Viacom/CBS: Major investor sees Moonves key to merger, source says

Provided exclusively by Mergermarket Retaining CBS [NYSE:CBS] CEO Les Moonves is the most important factor in merging CBS and Viacom [NASDAQ:VIA.B], said a person familiar with a top independent investor in the two media groups. In February, the two New York-based companies controlled by National Amusements formed committees to explore a potential recombination. CBS reportedly … Continue reading Viacom/CBS: Major investor sees Moonves key to merger, source says

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If We Demand it of Our Portfolio Companies, Why Not Ourselves?

By Scott Johnson, CEO, SJ Partners LLC and ACG NY Board Member April 2018 I have taught a private equity course at my alma mater, Columbia Business School.  One of my favorite slides in discussing PE firms is entitled “We are not Immune to this” and below the title is the cover of Michael Porter’s … Continue reading If We Demand it of Our Portfolio Companies, Why Not Ourselves?

ACG NY Member Highlight: Jennifer White

              ROLE/FIRM: Vice President of Marketing at Performance Improvement Partners (PIP) LinkedIn Every month, we will feature an active member of the ACG New York community in a brief interview. Reflecting industry insight and personal perspective, this feature will introduce industry leaders and offer advice on the tools you … Continue reading ACG NY Member Highlight: Jennifer White

Surviving in a High Multiple Environment

“David, it’s called LBO for a reason!” my unnamed private equity friend yelled, with particular stress on the “L” for “leveraged.”  He went on to say what many of you have said yourself or heard your own friends say: “We can’t pay 10x for a business.  These multiples are crazy!” So in this environment, what … Continue reading Surviving in a High Multiple Environment

How One Investor Made a Fortune Picking Over the Retail Apocalypse

Sycamore Partners has succeeded where many investors have stumbled—making money from brick-and-mortar chains Fashion brand Anne Klein no longer has its own e-commerce site. Retailer Hot Topic has lost its crown jewel. Nine West Holdings, a collection of retail brands, has been stripped of valuable parts. Doing much better is the owner of these once-popular … Continue reading How One Investor Made a Fortune Picking Over the Retail Apocalypse