they historically owned. So in that case, you are weakening your own company to strengthen yourself as the private equity firm . And that just felt to me like You know, I didn't go to business school.
It's important to underscore for those who are less familiar with the industry. The private equity firm who makes the decision to take out those loans has no responsibility for paying that debt back. Only the portfolio company is on the hook for paying that debt back.
And people are quite curious. The private equity firm ?
So yeah, I think the evolution from treating Toys R Us as the widget, and maybe we bankrupt Toys R Us and that's fine, But no private equity firm would underwrite 100% revenue to interest ratios.
So yeah, I think the evolution from treating Toys R Us as the widget, and maybe we bankrupt Toys R Us and that's fine, who sells his practice to a private equity firm ." That is A, kind of uninteresting to me, and B, I'm not God here, right?
Well, if he can do it, so can I. And it would have given me a lot of confidence. I was very struck in my own private equity firm -- I'm a partner of a private equity firm .
that you wouldn't even feel. Between 1985 and 2014, private equity firm Horsley Bridge invested in 7,000 different startups and over half of their investments actually lost money,
basically my early part of my career did a lot of early stage investing in Latin America then I went to business school when I came out I went to work in another private equity firm a Wall Street everything was great moving up you know no problems and then 2008 came around and my company was AIG and if any of you remember AIG it was the company
In fact, in 2014 the largest private equity deal in the world was PetSmart being purchased for more than $7 billion by a London-based private equity firm . So the biggest global private equity deal was a pet store company-- quite an amazing change in the world.
Univision essentially decided, "This doesn't fit our core portfolio. We need to sell." And so they sold to a small Boston-based private equity firm called Great Hill Partners. And when it was originally, when the acquisition originally went through, I was sort of like, "This is not the worst-case scenario."
So yeah, I think the evolution from treating Toys R Us as the widget, and maybe we bankrupt Toys R Us and that's fine, And to your point, like the private equity firm s- Don't come in if they're screwed either way, right?
And people are quite curious. They are very active, very successful private equity firm .
good ideas and then working with those individuals to grow businesses is really what I do anyway. So Hamilton Bradshaw, which is my private equity firm , we have 40 businesses that we control today. Where which is outside of Dragon's Den, which is simply where I've come across
It's such an honor to be here. I got interested in this because I did work for a company that got taken over by a private equity firm . As Helen pointed out, I had covered so many things in my journalism career, and I had never really covered business.
That is a lot of jobs. There are all of these sort of ripple effects when a business goes under, and the private equity firm is not based in that community. I spoke to so many people who, you know, their hospital, their apartment building, their store, whatever, was taken over by private equity, and the private
what the private equity owner's incentives are really leads to Some pretty tricky situations in terms of, yeah, just in some cases it is quite literally advantageous to you as the private equity firm to undermine your own portfolio company.
So this is not like a non-profit charitable enterprise versus private equity, right? They'd been for-profit. It had basically worked when they were acquired by- A private equity firm , by Apollo Global Management, they were profitable. And, you know, rural hospitals have so many problems with the business model.
So this small, you know, rural area. And I still remember, my wife was working for a private equity firm at the time, and I would go to their meetings. And you know, private equity people are pretty cool.
and 100y year bond issues okay and fixed income there are two ways to increase retailer um I won't tell you who it is because you can figure it out but they're owned by a private Equity Firm
He is a graduate of Harvard College and Stanford Graduate School of Business. He has also founded Housatonic Partners, which is a private equity firm with offices in Boston and San Francisco. Interestingly, he has written one of those rare and special books, which has won claim from none other than Warren Buffett and Charlie
Harry is an executive partner with Madison Dearborn, which is a private equity firm just down the street. And he is also a professor at Kellogg, which is how I met Harry. And I can vouch he's a terrific professor, just one of the most
So you mentioned the tax breaks, the management fees, all of that. But there's also, like, sale-leaseback agreements, which are essentially, for those who are less familiar with how private equity works, often if a private equity firm comes into an industry that is very real estate dependent, they will sell off the land that their portfolio
Candace started her career in investment banking, and in 2005, she left the banking world to launch Sprinkles. Sprinkles is the world's first cupcake bakery and cupcake ATM, and in 2012, Candace sold Sprinkles to a private equity firm . And today, Sprinkles has sold over 200 million cupcakes, has over 20 stores, 30 cupcake ATMs, and 1,000 employees.
of my mental energy, my spirit, and my the time. I got a job-- I was placed, really, working for a private equity firm on Park Avenue. This was before the financial crisis.
we always talked about as a large healthcare company was we really need to develop leaders. And that gets a lot of discussion, whether it was at Baxter, whether now it's at Madison Dearborn, which is a private equity firm based in Chicago. We own 30 companies including John Nuveen and CDW and so on. And it happens on a lot of boards. People talk