KKR Invests in MLS NEXT Pro to Boost US Soccer Infrastructure
KKR backs MLS NEXT Pro with strategic investment to build US soccer's commercial infrastructure Get the full scoop here: https://t.co/nSpfoq2ytO https://t.co/QOKxxdQaSu
Pearl Abyss Sells CCP Back at $305M Loss
Crimson Desert studio Pearl Abysss (publicly traded in Korea) is finally selling Eve Online studio CCP (based in Iceland) back to its management. Selling price: US$120M. Buying price in 2018: US$425M. There were rumors about such a deal swirling last year already.
Patience and Networks Beat Brokers in Deal Hunting
Found myself reading the quarterly investor letter of Hayden Capital, a small hedge fund run by Fred Liu. "Avid investors. Lifelong learners." as they describe their team of professionals. In the Q4 2025 letter, he said: ' picking winners (and importantly,...
Apollo Targets $14B Tenneco IPO After Earnings Double
Apollo plots Tenneco IPO at $14bn valuation as automotive turnaround delivers near-doubled earnings Read more here: https://t.co/kc5SAhwSBN https://t.co/r3P9SGahZm
Due Diligence Findings: Your Biggest Deal‑Repricing Leverage
if your business does $1M–$100M: the due diligence findings that reprice every deal: – owner add-backs: price drops – one-off revenue removed: EBITDA adjusts – key person risk found: earn-out structured – undisclosed liabilities: walk away every finding is a negotiating tool
CVC's Private Wealth Channel Jumps 40%, €21.5bn Realised
CVC's private wealth channel surges 40% as realisations hit €21.5bn over the last twelve months Read the full story: https://t.co/4XHta2Hv2r https://t.co/EnC26JnRBi
Unlock Off‑Market Deals: No Competition, No Fees
the off market advantage: – zero competing buyers – no broker fees – motivated seller directly – vendor finance available the best deals in your sector never get listed
Apax Leads £1.2bn CloserStill Media Sale
Apax emerges as frontrunner in Providence Equity's £1.2bn+ sale of CloserStill Media Read more here: https://t.co/Dn9J0db53Y https://t.co/Z54vRopGOz
People, Not Paperwork, Drive Post‑Acquisition Success
You can spend months or years trying to buy a business, but once day one arrives, all of that effort disappears. Talked to 100+ investors? Many more company owners? Spend 6 figures on closing processes… all this does not matter. What matters now is...
Private Equity's Vertical Integration Threatens Financial Advice Consumers
Consolidation in the financial advice industry is gathering pace around the world. Private equity increasingly owns the advice, the platform and the investment product. Same group. Every layer. Margin captured at every stage. It's called vertical integration. But who's it designed to serve?...
KKR Restarts Flora Food Sale at $10 B Valuation
KKR revives Flora Food Group sale process with $10bn price tag Read more here: https://t.co/yGF3OTrNBY https://t.co/Fu6a3q9jGj
RNWH's Edwards Dive Deal Boosts Earnings, Slightly Better Valuation
#RNWH buying Edwards Diving Services and says "will be immediately earnings enhancing". ShareScope has fwd p/e 12.5 falling to 11.7 and fwd Divvy 2.4% rising to 2.5%; no steal but reasonable. I don't hold.
Lazard Buys Campbell Lutyens for $575M, Forming PE Advisory Giant
Lazard acquires Campbell Lutyens for $575m to create global private equity advisory powerhouse Read the full story here: https://t.co/KfnoRnOwfo https://t.co/AJP4RhBLIE
Fat Brands Faces Breakup; Smokey Bones to Close
Looks like Fat Brands will be broken up in a sale process. But Smokey Bones is shutting down. https://t.co/CS0SUmXyQf
Neuberger Berman Pivots to Europe Amid US Valuation Surge
US private equity firm @neubergerberman shifts space strategy to Europe as US valuations surge Read more here: https://t.co/Gm47sQGtxK https://t.co/NARByXRRBT
Teva Spends $700M on Tourette Drug, Shares Jump 11%
Teva nabs experimental Tourette drug in $700M Emalex buyout https://t.co/z1byYRgYul by @realJacobBell $TEVA + 11%
Blackstone Commits $2.2bn to Eurowind Amid Rising Energy Demand
PE giant @blackstone deploys up to $2.2bn into Eurowind as energy demand inflects Read the full story here: https://t.co/XvZksY06Ji https://t.co/kHfnniqonU
CVC Invests €210m to Revive Struggling Lipton Teas
Cash injection: @CVC_Capital injects €210m into struggling @Lipton Teas as turnaround effort deepens Read more here: https://t.co/ONRnQRUtsW https://t.co/agGwROMLZt
Chiesi Acquires KalVista for $1.9B Rare Disease Drug
Chiesi to buy KalVista in $1.9B deal for rare disease drug https://t.co/VR9hDYGLGJ by Kristin Jensen $KALV $PHVS $NTLA $BCRX $IONS
Broker Loans: Step‑by‑Step Payment Flow Explained
“How a broker loan works: 1. Buyer creates a loan agreement... 2. Broker gives a credit memo... 3. The buyer submits the credit memo to the seller... 4. The seller pays the broker with the credit memo... 5. The buyer...
