NEW YORK--(BUSINESS WIRE)--Ted Seides, the seasoned institutional investment executive and founder of Capital Allocators, the critically acclaimed podcast and platform, today announced the release of his latest book, Private Equity Deals: Lessons in investing, dealmaking, and operations from private equity professionals. The book lifts the curtain on private equity deal-making conversations that typically occur behind closed doors between private equity managers and their investors.
Private Equity Deals is a guidebook for seasoned investors and novices alike. The 12 deals in the book cover a wide range of characteristics – from large to small, from growth equity to distressed turnaround, from financial engineering to operational restructuring, and from leveraged buyout of a manufacturing business to an unleveraged minority stake in a sports team. Each deal includes the background of the company, attractiveness of the investment opportunity, deal dynamic, value creation plan, implementation, and lessons learned.
“Private equity has grown from a cottage industry to a powerful force in the global economy over the last twenty-five years,” commented Seides. “These investments have contributed significantly to long-term institutional investment performance, and yet the public perception of the industry is disproportionately negative. Private Equity Deals offers examples from practitioners that shed light on what really happens when a private equity firm gets involved in a business.”
The book includes an industry overview and stories of 12 deals that are either currently owned or recently exited by private equity firms. Each deal starts with an introduction and a summary of deal characteristics, followed by the deal story as told by the private equity manager. The deals covered within the book include:
- The Perfect Buyout: CHI Overhead Doors by Pete Stavros, Co-Head of Global Private Equity at KKR
- Everyone Wins: Parts Town by Kevin Callaghan, Managing Director at Berkshire Partners
- Trophy Assets Winning Championships: Ian Charles, Founder and Managing Partner of Arctos Partners, and Sam Kennedy, President and CEO of Fenway Sports Group
- Software is Eating Private Equity: RealPage by Scott Crabill, Managing Partner at Thoma Bravo
- Industry Insider: Bullhorn by Jarryd Levine, Managing Director at Stone Point Capital
- Deals within a Deal: Rockefeller Capital Management by Viking Global as told by Rockefeller’s CEO Greg Fleming
- I’ll Take Three of Those Beauties Please: Orveon by Tricia Glynn, Managing Partner at Advent International
- You Bought What? Yahoo by David Sambur, Partner and Co-Head of Equity at Apollo Global Management
- Hustle Amid Complexity: BlueTriton Brands by Scott Spielvogel, Co-Founder and Managing Partner at One Rock Capital
- The Tiger Woods Piñata: TaylorMade by David Shapiro, Co-Founder and Managing Partner at KPS Capital Partners
- Private Skiing and a Public Mess: Yellowstone Club by Sam Byrne, Co-Founder and Managing Partner at CrossHarbor Capital Partners
- The Large World of Small Businesses: Selective Search by Brent Beshore, Founder and CEO at Permanent Equity
Private Equity Deals and Ted’s two predecessor books – So You Want to Start a Hedge Fund and Capital Allocators: How the World’s Elite Money Managers Lead and Invest – comprise a trilogy of lessons gleaned from Seides’ investment career and podcast interviews with hundreds of CIOs and investment managers. This latest publication pulls insights from his podcast Private Equity Deals with Capital Allocators.
For more information on Private Equity Deals, retailing for $35 USD and published by Harriman House, please visit here. The book is available for purchase at Amazon, Barnes & Noble, and other major retailers.
Testimonials
From private equity managers:
“I thought I knew a great deal about private equity, but I learned a lot from Ted’s masterful look at this often complicated and little-understood world. I highly recommend Private Equity Deals.” – David Rubenstein, Co-Founder and Co-Chairman, The Carlyle Group
“Private Equity Deals demystifies how value can be created during private equity ownership and offers a unique look across the wide range of approaches taken by leading allocators and investors. This is a story that only Ted is able to tell. His curiosity, shrewd questions, and deep knowledge of private equity unlock insights that are equally valuable both to veteran executives and those being introduced to the industry for the first time.” – Pete Stravos, Co-Head of Global Private Equity, KKR
“Ted has produced a comprehensive and compelling anthology that reveals the diversity and depth of value creation in the private equity industry. This behind-the-scenes look at dealmaking and portfolio impact demonstrates how the industry harnesses talent and expertise to create exceptional returns.” – John Connaughton, Co-Managing Partner, Bain Capital
From investors in private equity funds:
“I am always asked what book someone should read to get a real understanding of private equity. This is it. In Private Equity Deals, Ted’s questions to investors in the industry take you through an inside view of how the industry operates. It moves from macro to micro perspectives and is entertaining and informative. You come away with a real appreciation for what really happens when someone says, ‘the company was bought by private equity.’” – Mario Giannini, Executive Co-Chairman, Hamilton Lane
“Ted’s third book is a great primer on private equity and the nature of different transitions. It gives you an in-depth look at the inner workings of different types of transactions from the eyes of the participant. If you want to learn and understand more about private equity this is your book.” – Chris Ailman, Chief Investment Officer, CalSTRS
“Ted has done it again. With his unparalleled ability to go deep with investment leaders, Ted brings private equity’s real secret sauce to life – the people. What Ted shares is both super informative and compelling reading for the newcomer or seasoned pro.” – Greg Durst, Senior Management Director, Institutional Limited Partners Association (ILPA)
About the Author
Ted Seides, CFA is the founder of Capital Allocators, a platform that seeks to bridge knowledge gaps and make valuable connections for asset owners and investment firms through podcasts, gatherings, and advisory.
Ted launched the Capital Allocators podcast in 2017. The show reached 20 million downloads in August 2024 and has been recognized as the top institutional investing podcast.
Ted created Capital Allocators Summits alongside Rahul Moodgal to bring together industry leaders and Capital Allocators University for rising professionals to learn key investment skills.
Ted previously worked under David Swensen at the Yale Investments Office, invested directly at three of Yale’s managers, co-founded and served as Co-CIO of multi-billion-dollar alternative asset firm Protégé Partners, and made a famous bet with Warren Buffett.
Ted writes a blog called What Ted’s Thinking and previously wrote columns for Institutional Investor, CFA Institute’s Enterprising Investor, the late Peter L. Bernstein’s Economics and Portfolio Strategy.
Ted graduated Cum Laude from Yale University and received an MBA from Harvard Business School.
Follow Ted at the Capital Allocators website and on LinkedIn and Twitter.