Morgan Stanley Capital Partners

part of Morgan Stanley

6 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Apr 27, 2023 by Aaron Sack · said 8 times in 2 episodes since 2023 · across every show →

Mentions by year

brought up most by Graham Weaver (4), Aaron Sack (3), Ted Seides (1)

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Everything said about Morgan Stanley Capital Partners, oldest first

Apr 27, 2023 bullish
Opinion
Sack: Add-On Acquisitions Are Middle-Market PE's Most Powerful Weapon
“And then ultimately, the most wonderful weapon in middle market investing is add-on acquisitions. I do not see that slowing, the ability to really drive meaningful add-on acquisitions that add scale, add geographic depth and reach, and can be leveraged over th…”
Aaron Sack Apr 27, 2023 ▶ 28:04 Aaron Sack – Branded Middle Market Investing at Morgan Stanley (Capital Allocators, EP.311)
Apr 27, 2023 neutral
Disclosure
Sack: Morgan Stanley PE's recent deal used senior debt at around 3x EBITDA
“So the financing was there. It was interested. It was constructive, but it was senior only through something like three-ish Turns of EBITDA, not seven or eight or nine or whatever people out there reading about private equity think we do, and we put a lot of o…”
Aaron Sack Apr 27, 2023 ▶ 23:22 Aaron Sack – Branded Middle Market Investing at Morgan Stanley (Capital Allocators, EP.311)
Apr 27, 2023 neutral
Prediction Not checkable as stated
Sack: Economic cycle could be a slow ten-year expansion
“And the good news, it could be a long expansion, because it's certainly not going to be terribly vibrant, but it could be a ten-year slow expansion during which new business formation happens.”
Aaron Sack Apr 27, 2023 ▶ 33:05 Aaron Sack – Branded Middle Market Investing at Morgan Stanley (Capital Allocators, EP.311)
Apr 27, 2023 neutral
Assertion Supported
Sack: 30% of Morgan Stanley Capital Partners Senior Team Focuses on Operations
“So now 30% of our senior team is purely operations focused.”
Aaron Sack Apr 27, 2023 ▶ 17:28 Aaron Sack – Branded Middle Market Investing at Morgan Stanley (Capital Allocators, EP.311)
Apr 27, 2023 positive
Disclosure
Sack: MSCP operating partners receive full carry and investment committee seats
“We've incorporated operating partners who are full members of our investment committee and in our carry pool and joined at the hip with us.”
Aaron Sack Apr 27, 2023 ▶ 24:38 Aaron Sack – Branded Middle Market Investing at Morgan Stanley (Capital Allocators, EP.311)
Apr 27, 2023
Disclosure
Sack: Morgan Stanley Capital Partners targets 50% to 70% equity stakes
“Ultimately, we are trying to find smaller investments in illiquid founder and family-owned businesses where we typically take 50 to 60, 70% of the equity ownership, partner with them for a number of years, transform the businesses organically and through acqui…”
Aaron Sack Apr 27, 2023 ▶ 11:27 Aaron Sack – Branded Middle Market Investing at Morgan Stanley (Capital Allocators, EP.311)
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