On today’s episode, Clay is joined by Niklas Sävås to discuss the business model of serial acquirers.
A serial acquirer is a company that grows primarily by repeatedly acquiring other businesses as a core part of its strategy. Over the past two decades, many serial acquirers have proven to be profitable investments in the stock market including Constellation Software and Lifco AB. In this episode, Clay and Niklas break down the most important factors to understanding the business model as investors.
Niklas Sävås is a senior equity analyst at Redeye AB where he does extensive research on serial acquirers in the Nordics.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:55 - What a serial acquirer is and why serial acquirers are able to buck conventional thinking on making acquisitions.
08:54 - What the return profile is for serial acquirers in making private acquisitions.
10:35 - Best practices used by successful serial acquirers.
24:49 - Why it’s important to be the buyer of choice as a serial acquirer.
40:18 - The most common challenges that serial acquirers face.
49:01 - The importance of organic growth for serial acquirers.
54:41 - An overview of the Roko IPO.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Check out Redeye.
- Investing by the Books Podcast.
- REQ Capital Report.
- Follow Niklas on LinkedIn & X.
- Follow Clay on LinkedIn & X.
- Check out all the books mentioned and discussed in our podcast episodes here.
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