Shomik Ghosh, Partner at Boldstart Ventures, joins the podcast for the second time to discuss his thesis on Kelly Partners (ASX: KPG / OTCQX: KPGHF), a specialist chartered accounting network established in 2006 to provide a better service to private clients, private businesses & their owners, and families.
For more information about Shomik Ghosh and Boldstart Ventures, please visit:https://boldstart.vc/
Chapters:
[0:00] Introduction + Episode sponsor: Daloopa
[2:20] Who is Kelly Partners and why they are so interesting to Shomik
[5:31] What is Shomik seeing that the market is missing with Kelly Partners
[9:09] $KPG's secret sauce for rolling up accounting firms / incentive risks / back office secret sauce that $KPG can do that PE firm can't
[23:36] International expansion / is there enough growth runway of acquisitions
[30:27] Why not relist in US from Australia?
[37:10] Expanding into other areas outside accounting / AI tail risk
[46:49] Management
[52:13] Why are they so focused on McDonald's
[55:22] Final thoughts
[57:26] What does Shomik think would be the cause for the thesis breaking with Kelly Partners / how does Shomik look at fair value here
[1:02:24] Quick thoughts on Match Group
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