Joseph Robbins

Looking forward to connecting with friends old and new at ACG Boston Dealfest! If you're here, please say hello! Started off the day at the Women's Breakfast, where Kelly Harbour of @goulstonstorrs inspired us all to validate how we use our time and make an impact. She challenged us to define our current HBU (Highest & Best Use) in just 6 words. My 1st draft is "Leading teams, integrating seamlessly, driving growth". I am going to refine this over the week and try to prioritize my time focusing on my HBU. What is your HBU? Are you living by it?

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Our first Private Company Performance Report! Private companies and their owners are who we help and work with every single day. This performance report shows what growth strategies and issues private companies are facing everyday.

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Check out our Citrin Cooperman Private Company Performance Report to see how companies are navigating through today’s marketplace challenges and what they are doing to ensure sustained growth.

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Explore the PwC US Deals 2024 midyear outlook to discover the key takeaways on the trends that are shaping the M&A landscape, ranging from improved confidence among investors to regulatory evolution. Private Equity has more than $1T in dry powder, which is just shy of a record high. Funds are identifying targets in which they can improve operational excellence at speed in efforts to deploy capital. Read more: https://lnkd.in/dhg-Y8WJ #PrivateEquity #PrivateCapital Ronald Chopoorian I Kevin Desai I Mairi McInnes

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💡 Navigate Challenges and Capitalize on Future Opportunities with a Cash Flow Forecast. 💡 In a recent byline published in the Hauppauge Industrial Association Long Island, Armanino's Chris Gagliardi, CPA provided insights into the many benefits of implementing a cash flow forecast and how best to get started. Key highlights include: 💭 Better-informed business decisions 📈 Increased credibility with creditors and investors 🔮 Detailed indicator of potential future issues Looking to get started on the implementation process? Let Armanino help! Master your cash today: https://lnkd.in/eCZwmJp9 #Forecasting #CashFlow #Outsourcing #Armanino

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I had the pleasure of speaking recently at the PEI Operating Partner Forum in London about the challenges and opportunities to support our portfolio companies in building greater resilience. Thank you to Jim Corey from Blueridge Partners, and my co-panelists Alan Roux, Peter Colman and Kristen Paladino. Some thoughts from this session: -There is further opportunity to deepen our collaboration with our deal colleagues and portfolio management teams on what will move the dial on performance - active joint problem solving is key to unlocking value with greater speed; -Cash is king in this environment where leverage is going to be more expensive for longer - our CFOs are front and centre, along with trusted partners in our ecosystems; -Ensuring our portfolio companies have the right talent in place to anticipate and deal with multiple continued headwinds is critical; -There are some innovative opportunities to drive value through new digital technologies, like Gen AI, which we should experiment with over the coming period. It's not tomorrow's problem.

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Early data from 2024 suggests the two-year slide in PE market activity is slowing. That being said, deal momentum remains scarce relative to the amount of dry powder and unrealized portfolio assets, resulting in continued challenging fund raising environment for most GPs. Dive into our mid-year update on the global PE market here: https://atbain.co/4aJfHmo

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As the PE industry grapples with lower valuations and higher refinancing rates, investors should prepare for "fewer realizations and lower returns." Although Scott Kleinman asserts "Everything is not going to be OK" in private equity, he remains optimistic about the future, especially in the US, where he sees significant value in take-private deals. Interesting take on the #pe industry here. We still expect to see a significant uptick in private equity activity in 2025 so we will see… #privateequity #deals #investments #officeofthecfo

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PE consolidation of RIAs is raising a number of questions that are yet to be answered as outlined by Barron's. These are the same questions being asked in other professional services (dental, medical, and now accounting): ❔ How does PE ownership influence the human element of professional services? What is the affect on the advisor/provider-client/patient relationship? ❔ What is the end game? Who will own the companies that remain after being traded up the PE value-chain? ❓ If consolidation is the future of the industry, do professionals need PE ownership to expand their service lines and compete? Is there an independent alternative?

