Spectral Medical Inc T.EDT

Interview with Carlyle's Stephen Wise

[gebremeskel]

https://www.pehub.com/carlyles-stephen-wise-the-market-is-set-up-well-for-exits-and-financing-new-deals/

"...In 2024, we executed several carve-outs, including Vantive and Worldpac, as strategics looked to optimize their capital deployment given a high-interest-rate environment. These transactions reflect out expertise in carve-outs, enabling us to unlock value and create operational efficiencies for the businesses we invest in. We expect to continue to see these opportunities, and have had success across many deal archetypes, including backing industry leaders, doing roll-ups and investing in high growth businesses.

What's your strategy on roll-ups?

We continue to view buy-and-builds as a key part of what we do, executing smart M&A to help grow businesses in core sectors while improving how they operate and setting them up for long term success. Within buy-and-builds, we focus on methodically selecting strategic targets, driving post-close integration, properly scaling the expense base and developing greater capabilities and offerings over time - not simply pursuing short-erm multiple arbitrage. We believe the best way to create long-term equity value is to build durable businesses that will be able to thrive (and that future buyers will want to acquire)."