Capital Stack-to-EBITDA Ratio: The Overlooked Buying Metric
Total capital stack to EBITDA ratio is one of the most overlooked ratios in the business buying world.
Fluent Software Group Expands Into Australian Benefits Market
Valsoft’s Fluent Software Group Enters the Australian Workforce Benefits Vertical with the Acquisition of Eziway https://t.co/FlaQc1WZ2C https://t.co/jHJvWlndz3
CD&R Nears $5B Partial Exit; Ametek in Talks
CD&R nears $5bn partial exit from Indicor as Ametek enters exclusive talks Read more here: https://t.co/u3MYhL4ND7 https://t.co/Lc5ij5Rs25
Ares Management Secures 32.4% Stake in Rover Pipeline
Energy deal in sight: @ares_management acquires 32.4% stake in Rover natural gas pipeline from @blackstone Read more here: https://t.co/fhhzgS33Eh https://t.co/KVi45YmPMJ
Meta's $2B Deal Flops Due to Arrogant Due Diligence
But what makes Meta and Manus' thwarted deal truly amazing is the lack of due diligence: "Meta conducted only a few weeks of due diligence to complete the acquisition in December, while neither Meta nor Manus sought Chinese regulatory approval for...
Embrace Bad Deals: Speed and Risk Drive Roll‑Up Success
"If every deal is right in roll up, we're either not taking enough risk or not moving fast enough. It's okay to have a bad deal — that's the beauty of the model." - Alex Sloane (EP.499) With thanks to @AlphaSenseInc,...
Advent Sells Idemia Public Security to Amadeus for €1.2bn
Advent International exits Idemia Public Security in €1.2bn all-cash sale to Amadeus Read more here: https://t.co/ile1tDlmZu https://t.co/oXkztqSF1v
Ardian Launches Tenth Secondaries Fund as $30bn Predecessor Nears Deployment
Ardian plots return to market with tenth secondaries fund as $30bn predecessor nears full deployment Read more here: https://t.co/v0eRDdVQ8z https://t.co/pS6m2ThIwE
Advent, Cinven Exit TKE After €29.4bn KONE Merger
Advent and Cinven exit TKE in €29.4bn merger with KONE, retaining stake in combined group Read the full story here: https://t.co/ViE5W0NCQM https://t.co/srFewfpxj6
Only Acquisitions Break the Asset Ceiling, Not Coaching
$1M–$100M owners: the realisation that stings: the $100K coach was excellent the ads were managed well the organic strategy was sound and the ceiling is still there because no strategy removes a single asset ceiling only acquisition does
Vendor Finance Adds a Second Asset for Free
if your business does $1M–$100M: every dollar you spent on ads every dollar on sales coaches every dollar on growth consultants was invested in optimising one asset vendor finance buys you a second asset for nothing
Vendor‑Finance Acquisitions Break Growth Plateaus for $1‑100M Businesses
if your business does $1M–$100M: the growth strategies that plateaued: – sales coaching: hit the ceiling – paid advertising: diminishing returns – organic content: slow compounding – hiring more people: more complexity the growth strategy that doesn't plateau: acquiring businesses using vendor finance
Stop Paying for Growth—Acquire Businesses With Zero Capital
you've spent money trying to grow your $1M–$100M business: the money went into: – strategies that required more of you – ads that stopped working when you stopped paying – coaches who taught you to sell harder Start acquiring instead, you can do it with...
