Roll-Up Investing (Combining Finance and Entrepreneurship)

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  • Опубліковано 6 вер 2024

КОМЕНТАРІ • 32

  • @Moqawama0
    @Moqawama0 2 роки тому +9

    In Europe, a lot of PEs are buy-and-building platform groups (rehabilitation centers, dental practices groups etc.). Very interesting deal making and great opportunities working at the platform and acquiring new add-ons.

  • @doziee.1093
    @doziee.1093 2 роки тому +7

    Fantastic video! A roll-up career path is definitely on the table for me as I’m trying to blend banking, consulting, and entrepreneurship skills for long term success.

  • @JordaanFPS
    @JordaanFPS 2 роки тому +3

    im an ib analyst in healtchare M&A (MM). some PE funds have so many and it is insane. extremely interesting

  • @BradCarr_
    @BradCarr_ 2 роки тому +5

    QUESTION: Any examples/case studies on roll-ups by small private equity firms? Thanks!

    • @PeakFrameworks
      @PeakFrameworks  2 роки тому +1

      I don't know too many done by "small" PE firms, but a couple of examples that you might be able to research to find more:
      - Ontario Teachers' Pension Plan acquired PhyMed, an anesthesia service provider
      - ABRY Partners managed a roll-up of Beacon Pointe in the financial advisor space
      - Oak Hill's acquisition of Berlin Packaging, a packaging product supplier
      The smaller roll-ups typically don't get publicized as well, so don't have as many tangible examples.

    • @thomaspomerleau9815
      @thomaspomerleau9815 2 роки тому

      @@PeakFrameworks Feel free to check out what E360S is doing in the waste business, following the path of GFL. There's also many healthcare companies, see CBI Health and a couple others.

    • @axed11
      @axed11 2 роки тому

      There are many in Australia
      Crescent Capital Partners specialises in healthcare
      Fitness and lifestyle group - gyms - Quadrant PE
      AVC - Pubs - KKR
      Greencross - vet clinics - TPG
      Abano - dental - BGH Capital
      Allity - aged care - Archer Capital
      AMA group - smash repairs - listed
      Healthia - allied health - listed
      The “buy and build” strategy is typically employed where a larger business is acquired / taken private at a higher multiple in order to provide a management platform for a series of smaller acquisitions at lower multiples

  • @geoffl
    @geoffl Місяць тому

    how do you identify a multiple arbitrage opportunity? Do PE firms have request for rollups or something?

  • @likkledee3
    @likkledee3 2 роки тому +3

    Another industry that gets a lot of interest from PE to roll-up is insurance brokerage.
    Excellent video, Matt. I am sad that you did not mention that *every* single PE firm applies a *proprietary* "bUsiNes SysTem" to ensure value creation from all acquisitions. That is the secret sauce!!

  • @FirstClassConstructionGroup
    @FirstClassConstructionGroup 6 місяців тому +1

    Hey there, I’m an operator in Tampa Florida looking to apply this method in my area with a specific service based business. I can acquire said businesses with physical assets for less than 1X annual revenue. How can I find someone to partner with me on this?

  • @geoffl
    @geoffl Місяць тому

    didn't thrasio have a bad outcome?

  • @user-wr4yl7tx3w
    @user-wr4yl7tx3w Рік тому

    This channel really provides a lot of insights.

  • @mohil6
    @mohil6 11 місяців тому

    who are the investors? are they traditional search investors?

  • @ShinichiroSatoshi
    @ShinichiroSatoshi 2 роки тому

    Your explanation of information asymmetry was a light bulb moment for me haha

  • @noahramonweber9924
    @noahramonweber9924 2 роки тому

    What‘s the difference between a roll-up strategy and a buy & build strategy? Does it essentially describe the same?

    • @PeakFrameworks
      @PeakFrameworks  2 роки тому +2

      Yes, they're quite similar. I think one difference is that "buy and build" often starts with one large platform deal and then buying similar businesses (like a competitor in a specific geography). Roll-up tends to describe businesses where you acquire a ton of individual practices / units.
      But the lines are very blurry and I don't think there are strict definitions. I get the sense that some PE people just wanted to re-brand roll-ups into something that sounds more... productive.

  • @aaronmatos5581
    @aaronmatos5581 6 місяців тому

    Very underrated. New subscriber here!

  • @laithsabunchi2632
    @laithsabunchi2632 2 роки тому +1

    Awesome content as usual !

  • @mateom7056
    @mateom7056 Рік тому

    This video was one of the first that I saw on my journey and today I submitted LOI on my first business acquisition. Looking to roll up IT services in Canada!

    • @brayaran7370
      @brayaran7370 11 місяців тому

      Nice! What firm do you work for?

  • @jd5787
    @jd5787 Рік тому

    Hi! Any good pointers for VCP (value creation plan)? Thanks!

  • @vijaylaxmi2650
    @vijaylaxmi2650 2 роки тому +1

    Hey man liked your videos, can you tell wether ms in finance is better or MBA in finance for associate role and long term growth?

    • @PeakFrameworks
      @PeakFrameworks  2 роки тому

      I like MBAs better. Seems like the recruiting placement is generally a lot better.

  • @ameenmuhammed4745
    @ameenmuhammed4745 2 роки тому

    Hey your videos are extremely valuable.Im a highschool student from
    India and i want to get into this industry but i cant find relevant content on how to do it from a country like india.Maybe a chat with will be so useful.hope youll reply.

  • @blakeandrews3613
    @blakeandrews3613 2 роки тому

    Hey Matt, just wondering, when it comes to the investment banking industry in Toronto, who is bigger in terms of number and size of deals: big 5 Canadian banks or bulge bracket regional offices? For example, RBC Capital Markets or Goldman Sachs Toronto office?

    • @PeakFrameworks
      @PeakFrameworks  2 роки тому +1

      The Big 5 banks tend to do way more deals and offer more products. A lot of the globals don't do as much lending or other financial products out of satellite offices. That tends to be one of the bigger cons for working for a global TO office.
      I just Googled to find this, which is pretty useful: data.bloomberglp.com/professional/sites/10/Bloomberg-Canada-Capital-Markets-Preliminary-League-Tables-Q1-2020.pdf

    • @blakeandrews3613
      @blakeandrews3613 2 роки тому

      @@PeakFrameworks thanks man! I always appreciate your responses!

  • @Mav0585
    @Mav0585 2 роки тому

    Can you get commercial loans for a roll up, in addition to a traditional capital raise?

    • @PeakFrameworks
      @PeakFrameworks  2 роки тому

      I think you can get small business financing for your first few deals and then a larger commercial loan when you reach scale.

  • @marcolu5155
    @marcolu5155 2 роки тому

    Hi Matt . Do you think Ivey business schools placements in New York will rebound or continue to go down? (Visa issue). I will be attending western with aeo next fall

    • @PeakFrameworks
      @PeakFrameworks  2 роки тому

      Hard to say, but if you're Canadian, you won't really be able to avoid it even if you go to a different school. Even if you go to Harvard, you'll still get dinged on account of your visa if it really is an overall issue.