))
How I Bought 10 Companies in 18 Months Using $0 of My Own Money ($7.5M EBITDA and 50% Carry) | Nigell Lee Interview
Manage episode 478656484 series 3661139
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.
78 episodes
Share
