Borgman Capital CEO Borgman says firm caps buyout prices at about 7x EBITDA

PUBT · 2d ago
Borgman Capital CEO Borgman says firm caps buyout prices at about 7x EBITDA
  • Borgman Capital CEO Sequoya Borgman told the Minds Capital Podcast the firm caps buyout pricing at roughly 7x EBITDA.
  • Returns are underwritten to operational improvement, EBITDA growth, cash flow, debt reduction, leadership alignment, not multiple expansion.
  • Oversubscribed deal raises, often 2x to 3x target equity, are allocated via pro-rata cutbacks with priority on later deals.
  • QSBS structuring can boost after-tax returns, including potential 100% federal capital gains exemption after five years, without driving the thesis.
  • Deal sourcing is the main constraint as fundraising scales, prompting dedicated sourcing spend, marketing, collaboration with independent sponsors and searchers.


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