buyout firms
3 statements across 1 episodes · 0 bullish · 3 bearish · 1 people on the record · first statement Jul 14, 2025 by Tim Sullivan · across every show →
Everything said about buyout firms, oldest first
Jul 14, 2025 bearish
Sullivan: Buyout firms routinely overpaid at 20-plus times EBITDA during COVID
“Buyout firms routinely paying 20 plus times EBITDA for quality businesses, but businesses that probably should not trade at that high valuation. Doing that in a world where interest rates were zero, and there was a lot of money being pumped into the economy by…”
Jul 14, 2025 bearish
Sullivan: Buyout firms relying on SBA leverage generally perform poorly
“One thing I never liked was we would have buyout firms come to us and talk about Oh, we're going to get all this leverage from the Small Business Administration. That's going to allow us to goose the returns and do all this clever stuff. To me, that was always…”
Jul 14, 2025 bearish
Sullivan: Buyout firms likely exit top-performing companies too quickly
“In fact, if anything, I'd say that buyout firms are probably too quick to sell their good businesses. Rather than churning over your good companies every three or four years, maybe you want to let them run a little longer and let them compound for maybe five o…”