How I Bought 10 Companies in 18 Months Using $0 of My Own Money ($7.5M EBITDA and 50% Carry) | Nigell Lee Interview

22/08/2024 1h 10min
How I Bought 10 Companies in 18 Months Using $0 of My Own Money ($7.5M EBITDA and 50% Carry) | Nigell Lee Interview

Listen "How I Bought 10 Companies in 18 Months Using $0 of My Own Money ($7.5M EBITDA and 50% Carry) | Nigell Lee Interview"

Episode Synopsis

Imagine this... First acquisition March 2023 Today a portfolio of 10 companies $7.5M in EBITDA Average acquisition multiple so far 2.5x (!!!) Last deal: $550k EBITDA business acquired for $850kCraziest part, doing all that with ZERO personal investment and still making 50% of the carryShow me a better salesman!When asked how you did it?“There are no rules. Literally.”This conversation with Nigell Lee of RBO Group has everything. I hope you enjoy listening to it as much as we enjoyed recording it.Show notes:00:00:00 - Intro00:00:53 - An unconventional path lead to entrepreneurship & building a company in NYC00:07:27 - Mixed emotions and growth while growing business in the US00:09:51 - First days of RBO Group: 9 months of market research and search of the first deal00:12:34 - Financial structure and financing of the first deal00:19:32 - Acquiring a company in an industry you don’t know much about00:20:35 - The biggest secret revealed: How to find the absolute best deals00:25:44 - Getting in the game vs spending years looking for a perfect deal00:28:57 - Size and structure of the holding company00:36:39 - 2-5-10 year strategy post acquisition00:42:40 - 10 deals with 2.5x average acquisition multiple00:46:19 - 90-day integration post acquisition00:57:55 - Focusing on one business/platform vs wide range of companiesFollow Mikk/PrivatEquityGuy on Twitter: ⁠⁠⁠https://x.com/PrivatEquityGuy⁠⁠⁠Nigell on Twitter: ⁠⁠⁠https://x.com/nigelllee1This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

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