Private Equity Podcast: Karma School of Business

In this episode of the Karma School of Business podcast, Sean Mooney interviews Jay Hernandez, head of the industrial technology practice at Raymond James. They discuss the current state of the M&A markets and offer insights for both sellers and buyers. Hernandez emphasizes the importance of preparation for sellers, advising them to engage advisors early and thoroughly prepare their businesses for the M&A process. He also urges buyers to come prepared and do their homework before pursuing a deal. Additionally, Mooney and Hernandez share their latest life hacks, including the use of sous vide cooking for perfectly cooked steaks. 1:22 - Jay's background and origin story 8:21 - The return to normalcy in the deal market 14:22 - What sellers should know before going to an investment bank 24:08 - What buyers should know before going to an investment bank 29:03 - An IB response to new LOIs 34:12 - Jay's life hack: sous vide For more information on Raymond James, go to www.raymondjames.com For more information on BluWave and this podcast, go to www.bluwave.net/podcast  

In this special episode, we have exclusive audio from our recent webinar: Interim Ingenuity: Ready-made Executives to Elevate Your Company. The panel of experts from this webinar includes: Mark Steenhoek, Managing Director, The Stephens Group Bryan West, Managing Director, Resurgens Technology Partners The panel, moderated by BluWave's Richmond Donnelly, includes the following topics: 3:28 - Proprietary data highlighting human capital as a main priority 4:42 - How the experts are working with interim executives 9:20 - Value that interim executives add and the most common interims that are hired 16:49 - The interim executive selection process and criteria to follow 22:10 - How do you ensure a successful engagement To learn more about Mark and The Stephens Group, go to www.stephensgroup.com. To learn more about Bryan and Resurgens Technology Partners, go to wwww.resurgenstech.com To learn more about BluWave and this podcast, go to www.bluwave.net/podcast

In this episode, host Sean Mooney and Scott Estill, a Managing Partner at Lancor, discuss the evolving landscape of the private equity industry. They delve into the importance of aligning the right people to the right roles, the emerging significance of the human aspect in business, and how top private equity firms are managing their talent acquisition and retention processes. Additionally, they explore the impact of technology advancement on the industry and everyday life. The conversation concludes with a reflection on the necessity to adapt and develop as change is the only constant factor in business. Get a behind-the-scenes look into these intriguing insights by tuning into the episode. 1:53 - Scott's story: solving a problem and whether or not to talk to your uber driver 11:43 - The most important things to make talent searches successful 22:54 - How top PE firms are managing through the assessment phase and appealing to talent 29:25 - Scott's book recommendations For more information on Scott and Lancor, go to www.lancor.com For more information on BluWave and this podcast, go to www.bluwave.net/podcast  

In this insightful podcast episode, we delve into the key revelations from the Q3, 2023 Insights Report, showcasing the state of the private equity industry amidst fluctuating market fundamentals. We discuss intriguing observations in the industry's investment patterns; drawing attention to a significant rise in confidence, a notable shift towards growth, and an emphasis on human capital. Tune in to discover the significance of these trends, the raw data supporting these findings, and what this could mean for the future of private equity. 1:26 - Private Equity is not scared 4:45 - Fundamentals are improving 9:25 - PE is investing in growth in their companies 10:51 - Human capital activity is surging in PE 14:28 - It's time to hit the gas, with caution - what to keep an eye on 18:03 - A bold prediction For more information on BluWave and this podcast, go to www.bluwave.net/podcast      

In this engaging episode, Sean and Andy Greenberg explore their career paths and the transformation of the M&A market. From Andy's shift from politics to investment banking, to the evolution of M&A from a manual process to a tech-driven one, they highlight the increasing need for specialization. Looking ahead, they predict a future where AI significantly enhances industry efficiency. 1:31 - Andy's origin story and his path to M&A 7:10 - What did M&A look like in the mid-90s 12:58 - How has the M&A business evolved to what it looks like today 22:14 - The era of industry expertise 29:44 - Where is the M&A market going 36:18 - Andy's advice to his younger self To learn more about Andy and Greenberg Variations Capital, go to www.greenbergvariations.com To listen to Middle Market Musings, go to www.middlemarketmusings.com To learn more about BluWave and this podcast, go to www.bluwave.net/podcast

