David Lyon
12 statements across 1 episodes · 0 bullish · 8 bearish · 1 people on the record · first statement Nov 17, 2025 by David Lyon · said 2 times in 2 episodes since 2026 · across every show →
On the record as a speaker too: David Lyon's record, appearances and statements → this page counts the times other people say the name.
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brought up most by Ted Seides (2)
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2026 2 mentions in 2 episodes 1 per episode
Everything said about David Lyon, oldest first
Nov 17, 2025 neutral
Nov 17, 2025 neutral
Nov 17, 2025 negative
Lyon: Restructurings fail if senior creditors wipe out sponsor and management equity
“You can't take the majority owner of a company and say, you're a zero. I have all the value at the hold co. Have a nice day. Are you going to manage the business? Are you going to show up at every board meeting? You just told the CEO and his team or her team t…”
Nov 17, 2025 negative
Nov 17, 2025 negative
Lyon: Basing a Private Equity Thesis Solely on Management Is Dangerous
“The final thing that I learned is when your thesis in private equity is a person, So-and-so is amazing. That's very dangerous. It's great to back a person. You have to realize that your thesis is, I'm backing a person. And God forbid something goes wrong, and …”
Nov 17, 2025 bearish
Lyon: Building a diversified portfolio of 20 distressed companies is impossible
“I don't believe it's possible for any single person to assemble a reasonably diversified portfolio of 20 broken things. You can have an edge in one or two things where you think there's possibility to turn it around. You might know an operating executive or un…”
Nov 17, 2025 negative
Lyon: Enforcing contractual liquidity rights on overpriced structured equity fails
“The worst thing possible to do is, well, I think this is overpriced. It makes no sense, but I have a one-five. That's a good way to lose money, because you're going to be misaligned from the get-go, and enforcing liquidity rights that you have in documentation…”
Nov 17, 2025 negative
Nov 17, 2025 neutral
Nov 17, 2025 negative
Nov 17, 2025
Lyon: Performing Companies Quickly Refinance Expensive 16% Preferred Equity Bridges
“When you're doing straight preferreds, oftentimes they just refinance us out. You are a bridge in the structure between six and eight times, If the company does it all well, they're very quickly going to eliminate 16% money.”
Nov 17, 2025 negative
Lyon: Value trap theses based on cost-cutting always perform poorly
“My least favorite theses are value traps. I'm going to fire X, Y, and Z, and I'll be able to create an X multiple. Other people may do this well. In my 31, 32 years of doing this, that's always gone poorly. I will take top line Over terminating people, cutting…”