Private Equity in Asset Backed Businesses - Ben Puddle
It is businesses like T & B Capital that were the inspiration behind me creating The Rodcast and I have been trying to pin down co founder Ben puddle for some time. I was hugely excited when he said he may have some time once they had confirmed the sale of one of their businesses - Aria Resorts which merged this year for £600 million with Away resorts. Not bad for 4 years work and they look set to complete on £1 Billion of transactions by year end.In this episode Ben explains;The background to T & B Capital and why he and Teddy Andrews moved from investment banking to form this Private Equity firm that focuses on operational real estate and asset backed businesses.Why their investing style can be seen as defensive.What they mean by cyclical investing and why they invest in certain industries.Trends such as Healthcare and social housing.The importance of good management/ talent and why it is key in scaling an investment business.How his approach to investing would differ depending on the Capital they had at their disposal.And Lots more.You can find out more about T & B Capital and their portfolio or businesses here https://tbcap.co.ukIf you would like more information on the property business retreat mentioned in the ad please email me [email protected] always a big thank you to www.brickflow.com for sponsoring the episode Hosted on Acast. See acast.com/privacy for more information.