking to a lot of lower middle market firms, the buyout strategy is almost always the same. There is not a lot of differentiation. They are all kind of doing the same thing. What is different are the people and personalities...
Buffett Chooses Companies Based on Durability, Not Sales
. @vickeller on Warren Buffett and Berkshire Hathaway acquiring three of his companies, and what he looked at in his companies: "Mr. Buffett acquired businesses that I was fortunate enough to be part of founding. I don't think anybody sells a...
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...
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
