The Ledger
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why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lion Capital ballooned headcount and destroyed profitability post-acquisition
“Within six months of selling the company to them, we went from 17 employees to 59 employees. The business didn't triple. They only grow the business about six to eight percent a year, if that. They destroyed profitability.”
Turner says private equity turned his Ferrari into a Ford Taurus
“I felt like I handed them a Ferrari, and they turned it into a Ford Taurus.”
Lion Capital bought 75% of Lenny & Larry's at $250M valuation
“They, so they bought, ended up buying 75% of the business, and we, at the time, now you understand, this is seven years ago, so if you're equating it to the value of today, so at the time, we were valued at two hundred fifty million dollars.”
Healy declined an advisory role and immediately walked away after buyout
“Yeah, I didn't you know, we were, Tim and I were given a small incentive to be advisors for a year, but we both sat in on the first conference call with the Operator that Lion Capital had brought in to oversee the company, a Scotsman, very dynamic, forceful in…”