Joe DeLuca, Operating Partner at NewSpring Capital, joins the Karma School of Business to share insight into NewSpring Capital's organizational structure, his experience pivoting a portco's business model (twice) and more in this week's conversation:  1:17 - The type of thinking that led Joe to enter the world of private equity 4:08 - Sean and Joe share their personal interests related to his bookshelf and the shore 8:12 - What do you do in March 2020 with an institutional pharmacy portco in NYC without a CEO and chairman? 15:47 - NewSpring's strategy-by-strategy structure 21:10 - The big themes in adding value to a company 27:32 - Takeaways from Joe's favorite book  For more information on NewSpring Capital, go to https://newspringcapital.com. For more information on BluWave and this podcast, got to www.bluwave.net/podcast.

In this special episode, we have exclusive audio from our recent webinar: A Wave of Deals is Coming: Commercial Due Diligence for When the Tide Rolls In. The panel of experts from this webinar includes: Andrew Joy, Partner, Hidden Harbor Capital Partners Sean Mooney, Karma School of Business Host and Founder & CEO of BluWave The panel, moderated by BluWave Managing Director, Houston Slatton, includes the following topics: 3:48 - How to think about a target's end markets and why it matters when considering an investment 8:13 - How to assess market conditions when looking at a deal 13:03 - The true definition of commercial due diligence and why you use it 19:52 - How the result of a commercial due diligence engagement should inform the competitiveness of your bid strategy 24:58 - Pros and cons of big box firms versus more specialized service providers 32:40 - Final thoughts To learn more about Andrew and Hidden Harbor Capital Parts, go to www.hh-cp.com. To learn more about BluWave and this podcast, go to www.bluwave.net/podcast.

Ed Hine, an Operating Partner at Cold Bore Capital, shares his perspectives on building great companies in private equity, learned through the lens of a US Navy veteran. Tune in for a great conversation where we discuss: 1:20 - Ed's path to private equity 6:32 - Persevering through challenges in PE 11:31 - Evaluating potential through a value creation lens 16:22 - Lessons learned about integrating companies 20:21 - Common traits of great businesses: talent and culture 23:13 - Essential professional imperatives to keep in mind 26:04 - Ed's advice to his younger self For more information on Cold Bore Capital, go to www.coldborecapital.com. For more information on BluWave and this podcast, go to www.bluwave.net/podcast.

Matt Cole, a Managing Director at SBJ Capital joins the Karma School of Business podcast to discuss a variety of topics, including: 1:20 - Matt's journey to private equity 7:58 - Overcoming challenging situations 11:34 - "Professionalization" and acceleration 16:13 - Becoming scalable with clean data, AI and key KPIs 23:25 - Matt's advice to his younger self To learn more about SBJ Capital, go to www.sbjcapital.com. To learn more about BluWave and this podcast, go to www.bluwave.net/podcast.    

The Karma School of Business is joined by a recognizable name in both the private equity and healthcare communities. Scott Becker, founder of Becker's Healthcare and Partner at McGuireWoods shares valuable insight to business owners and PE professionals: 2:09 - Scott's background in PE and founding Becker's Healthcare 6:14 - The origin story of Becker's Healthcare and the window of opportunity 13:29 - Top healthcare trends for PE and business executives 19:27 - How machine learning and AI factor into the healthcare ecosystem 22:26 - Governmental regulations around investing in healthcare for PE 29:30 - Private equity bringing healthcare to underserved populations 32:09 - Experience with getting investment from a PE firm 41:33 - Scott's book recommendations To learn more about Becker's Healthcare, go to https://www.beckershospitalreview.com/ To learn more about McGuireWoods, go to https://www.mcguirewoods.com/ To learn more about BluWave and this podcast, go to https://www.bluwave.net/podcast/