Jason Denenberg

Foundry Partners LLC has announced it has reached agreement to be acquired by North Square Investments through its majority-owned affiliate CS McKee.

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The popular VC Secondary Series interviews have been compiled into a free book available at the Point Capital website. Expanding the series to now include PE Secondaries interviews. In this initial release, Mike Pugatch, a 20-year veteran at HarbourVest Partners, offers his knowledge and perspectives. Published on SecondaryLink. For a copy, DM with your email. “Ultimately, we are looking for opportunities that are in the heart of or at the front end of that strong value creation curve. The bulk of the return really comes from that go forward value creation. That is not to say that we don't like the discounts in the market, we certainly do where we can find them, but we consider ourselves to be more value oriented irrespective of whether that value shows up as an optical discount to NAV.” 👇 https://lnkd.in/gmrK8ifj

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“There are growing opportunities out there for acquisitions as an increasing number of businesses need more capital” - Ken Wotton, Managing Director, Public Equity 💬   Gresham House is Netcall’s largest shareholder, owning roughly a quarter of the company. Since 2022, Netcall’s revenue has increased by 29% to £39mn and its operating profit has almost doubled to £5.4mn. However, its share price today is roughly the same as it was two years ago. Given the group’s ability to turn profit into cash flow, this has resulted in a free cash flow yield of roughly 9%, which is unusually high for a company that is still growing fast.   Here are the highlights:   💡Transformation and innovation: Netcall has evolved from a call centre service provider to a software business through strategic acquisitions, notably the 2017 acquisition of MatsSoft, which enabled the development of its ‘Liberty platform’.   💰 Strong financial performance: Despite tough market conditions, Netcall’s revenue increased by 29% to £39mn, and its operating profit nearly doubled to £5.4mn. The company boasts a free cash flow yield of approximately 9%.   🎯 Potential takeover target: With a strong balance sheet and significant cash generation, Netcall is well-positioned for future growth and acquisitions. Its low valuation and robust performance make it an attractive target for private equity firms.   Read more about Netcall’s journey and potential here 👉 https://lnkd.in/e7q2K8J2 (Article behind a paywall)   #Investment #PrivateEquity #Software #FinancialGrowth | Capital at risk. Not an investment recommendation. Past performance is not a guide to future performance.

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Navigate Business Acquisitions with Pari Passu Funding In this article, you'll learn about... 👉 Lower mid-market dilemma 👉 Cash flow 👉 Collaboration with seasoned buyers 👉 Debt service ratio of 1.5 or better 👉 Getting your next opportunity funded Learn how to unlock your acquisition financing - https://ow.ly/R6Wg50Sh3AV #acquisitions #businessopportunity #businessgrowth #businessgoals #businessfunding #commercialfinance

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Golden Mountain Management: Seeking Exceptional Opportunities in the Lower Middle Market Golden Mountain Management is actively pursuing acquisitions of companies with $750,000–$3 million in EBITDA, focusing on businesses with a consistent track record of strong performance. Our Key Focus Areas We are particularly interested in: • Business Services • Consumer Services • Green Energy & Recycling Services • E-Commerce However, we’re flexible and open to other industries with compelling growth potential and well-run operations. Why Partner with Golden Mountain Management? • We offer a collaborative, long-term approach to building and scaling businesses. • We’re flexible: open to keeping management in place or installing a new team. • Our primary focus is the Northeastern United States, though we’ll consider strong opportunities nationwide. If you’re aware of a business or an entrepreneur considering a transition—or if your focus is on larger deals and the smaller ones fall through the cracks—we’d love to connect. Let’s start a conversation! Reach out directly or tag someone who might be a fit. #PrivateEquity #MergersAndAcquisitions #BusinessGrowth #LowerMiddleMarket #InvestmentOpportunities #Entrepreneurship #SmallBusinessAcquisition #CorporateGrowth #GreenEnergy #EcommerceBusiness

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Whether planning for an exit strategy, assessing growth opportunities or preparing for succession, a valuation provides a strategic framework that goes beyond the immediate financial metrics. Sean Kennedy and Holly Rook, ASA dive deeper into business value in the Business Owner's Guide to Understanding Company Value. >> https://hubs.la/Q02GZZ6l0 #businessowner #entrepreneur #businessownership #value #valuation #businessvaluation