Jobs' Relentless Calls Secured Siri for Apple
When Steve Jobs saw the first Siri demo in 2010, he was immediately hooked. The founder didn’t want to sell, though. So, Jobs called him 24 straight days until he agreed let Apple acquire the company. https://t.co/3J0ZZkDqTQ
Bet on Likely Buyers, Not Just ETA/SMB Hype
Most people interested in ETA/SMB would be better off dropping a few bets on the searchers/buyers most likely to get it done. I’d love to back 5-10 of “myself” from 10yrs ago
CVC Eyes $9.7bn Nexi Buyout Amid Political Pushback
Takeover in focus: @CVC_Capital circles Nexi again, with $9.7bn take-private facing political resistance Read more here: https://t.co/VXOBxxkFzH https://t.co/857KVTxi21
Private Credit Woes Signal Bigger Private Equity Risks
"Whatever struggles private-capital investors will have are likely to be dwarfed by those investing in private equity." Compelling analysis (per usual) from @verdadcap, looking at the return of high-yield bonds to the matched public equities for every notch deterioration in...
AOL Offloads ICQ to DST for $187.5 M
#ThisDayInTechHistory. April 28, 2010. AOL sold ICQ to Digital Sky Technologies, headed by Alisher Usmanov, for $187.5 million. #Internet #History https://t.co/CM6z9sFzeo
T‑Mobile Invests $2.7 Bn to Scale Fibre JV
Joint venture incoming: @TMobile writes $2.7bn in cheques as Oak Hill and Wren House bring their fibre bets to scale Read more here: https://t.co/8NsUEh8aj9 https://t.co/gI8TxB6bpQ
Adobe Acquires Semrush to Boost AI-Driven Brand Visibility
Changes might be coming. The acquisition is complete -> Adobe Completes Semrush Acquisition, Strengthening CX Enterprise with Enhanced Brand Visibility Capabilities "By combining with Adobe’s Customer Experience Orchestration business and the new Adobe CX Enterprise, we (Semrush) are better positioned...
Cash Flow Must Cover Wage, Debt, and ROI
The three objectives you need to achieve from the cash flow of a #smallbiz: 1. Take home a wage 2. Service debt 3. Receive an adequate ROI. If you can’t achieve all three, yet proceed with a deal, you’re just...
Missing the Golden Deal Flow Decade for $1M‑$100M Owners
if you're a $1M–$100M owner not in the acquisition market: here's what you're missing: – the golden decade of deal flow – motivated sellers at peak volume – vendor finance structurally open – competitors building platforms around you
BMG and Concord Merge, Form World's Fourth-Largest Music Company
Two of the largest independent music companies, @BMG and @concordmusicpub, are merging to create the fourth largest music company in the world. Country stars, broadway show tunes and reggaeton under one roof. https://t.co/GpKBt2prDw
Investors Target Vegas, Seattle in $10B NBA Expansion
Sports alert: @NBA expansion race heats up as investor groups circle Las Vegas and Seattle franchises worth up to $10bn Read the full story here: https://t.co/EvgGkySHMK https://t.co/3wwbqIcK2U
Personal Capital Fuels Growth in Undervalued Companies
I had an hour-long conversation with a former investment banker who now travels around the world to acquire and invest in companies that, let's say, don't fit neatly within traditional multi-company portfolio strategies... These are not necessarily distressed assets, but rather...
Stonepeak and Bernhard Capital Acquire Louisiana Utility
Exit alert: @Stonepeak and Bernhard Capital Partners snap up Louisiana utility from @Macquarie consortium Read more here: https://t.co/yHPRbbuFsN https://t.co/ubmRfE2era
Stripe’s $1.1B Crypto Deal Wasn’t Too Early
Last week I sat down with Zach Abrams, co-founder of Bridge, which was acquire by Stripe for $1.1 billion in October 2024. At the time, it was the largest crypto acquisition ever, and plenty of people thought they overpaid. But...
Leverage and Poor Integration Undermine Roll‑Up Success
"What blows up roll ups over time, at least in our experience, is leverage and lack of integration." - Matt Perelman (EP.499) With thanks to @AlphaSenseInc, @CanoeAI, and SRS Acquiom.
Silver Rock Raises $4bn to Salvage Private Equity
Born from Milken's office, Silver Rock raises $4bn to pick through private equity's wreckage Read more here: https://t.co/wf17BDoQ7F https://t.co/feS4VaEDfp
Temasek, CPPIB, ChrysCapital to Cash Out in NSE IPO
Temasek, CPPIB, and ChrysCapital among investors set to exit via India's NSE IPO Read more here: https://t.co/VFVPxY6weC https://t.co/kpQRpHDi5f