Ever wondered who are the young folks who build these great business portfolios?

2020 $17.0m

2021 $44.1m

2022 $64.9m

2023 $126.8m

All that within a reasonably short time.

While spending tons of time with kids and family.

I mean today Rafael Quinn is 44 years old, but decades from now people will be Googling him to find out how he started this massive conglomerate called Alternative Holdings.

The best investment advice:

• Buy companies you understand

• Run by people you want to work with

• Pay a fair price

“No matter how important I believe cash-flow is. Every 6 months I’m reminded again of how much more important it is.”

We discuss:

— Why they look at EBIT instead of EBITDA

— Dividend payments while building wealth

— A 5 year period of doing ZERO deals

— How to create value by prioritizing your strengths

Show notes:

00:00:00 - Intro

00:00:23 - At 26 he sold everything, slept on a floor for 15 days and moved to Panama

00:02:55 - 1st acquisition and how it all got started

00:05.00 - How much money Rafael invested in the first deal

00:07:50 - The importance of having the right co-founder - whoever says no wins

00:11:00 - “Better be lucky than smart”

00:11:26 - Being investor vs operator

00:13:30 - The number 1 key factor of the most successful holdco conglomerates

00:17:55 - The amount of debt they use

00:21:20 - What has been the average acquisition multiple

00:31:46 - Time spent on each business per week

00:39:40 - CEOs and their attitude & work ethic pre- vs post-acquisition

00:42:50 - The acquisition process and the discipline of say no to 100s of businesses

00:48:01 - Cashflow, cashflow, cashflow

00:51:10 - Spending time with kids is the best thing ever

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

Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: ⁠⁠https://privatequityguy.beehiiv.com/subscribe

⁠⁠Rafael on Twitter: ⁠https://twitter.com/RafaQuinn

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

Interview with Scott Thiel, CEO of Tokinvest