Dynamics of Serial Acquirers in Europe

This chapter analyzes the differing strategies of two leading serial acquirers, highlighting their centralized versus decentralized approaches to business acquisitions in the Nordic region. It underscores the challenges and relationships involved in these transactions, including the significance of company culture, emotional connections, and the complexities of succession planning. The discussion also addresses the evolving landscape of acquisitions amidst changing market dynamics and the unique position of serial acquirers in the European market.

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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.

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