BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast I have an extra special guest, Scott Sperling co-CEO of T.H. Lee. He’s on the firm’s Management and Investment Committees.
T.H. Lee is one of the top private equity firms. They’ve been around since the 1970’s. They’ve done countless, countless deals, hundreds and hundreds of deals.
You might be familiar with some of their bigger deals. They did the Warner Music deal. That was a multibillion-dollar deal about 20 years ago. Dunkin’s is a group of franchisees from Dunkin’ Donuts. Perhaps the biggest deal they did or the most mindshare Cher was the Snapple deal. They bought Snapple. They took them public. They facilitated the sale to Quaker Oats.
How to Use One Merger to Predict the Next fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
The Friendliest Trend
About five years ago, I made a strategic shift at my flagship newsletter,
The Wealth Advisory. Well, actually two. The first strategic shift was to go overweight the so-called “cloud” stocks.
It was clear to me at the time that the “old” way of doing business was basically dead. At least the bricks-and-mortar part. Every other aspect of meeting customers needs has to be moved online. Customer service, payment processing, inventory displays, the works.
I knew the migration to the cloud would take a long time to play out. And I knew I could help my subscribers make a lot of money.