How I Bought 10 Companies in 18 Months Using $0 of My Own Money ($7.5M EBITDA and 50% Carry) | Nigell Lee Interview

Imagine this...

• First acquisition March 2023
• Today a portfolio of 10 companies
• $7.5M in EBITDA
• Average acquisition multiple so far 2.5x (!!!)
• Last deal: $550k EBITDA business acquired for $850k

Craziest part, doing all that with ZERO personal investment and still making 50% of the carry

Show me a better salesman!

When asked how you did it?

“There are no rules. Literally.”

This conversation with Nigell Lee of RBO Group has everything. I hope you enjoy listening to it as much as we enjoyed recording it.

Show notes:

00:00:00 - Intro

00:00:53 - An unconventional path lead to entrepreneurship & building a company in NYC

00:07:27 - Mixed emotions and growth while growing business in the US

00:09:51 - First days of RBO Group: 9 months of market research and search of the first deal

00:12:34 - Financial structure and financing of the first deal

00:19:32 - Acquiring a company in an industry you don’t know much about

00:20:35 - The biggest secret revealed: How to find the absolute best deals

00:25:44 - Getting in the game vs spending years looking for a perfect deal

00:28:57 - Size and structure of the holding company

00:36:39 - 2-5-10 year strategy post acquisition

00:42:40 - 10 deals with 2.5x average acquisition multiple

00:46:19 - 90-day integration post acquisition

00:57:55 - Focusing on one business/platform vs wide range of companies

Follow Mikk/PrivatEquityGuy on Twitter: ⁠⁠⁠https://x.com/PrivatEquityGuy⁠⁠⁠

Nigell on Twitter: ⁠⁠⁠https://x.com/nigelllee1

This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.