Private Equity Deals: Lessons in investing, dealmaking, and operations from private equity professionals

by Ted Seides

Over the past 20 years, the private equity industry went from a cottage industry to a powerful juggernaut that touches every corner of the global economy. Totalling $5 trillion of investments, private equity constitutes an important investment allocation for public and corporate pension funds, university endowments, non-profit foundations, hospitals, insurance companies, families, and sovereign wealth funds worldwide. There’s no more important sector of institutional portfolios or the global economy to understand than private equity. Private equity owned businesses are everywhere around us and touch every aspect of our daily lives.In Private Equity Deals, Ted Seides gives you an insight to the conversations that typically happen behind the closed doors of institutional investors and private equity managers. Through a series of case studies across different types of private equity transactions, Private Equity Deals shares the dynamics of deal making, companies, and ownership that make private equity a force in the world.

Genres: Business, Finance, Audiobook

296 pages, Hardcover

Published September 10, 2024

Reviews

[Shankar · Rating 3 out of 5]

A good introduction to a few marquee PE deals and their lifetime value for the parties involved

[Alex Gravina · Rating 3 out of 5]

Not a book, a compilation of freely available podcast episodes which makes paying for this feel not great. That being said, the content is good

[Adam · Rating 4 out of 5]

This book is important because private equity is only going to continue to swallow the world.

What my 👂 heard 👇

Developed a library of information
Intellectual charge
Macro thesis
The CEO has followers ship
Everything we do at lynnhaven it's about don't lose money
If you could create a floor under your equity in every deal and then all your deals are basically average deals even above average portfolio on a repeatable basis without taking a lot of risk
That's what we do
Structure of the debt around the cash flowing assets leave a bunch of assets outside of the debt someone those assets are sold instead of repaying the debt which is normally what you have to do in these deals instead that cash can be upstreamed to the equity so through dividend distributions we own the business essentially for no investment.
I don't try to jump over 7 foot hurdles I find one foot hurdles I can step over
Trying to get high yield and high multiple

[Bogumil K Baranowski · Rating 5 out of 5]

Highly recommend it, it’s a very intimate overview of a fascinating industry

I’m a public market investor who learned a lot about private equity following Ted’s work over the years. This book is a wonderful guide for anyone curious to understand the complexity of a fascinating industry. You’ll hear from a wide range of industry insiders who generously share how deals come about, how value is created, and what the future of private equity may look like.

[Anthony · Rating 3 out of 5]

Fun to read through the variety of industries that the deals take part in and describe circumstances or the theory in why they structured them like so. However, if you're looking for some granularity for what things went down to improve the business, this isn't it. Interesting that half or so of these were still holding in their partnership since one was designed that way and the other firms weren't.

[Steve Brock · Rating 5 out of 5]

I have selected this book as Stevo's Business Book of the Week for the week of 11/24, as it stands heads above other recently published books on this topic.