An old economy PE veteran told me a few weeks ago: "In the GFC, 2008 was ok for deals. 2009-10 was where you could see the light at the end of the tunnel but folks by then had given up. It was great for deal flow." Really stuck with me. Carlyle seems to agree...https://twitter.com/danprimack/status/1255839618332852224 …
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Yeah now is the best time. I've been boning up on it, but nothing is better than actually participating in the process (hopefully as a buyer). There will be a flood, unlike the world has ever seen before.
Hey, relevant to your podcast. Best way to find deals in bankruptcy? AFAICT from my brief foray into the field the key is to get on the e-mail lists of firms that specialize in restructuring. https://www.winterharborco.com/ https://www.hilcostreambank.com/ etc.
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Nice. Are you seeing deal flow from it yet? Every time I get on those mailing lists, it's total garbage.
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Yes, it's garbage, now that I think about it. Good point. The way I caught wind of the UCC5 auction was I asked my buddy who was super connected in the toy industry. "Hey just let me know if you hear of any companies going down" - he did and 20 calls later I got to the auction.pic.twitter.com/7XSscriToG
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