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by moralestapia 3 days ago
It's still a big mystery to me how they were able to pull billion-dollar acquisitions while being one or two orders of magnitude lower in revenue.

>inb4 leverage

Yeah, I know leverage exists but still, you cannot go to a bank and ask them to help you acquire something 100x worth your cap.

2 comments

> you cannot go to a bank and ask them to help you acquire something 100x worth your cap.

you literally can, it's the entire point of eg management buyouts

Leverage. They’re essentially an 80s style junk bond LBO house.