Private Equity Deals with Capital Allocators

Latest Episodes:

Stone Point, Jarryd Levine – Value in Industry Specialization at Bullhorn (PE Deals EP. 3) Oct 12, 2022

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Jarryd Levine is a Managing Director at Stone Point Capital, a financial services specialist that has invested $21 billion across 135 businesses in the space. Jarryd helps lead the firm’s investments in Business Services and Human Capital Management.

Bullhorn is a leading global software provider for the staffing, recruiting, and contingent labor industry, servicing over 10,000 staffing agencies worldwide. Stone Point acquired Bullhorn in September 2020, as the fifth private equity owner of the business.

We discuss Bullhorn’s history, Stone Point’s rationale for human capital as a sub-sector focus, its multi-year, proactive search for the best business in the space, transaction dynamics during Covid, playbook as an industry expert, potential risks to the investment, exit strategy, and lessons learned.

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[REPLAY] Private Equity Masters 8 – Chuck Davis – Stone Point Capital (Capital Allocators, EP.207) Oct 12, 2022

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Our Private Equity Masters mini-series concludes with Chuck Davis, the CEO and Chairman of the Investment Committee at Stone Point Capital. Stone Point has invested $21 billion across 135 businesses, all in the financial services industry. Prior to joining Stone Point’s predecessor entity at Marsh McLellan twenty-three years ago, he was a partner at Goldman Sachs, where he spent the prior twenty-three years, culminating in serving as Head of Investment Banking Services Worldwide.

Our conversation covers Chuck’s time at Goldman Sachs, his transition to private equity, and the formation of Stone Point Capital. We then turn to the firm’s multi-year, outbound, targeted search for the best executives in financial services, work with portfolio companies, activity in the asset management sector, and management of Stone Point.

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Thoma Bravo, Scott Crabill – Public-to-Private at RealPage (PE Deals EP. 2) Sep 28, 2022

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Scott Crabill is a Managing Partner at Thoma Bravo, the software and technology specialist with $120 billion in asset under management. He joined Thoma Bravo twenty years ago to help develop its software investment strategy.

RealPage is a technology platform that enables real estate owners and property managers to efficiently operate residential assets. In 2021, Thoma Bravo took the company private from the public markets for $10.2 billion, which at the time was the largest transaction in the firm’s history.

Our conversation covers the history of RealPage, its ownership structure, competitive positioning, and differentiators as a business. We discuss Thoma Bravo’s sourcing, deal dynamics, and first year of ownership that included a management transition, operational improvements, tuck-in acquisitions, and a change in capital structure. We close discussing Thoma Bravo’s exit strategy down the road.

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[REPLAY] - Private Equity Masters 7: Orlando Bravo – Thoma Bravo (Capital Allocators, EP.206) Sep 28, 2022

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Orlando Bravo is a Founder and Managing Partner of Thoma Bravo, a private equity firm focused on software and technology companies with over $78 billion in assets under management. Among his many accolades, Forbes named Orlando “Wall Street’s best dealmaker” in 2019.

Our conversation covers Orlando’s background, early investment lessons, and approach around management, analytics, and collaborative culture. We then turn to the Thoma Bravo’s investment philosophy, team structure, work with portfolio companies, exit strategy, and future. We close with Orlando’s thoughts on SPACs, valuations, and philanthropy.

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KKR, Pete Stavros – Employee Ownership at C.H.I. Overhead Doors (PE Deals EP. 1) Sep 14, 2022

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Pete Stavros from KKR dives into C.H.I. Overhead Doors.

Pete is the Co-Head of Americas Private Equity at KKR, the legendary firm founded in 1976 that today is a public company managing around $500 billion in assets. Pete previously led KKR’s Industrials team, where he pioneered an employee engagement and ownership model.

C.H.I. Overhead Doors manufactures garage doors and is a recent KKR portfolio company exit. We discuss how KKR became the fourth private equity owner of the business, its gameplan to improve operations and employee engagement, and details of the exit. The runaway success of the deal provides us with a textbook case for the benefits of employee ownership, and we close our conversation discussing Ownership Works, a nonprofit consortium of business stakeholders initiated by Pete that is on a mission to increase prosperity through shared ownership at work.

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Welcome to Private Equity Deals with Capital Allocators Aug 15, 2022

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Hello, I’m Ted Seides, the host of the Capital Allocators podcast, and it’s my pleasure to bring you Private Equity Deals.

This show dives into deals in the private markets through conversations with private equity managers. Much like Capital Allocators, we’ll share conversations that previously occurred behind closed doors between private equity managers and their investors. In each episode, we discuss an individual deal to learn about the companies, deal dynamics, and ownership that make private equity a force in institutional portfolios and the global economy.

You can keep up to date and join our mailing list at capitalallocators.com

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