Aging Trade Businesses Offer Untapped Buying Opportunities
Dad spent 30 years building a business his son doesn’t want to run. Now he needs to sell. This is happening everywhere in the trades right now. And it’s one of the most overlooked buying opportunities out there.
OpenAI CGO and TBPN President Discuss Future Collaboration
🎙️Tomorrow on The Grill Room: A special OpenAI-TBPN deal omnibus featuring back-to-back conversations with: * OpenAI Chief Global Affairs Officer @chrislehane * TBPN President @DylanAbruscato Follow here: https://t.co/OUrgd2dr7a @PuckNews https://t.co/LNZpsHUAkd
China Secures Germany’s Premier Robotics Asset
How China Acquired Germany’s #Robotics Crown Jewel by @JacklouisP #AI #MachineLearning #ArtificialIntelligence #ML #Innovation https://t.co/DuFtEGfyDb
Ares Backs $1.7B Sunbelt Retail REIT Push
Latest bet that #CRE especially in the #Sunbelt is undervalued belongs to #Ares, w/is teeing up #Whitestone #REIT for $1.7B+taking 5MSF of open-air #retail in places like #Phoenix #Austin #DFW #Houston #SanAntonio. #realestate #PE #BofA #WallSt https://t.co/iaUBXCrFQe
Unilever to Acquire Gummies Maker Grüns for $1.2 B
Axios Pro scoop: Unilever deal for gummies maker Grüns is valued at around $1.2 billion https://t.co/75MXcTj32E
First Meeting Leads to Last‑Touch Attribution on Acquisition
I met Chad two days ago for the first time and Gruns got acquired. From a last touch perspective I have to be attributed as part of this sale.
Corient Expands UHNW Footprint with $5.6B Vivaldi Acquisition
Corient continues its buying spree in the ultra-high-net-worth space, announcing the acquisition of another RIA, Vivaldi Capital ($5.6 billion AUM) They've been on a roll the past year https://t.co/xy8jLFknDZ
Private Markets Face $330B Debt Maturity Crunch by 2028
"A wall of debt maturities is looming for the private markets industry, with more than $330 billion of high yield, leveraged loan and business development company-linked software and technology debt coming due for repayment through 2028." https://t.co/tbaFKL3oym
VANL Goes Private at 58% Premium After Prolonged Sale Attempts
#VANL taken private at a 58% premium but apparently they have been trying to sell themselves for ages…can’t recall the RNS where they informed shareholders of what they were doing https://t.co/5PsBj27lWP
KKR, Brookfield Near $250‑Share Deal for SBA Communications
on $SBAC+ KKR and Brookfield are in late stage talks to acquire SBA Communications (SBAC) for around $250 a share TMT FINANCE
Ex-Rio Tinto CEO's Deep-Sea Mining Firm Merges in $1B Deal
Ex-Rio Tinto CEO's deep-sea mining firm to merge with Odyssey in $1 billion deal https://t.co/Kuu3PtXS1B
Buyout Assets Mispriced, Returns Don’t Justify Risk
"In the buyout space, we don’t think assets are priced to get a reasonable return for the risk we're taking." - Bruce MacDonald (EP.495) With thanks to @AlphaSenseInc, Canoe, and Ridgeline.
Meta's Singapore Pivot Signals Full Workflow Automation by 2026
A student from a small tea-producing village just sold his startup to Meta for $2B and the reason will change how you run your business. For years, the tech industry obsessed over "brains" models that could generate code or essays. But...
Young Parrot‑Lover Wields $20B in Europe’s Distressed Debt
What if the boldest force in Europe's distressed debt isn't a legacy titan — but a 35-year-old with a love for raising parrots and $20B to deploy?
ByteDance Valuation Tops $600B After Equity Sale Push
ByteDance valuation exceeds US$600 billion after proposed equity sale: sources The seller originally had the valuation at US$550 billion, but raised the amount after multiple parties expressed interest. https://t.co/pL87pI2YJV via @scmpnews
PE Funding Forces Anthropic’s Enterprise Rollout, Not Market Demand
The headline says Anthropic is going enterprise. That is not the real story. They put in $200 million. Blackstone and two other PE giants put in up to a billion more. To sell Anthropic’s own product for them. Private equity has something...
Use EBIT/3 over Prime+5% to Spot Undervalued LBO Targets
Valuation trick that has served me well over the years: Start with net cash companies. EBIT / 3 / (Prime +5%) > EV You can LBO the whole business with debt at prime + 5% that is covered 3x. Good for identifying undervalued takeout...
YC Alum Pranav Poised for Defining Tech‑Enabled PE Play
I think Pranav is one YC alum I have been tracking for a long time who is about to make the defining tech enabled PE play of our generation
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...