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Petra has taken our CFO capabilities a step further today with the launch of our Outsourced Chief Financial Officer services. Our goal is to make finding industry-experienced, well-respected veteran CFOs easier for private funds of all shapes and sizes. For further insight, read the press release below. #outsourcedcfoservices #privatefunds #privateequity #privatecredit

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Curious about quality investing? Dive into EisnerAmper's interview with Robert Gill, Goodreid Investment Counsel talking about insights on how to invest in this space. https://okt.to/mPuaMr #QualityInvesting #FinancialServices

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This Barron’s article on work from home trends features insights on the commercial real estate market from some of RSM’s industry senior analysts. Read here: https://rsm.buzz/4bmiouE

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DealMax 2024. 3,100+ Private Equity industry professionals. Great topics and insights. Great to meet Aaron Miller , Partner at Apollo Global Management, who shared Operating Partner wisdom and experience in a Fireside Chat. Aaron noted “developing repeatable capabilities” as a key differentiator in PE. He also highlighted understanding the Trust Quotient as critical to success. #DealMAX2024 #ACG #privateequity #learning #OperatingPartner #capabilities #TrustQuotient #acgDFW

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Important lesson on motivation if you need some right now, especially FU motivation.

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PE is flourishing in a volatile economy due to its diversified portfolios, ample capital, precision in spotting underrated assets, and potential as an alternative funding source. Read this article from Ryan Burke, Bridget Walsh, and Alex Cole to learn what we’re seeing on the horizon for private equity. https://lnkd.in/eaFr2KvT

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Very interesting to see the National Football League (NFL) hired our friends at leading global investment bank PJT Partners to serve as a liaison between the league and private equity firms interested in buying stakes in teams, as a step towards attracting institutional capital which can further increase deal flow and valuations. The average NFL team is worth $5.14 billion, according to Sportico, by far the highest of any U.S. league. To buy the hypothetical average team under current league rules, a buyer would need at least $1.54 billion in cash, could add $1.2 billion in debt, and would still need to fund the other $2.4 billion from themselves or a set number of individuals who often get little of tangible value for their minority stakes. As franchise valuations continue to rise, that becomes a harder and harder financial proposition. Expanding the pool of potential buyers for minority stakes would likely increase valuations across the league. In addition to the ban on institutional money, the National Football League (NFL)’s ownership rules include a $1.2 billion debt limit for new buyers, a limit to how many minority owners a team can have, and a set amount that a team’s lead owner can hold (30% for incoming buyers). A new committee has been formed to discuss the loosening of some of those rules to make room for institutional investors ie private markets fund managers. Will the National Football League (NFL) partner with a private markets fund manager to establish a stakes platform similar to what the National Basketball Association (NBA) has established with Blue Owl Capital? I love the business of sports and I am very interested to see next steps here. #alternativeinvestments #sportsbusiness #privatemarkets #nfl #capitalmarkets #institutionalinvestors #fundmanagers #privateequity #sports

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Chelsey's expertise shines through in her latest article, where she explains the shortcomings of the current budget and its impact on the senior service industry. Chelsey and I discuss these issues daily, focusing on the urgent need for a viable senior service industry in our state and exploring strategies for transformation. https://lnkd.in/g-ZDP-5G

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Focus Acquisition Partners has been retained by a leading healthcare focused private equity group to search for add on acquisitions in the treatment of mental health, substance use disorders and co-occurring conditions in outpatient and residential treatment settings. The acquirer is very flexible regarding transaction structure. Acquired companies could maintain their brand identity and the owners could retain equity. Given that our client has well established portfolio platform companies operating in multiple states and care settings with a wide range of service offerings, their acquisition criteria are very broad.  ·  Private pay, in-network or Medicaid reimbursed ·  Outpatient, inpatient, residential  ·  EBITDA: Between $500K and $15M ·  Target Services: - Substance use/addiction treatment (that provide counseling services) - Mental/behavioral health treatment - Dual diagnosis - Programs tailored for adolescents, adults, or specialty populations Many transactions that Focus completes have sell side representation. If you have or know of an opportunity that meets these acquisition criteria, please contact me. Focus pays generous referral fees for introductions that lead to a completed transaction!

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💡 Navigate Challenges and Capitalize on Future Opportunities with a Cash Flow Forecast. 💡 In a recent byline published in the Hauppauge Industrial Association Long Island, Armanino's Chris Gagliardi provided insights into the many benefits of implementing a cash flow forecast and how best to get started. Key highlights include: 💭 Better-informed business decisions 📈 Increased credibility with creditors and investors 🔮 Detailed indicator of potential future issues Looking to get started on the implementation process? Let Armanino help! Master your cash today: https://lnkd.in/eYzTvXXR #Forecasting #CashFlow #Outsourcing #Armanino

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