The Deep Wealth Podcast - Unlock Your Deep Wealth In Business and Life Investment Bankers Josh Curtis and Michael On The Significant Advantages Of A Recap For Your Liquidity Event (#35)
"It’s a special opportunity for us to help our clients monetize and achieve their objective that they set out." - Josh Curtis
"I became an investment banker to help an entrepreneur put the capstone on their career from a life time of work through an exit." - Michael Butler
Josh Curtis is Managing Director at Footprint Capital. Mr. Curtis advises business leaders in ownership transitions and liquidity events, including sell-side and buy-side transaction engagements as well as succession planning, strategic growth, management buyouts, ESOP formations, capital raises, and leveraged recaps. His career has been dedicated to facilitating strategic initiatives for both private and public companies with revenue ranging from a few million to over a billion across all industries in the U.S.
Michael Butler is a Senior Director at Footprint Capital. Michael is responsible leading sell-side and buy-side engagements with business owners. Michael cultivates relationships with clients, prospects, centers of influence, private equity firms, and family offices.
Josh and Michael share why they have a 98% success rate for exits and liquidity events.
SHOW NOTES
- Why every business owner must consider a recap for part of their exits or liquidity events
- An explanation of what a recap is and how it works
- How a recap can create a bigger payout than the first liquidity event
- Why a recap can have you own more of your company and cost less money
- The new breed of private equity and the long-term benefits
- Defining the parameters in which a recap makes sense for you
- How a recap can reduce your risk and increase your wealth
- Why a business can expand and thrive from a recap
- Understanding how a recap works
- Michael and Josh walk through the math of a recap and discuss the benefits
- The opportunities that arise when a recap is integrated with a platform business and add-on businesses
- Why the home service industry has blossomed as a result of the coronavirus
- What to look for in a private equity group when considering a recap
- How family offices have changed the private equity scene
- The power of a strategic buyer that is powered by private equity when doing a recap
- Josh shares the experience of a Footprint Capital client who had a 3.5X return in six months because of a recap
- How the pandemic has changed the M&A environment and what you can expect going forward
- Mi
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