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We answer a lot of questions about whether an LLC or a C-Corp is the optimal entity type for your startup. There are pros and cons to both, which Patrick Anding and Andy Shawber explore in this StartupPercolator post, along with a handy table comparing the two entity types. https://bit.ly/4f8nvBY *Perkins Coie summer associate Brigette Deneault contributed to this blog post. #Startups #StartupTips #LLCs #CCorp #StartupPercolator

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 Venture360 Client Spotlight: Connetic Ventures | Brad Zapp, CFP® Connetic Ventures, led by Co-Founder Brad Zapp, CFP®, is breaking barriers with the launch of the Connetic Venture Capital Access Fund ($VCAFX). This innovative fund allows everyday investors access to privately owned tech and consumer product companies—opportunities typically reserved for institutional and high-net-worth individuals.With nearly 100 early-stage private companies in its portfolio, no carried interest, and IRA eligibility, this fund is reshaping investment opportunities. Powered by their in-house software, Wendal, Connetic Ventures is driving data-driven, efficient investing. Read more about this game-changing launch below! https://lnkd.in/gkYcRrzj

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One of the great minds in investing today. We are headed toward an iceberg and United States and Private Equity are rearranging the chairs on the Titanic. Who knows when the reckoning comes but it must. Mauloa recognizes this and invests in a manner that will survive a correction mainly because of lack of debt and will also thrive moving forward with its dry powder. The debt time bomb is real and will create generational investment opportunities for those that are capitalized properly. https://lnkd.in/eMNUVNAq

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IMO, investors' behavior is the primary obstacle to achieving their goals, rather than their grasp of investing fundamentals or strategies. That's why, at Bennyhoff & Co., LLC, we prioritize proactive behavioral coaching. It's our way of helping enhance investors' success tomorrow, today. To learn more, please check out our website (www.bennyhoffllc.com) or better yet, schedule sometime to chat. Great article by Danny Noonan at Morningstar, reminding us of investing fundamentals that should be prioritized. https://lnkd.in/eWzhjGNq

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What is the point of setting weak goals? We set an aggressive sales growth goal of 30% in January. Midway through 2024, we are actually behind 2023. That's a lot of catching up to do. One might think I'd be disappointed. On the contrary, it's grinding time. With 21 deals done as of today and a record 28 deals under contract, the balance of 2024 is going to be intense. Being comfortable is overrated. https://lnkd.in/evgSHqkn #mergersandacquisitions #investmentbanking #closingdeals #grandrapidsmi

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I had the privilege of attending and speaking at the GuideWell + Flare Capital Partners AI Conference last week in Jacksonville, along with fellow industry leaders, Chris Lehane, Michael A. Greeley, Bryan Koch, Tarun Mehra & Ben Hall. Here are my top five takeaways from the event: 1. The pace of AI advancements, particularly from OpenAI and others, is astonishing. We've quickly moved from predictive models (ChatGPT's original LLM interface) to more advanced reasoning models like O1, which have the potential to reshape the way we even think about applying AI across various industries. 2. The real transformation will come as we approach level 3 with agents capable of managing complex tasks, ultimately reinventing how we currently do things. 3. For AI in healthcare, outdated regulatory frameworks in the US such as HIPAA will likely prevent ecosystem-wide adoption in the near term. Privacy and PHI remain important to preserve, but we will need to modernize the way we use the data, preserving the privacy that is most important to us. 4. Healthcare is generating over 30% of all data available, yet our ability to utilize this new resource is currently quite limited because of outdated regulatory frameworks. 5. The AI opportunity in healthcare is there for those who pursue creative solutions and novel applications. Organizations with this mindset will create immense value for the industry at large.  Special thank you to Florida Blue for the invite and look forward to participating in this important conversation again in the future. #AI #Healthcare #Innovation #DataTransformation

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Venture capital markets have a "growing emphasis on capital efficiency." Dive deeper into this and 7 other emerging #VC trends in our 2024 mid-year outlook. https://lnkd.in/db96X2Bi

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