Chris Gordon

10 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Aug 28, 2023 by Chris Gordon · across every show →

On the record as a speaker too: Chris Gordon's record, appearances and statements → this page counts the times other people say the name.

Everything said about Chris Gordon, oldest first

Aug 28, 2023 neutral
Insight
Responding to M&A Rumors With Non-Denial Denials Only Fuels Speculation
“We don't engage in any misinformation or anything like that, so generally the best thing you can do is just sit quietly and let it go away on its own, because the more you're making awkwardly worded, non-denial denials, the more you're probably just be contrib…”
Chris Gordon Aug 28, 2023 ▶ 20:50 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023
Assertion Not checkable as stated
Bain Capital Executed $33B HCA Buyout Without Visiting Corporate Headquarters
“This might be the only time that I've ever bought a company without ever having actually visited the company's headquarters or real estate. All of this diligence Happened with the HCA management team. They were very much engaged in it, but in conference rooms …”
Chris Gordon Aug 28, 2023 ▶ 23:31 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023 positive
Assertion Supported
Gordon: HCA De-Levered via IPO as Debt Matured in 2011-2012
“We did go public, so that created a de-levering event. The debt markets, you know, improve a lot between 2008 or nine, which is when we would have been having this conversation, and 2011 or 12, which is really when our debt started to mature.”
Chris Gordon Aug 28, 2023 ▶ 35:18 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023
Assertion Supported
BAML Sold Its Entire HCA Stake Shortly After the 2011 IPO
“Unfortunately for them, they pushed to sell their HCA stake once we were a public company, certainly with the benefit of hindsight, earlier than was optimal, and so we went public sometime in 2011. They sold their whole stake shortly thereafter, and HCA went o…”
Chris Gordon Aug 28, 2023 ▶ 39:41 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023
Disclosure
Gordon: Final HCA buyout proposal reached consortium's absolute price limit
“When we finally came back with our final proposal, it was literally our last dollar, probably even a little bit beyond what we thought our last dollar was going to be.”
Chris Gordon Aug 28, 2023 ▶ 28:26 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023
Assertion Supported
Gordon: Tommy Frist Jr. Initiated HCA Buyout Outreach in Late 2005
“And actually, Tommy called us. It was the original genesis of this for us back in, it was probably late, 2005, maybe early 2006, with what almost started off as, hey, I've got a crazy idea, because the transaction was so large that no one ever really would hav…”
Chris Gordon Aug 28, 2023 ▶ 14:07 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023 positive
Assertion Supported
Gordon: HCA Entered 2008 Financial Crisis Protected by Hedged Interest Rates
“Day one, that didn't affect our balance sheets. Our balance sheet was all underwritten and put in place, and we'd, you know, swapped out our interest rates, and so we had what we had from a balance sheet perspective.”
Chris Gordon Aug 28, 2023 ▶ 34:18 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023 bullish
Assertion Supported
Gordon: HCA IPOed at ~$30 per share and reached the mid-to-high $200s
“They went public at around 30 dollars a share, And I think the stock is currently somewhere in the mid to high 200.”
Chris Gordon Aug 28, 2023 ▶ 40:02 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023 positive
Assertion Contradicted
Gordon: HCA's IPO Raised Mainly Secondary Capital, Not Debt Paydown
“The IPO is actually mainly Secondary capital, because we had done a good job of growing into our capital structure and already going down the path of spreading it over time.”
Chris Gordon Aug 28, 2023 ▶ 41:46 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Aug 28, 2023 negative
Insight
Unsophisticated Boards Threaten Take-Private Deal Value by Moving Slowly
“I've done a number of take privates over the years, and actually one of the hardest ways to do it is when you have an unsophisticated board, because they really just don't know what they need to be worried about, which I think can just cause them to need to mo…”
Chris Gordon Aug 28, 2023 ▶ 25:41 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
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