“It’s called private equity. Essentially we buy businesses and help them grow by giving them lots of money. It’s a huge misconception that we just fire a bunch of people and cut costs, that only happens in some of our deals. What do you mean your dad got laid off by KKR maybe he
Sorry, we will not be submitting a bid on this opportunity. Unfortunately the management team only has 450 years of combined experience, our investment criteria specifies that at least 500 years are required for us to consider the deal.
Best,
“Our financials are attached here, I know you asked for them in Excel but we can’t really do that with our computer system and every month is in a separate PDF, by the way when can we see drafts of employment agreements that should be priority 1 right…”
WE ARE NOT LIKE OTHER PE BUYERS, WE SPECIALIZE IN PARTNERING WITH FOUNDERS AND MANAGEMENT TEAMS TO CREATE EQUITY VALUE THROUGH A TEAM APPROACH AND HAVE A PROVEN TRACK RECORD OF SUCCESS WHICH INCLUDES A 35% IRR AND WOULD RECOMMEND YOU SPEAK TO ANY PRIOR CEO REFERENCES
Holy shit you mean that there are untapped growth opportunities at the business through BOTH new customer acquisition AND increasing wallet share at existing customers?! Why haven’t people thought of that before??
Let’s just grab the low hanging fruit and not recreate the wheel while coming together and breaking bread with a come to Jesus moment so that we don’t end up spinning our wheels trying to boil the ocean so that we can all sing kumbaya
If I had a dollar for every time a lender asked “how well did this business do during the recession” I’d have enough money to fund the damn deal myself
Funniest instance of this is a banker telling us he had never seen such a detailed level of IT diligence required in his 40 years of doing deals. My brother in Christ when you were an analyst people were sending CIMs by mail
This is called “leverage”. Read below to learn more about debt and equity and how private equity firms utilize BOTH to acquire businesses 👇
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*gets call from MD*
“Can you come to my office?”
*walks to office*
MD: “Ok I have an Excel question but I’m embarrassed that I don’t know this, why is my IRR formula not working?”
Me: *fixes formula*
MD: “Ok thanks, don’t tell anyone about this”
Some days I feel bad for ruining the lives of our lawyers who may just want to spend some time with their families after work. Today isn’t one of those days, I need that APA revision ASAP
Willing to bid $10,000 on a ring (10x multiple of ~1,000 days dating), with a $5,000 performance-based earnout paid over 5 years assessed on number of children birthed. Employment agreement included
BREAKING: 🚨🚨🚨 what do you think of their wage demands?
Start of a strike among the three major automobile manufacturers (Ford, GM, Stellantis) in the United States.
The UAW union, which brings together 150,000 members, is demanding a 40% salary increase, similar to those
Thanks for reaching out - we’re definitely interested in taking a closer look. Feel free to shoot over an NDA and we’ll look forward to reviewing the CIM.
Best,
The Commanders released a statement that owners Dan and Tanya Snyder have hired Bank of America Securities to consider "potential transactions" involving the franchise.
It is unclear if this means they are exploring a sale of the franchise or are seeking a minority owner.