Business Buying Academy Raising $800m to Buy Boring Businesses - John Caple
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Aug 28, 2024 John Caple, co-founder of Hidden Harbor Capital Partners, shares insights on navigating the world of private equity. He discusses his unique investment strategy, focusing on operational excellence in small business acquisitions. The conversation dives into forming capable management teams and the significance of clear operating principles. Caple also highlights the nuances of acquiring businesses in the $1 to $10 million EBITDA range, emphasizing humility and genuine connections. Expect key insights on strategic growth timelines and the evolving private equity landscape!
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Hidden Harbor's Acquisition Strategy
- John Caple, of Hidden Harbor Capital Partners, discusses his firm's unique approach to private equity.
- They focus on acquiring smaller businesses, often from founders looking to retire, and use a network of local business brokers.
Private Equity as a Business
- John Caple observes that many private equity firms prioritize founders' egos over sound business practices.
- He emphasizes running private equity like any other business, using standardized processes and prioritizing value creation.
John Caple's Career Path
- John Caple shares his career journey, from investment banking to a startup, then consulting, and finally private equity.
- He highlights the challenge of transitioning to private equity from consulting, emphasizing the importance of learning the specific processes.