What if Constellation Software pivoted to sub shops, sand, and socks? What if a programmatic acquisition strategy had no underlying business logic or synergies? What if we invented self-funded search from first principles and took it public? What if the 2021-vintage SPACs never really went … Continue reading Teamshares: The Washington Generals of Consolidations.
Tag: IPO
A Shot at the Public Markets: Suja’s Potential IPO
Suja, a cold-pressed juice company founded in 2012 in San Diego, has evolved significantly, marked by strategic investments and operational challenges. Initially gaining traction through local deliveries, the brand saw substantial backing from investors like Coca-Cola, which ultimately increased its stake to become majority owner by 2016. However, operational inefficiencies and market changes prompted a pivot under new ownership by Paine Schwartz Partners in 2021, focusing on wellness shots and enhancing manufacturing processes. As they aim for an IPO, the company emphasizes growth in its shot category while navigating the competitive beverage landscape.
Local success, national question mark: Portillo’s expansion and IPO
I saw an infographic floating around last week with the 2021 vintage of PE-backed consumer IPOs, suggesting consumer IPOs were a private equity firm offloading a loser onto you, the public shareholder. As you might expect, given how sugar-high the investing environment was at that … Continue reading Local success, national question mark: Portillo’s expansion and IPO
Danny McBee 