One of my former portfolio companies was back in the news this week, albeit for less than stellar reasons. After three years of ownership and a lot of drama, Masimo exited the consumer audio business it bought in 2022, Sound United. Masimo is a medtech … Continue reading The Sound of Settling (for $675m less than you paid) – when strategic M&A doesn’t work out.
Tag: M&A
Hype Cycles / Bad Consolidation Theses: Thrasio Goes Bust
Read to the end for the relevance of the image... A couple weeks ago, Thrasio declared bankruptcy. The largest Amazon aggregator, it raised over $3 billion of debt and equity at a valuation that was rumored to be approaching $10 billion. Blue chip investors led … Continue reading Hype Cycles / Bad Consolidation Theses: Thrasio Goes Bust
Danny McBee 