Lazy Cash Flow I didn’t go to B school. I was far too eager to “get out and start doing it,” building businesses, doing deals. I don’t think I missed anything with that decision, and as I sometimes contemplated returning to school during my career, I’m pretty sure I would have ended up like Rodney… Continue reading Private Equity Could Use a Little Disruption
Tag: Private Equity
Red Lobster – In a Pinch, Clawing Its Way to the Bottom
Darden, the restaurant operator (Olive Garden, Longhorn Steakhouse, Yard House, Capital Grille ) sold Red Lobster a few months ago. The acquirer was / is Golden Gate Capital, a private equity firm based in San Francisco, that also holds California Pizza Kitchen. Eddie Bauer, Zales and other consumer facing businesses. Golden Gate was formed by… Continue reading Red Lobster – In a Pinch, Clawing Its Way to the Bottom
What Time Is It in the Bubble?
What’s a bubble? Wikipedia defined the dot-com bubble of the 90’s as: The dot-com bubble (also referred to as the dot-com boom, the Internet bubble and the information technology bubble) was a historic speculative bubble covering roughly 1997–2000 (with a climax on March 10, 2000, with the NASDAQ peaking at 5,408.60 in intraday trading before closing at… Continue reading What Time Is It in the Bubble?
Another Win for Private Equity and a Loss for America
Rumor today that a deal will be announced Monday, September 22, that Russian brewer Oasis Beverages will pick up Pabst Brewing for USD $750 mil. In addition to Pabst, the company contracts and distributes Schlitz , Colt 45, Old Miwaukee, and a couple dozen other brands. Private equity group TSG, who likes picking up “orphan… Continue reading Another Win for Private Equity and a Loss for America
Private Equity Deals Hurt Consumers
Private Equity, Part 3: Bad for Consumers In a previous discussions about the private equity industry, I’ve spoken mostly about their lack of contribution to growing the economy – since the function of a private equity deal is to provide a sky high ROI to the firm and “partners,” they have no interest in really… Continue reading Private Equity Deals Hurt Consumers
The Idiocy of Multi-Billion $ Evaluations
Part Deux – In Which I Continue My Rant On Valuations The other day, I penned my thoughts about private equity. Amplifying on that theme, there are a lot of unprofitable companies out there funded by private equity or venture money, with multi-billion dollar valuations. Oh yeah? Sez who? Apparently only the people who hope… Continue reading The Idiocy of Multi-Billion $ Evaluations