THE

$ELL MY BUSINESS

PODCAST

Investment Bankers Josh Curtis and Michael Butler On The Significant Advantages Of A Recap For Your Liquidity Event (#035)

"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
  • Michael talks about his outlook for M&A for the upcoming year
  • Why business owners can look to a recap to address concerns that have arisen from the pandemic
  • The importance of having experienced and successful investment bankers on your advisory team
  • Josh and Michael share how they became investment bankers

This podcast is brought to you by Deep Wealth. Are you thinking about a liquidity event? You have one chance to get it right and you better make it count. Enterprise value is created from preparation, and not the event itself. Learn how the Deep Wealth Experience helps you maximize enterprise value. Master the same strategies our founders used to increase their company value 10X with a 9-figure exit. Click here to book your free exploratory call.

Enjoy the interview!

SELECTED LINKS FOR THIS EPISODE

Footprint Capital website

Josh Curtis on LinkedIn

Michael Butler on LinkedIn

The Deep Wealth Experience

Book Your FREE Deep Wealth Exit Call


This podcast is brought to you by the Deep Wealth Experience. In the world of mergers and acquisitions, 90% of deals fail. Of the successful deals, business owners leave millions of dollars on the deal table.

Who are we and how do we know? We're the 9-figure exit guys. We said "no" to a 7-figure offer based on 3-times, EBITDA. Two years later, we said "yes" to a 9-figure offer based on 13-times EBITDA.  In the process we increased the value of our company 10X.

During our liquidity event journey, we created a 9-step preparation process. It's the quality and depth of your preparation that increases your business value.

After our 9-figure exit we committed ourselves to leveling the playing field. The Deep Wealth Experience helps you create a launch plan in 90-days. Our solution is resilient, relentless, and gets results. Enjoy the certainty that you'll capture the maximum value on your liquidity event.

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