Dry Powder: The Private Equity Podcast cover image

Buy-and-Build: The Dealbreakers

Dry Powder: The Private Equity Podcast

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Introduction

From 2005 it was under 30% of all deals and today it's over half of all deals. Some investors are very good at doing them and make a lot of money, but other investors have actually had the opposite experience. You need to believe that you can buy a platform and then biological pieces that can be added onto that at a lower multiple. A strategy this complex could go to pieces fast.

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