Chifukwa Chiyani Wochita Zamalonda Akuchita Chidwi ndi Retailer Mattress Firm? Si Zomwe Mukuganiza

Mabizinesi abizinesi ndi osunga ndalama mopitilira muyeso Berkshire Partners LLC ali ndi gawo mu kampani yosungira matiresi a ogulitsa. (MFRM)
Koma osati zomwe mukufuna.
Nthawi zambiri, pamene kampani yogula zinthu, yomwe imadziwika kuti ikugwira ntchito, imakhala ndi gawo lalikulu pakampani, cholinga chake ndi kuyambitsa kusintha ndikugula.
Koma sizingatheke pamenepa.
Berkshire adawulula 10 mu February 9.
Gawo la 4% mumakampani a matiresi.
Mu February 24, wogulitsa anasankha ofuna awiri board kuchokera Berkshire ndi ndalama mkono Stockbridge, amene adzathamangira kwa kampani's msonkhano wapachaka.
Zosintha zikuwoneka zikubwera.
Mabizinesi abizinesi amakonda kutsata mabizinesi ochepera 7-
Zopeza zisanachitike chiwongola dzanja, msonkho, kutsika kwamitengo ndi kuchotsera (
EBITDA, yomwe ingagwiritsidwe ntchito kulipira chiwongola dzanja pa ngongole ndi kuchuluka kwa ndalama zaulere kuti mubweze ngongole)
Kuti amayenera kuperekabe ndalama zolipirira izi, koma ingololani ndalama zokwana nthawi zisanu ndi chimodzi za EBITDA.
Kawirikawiri, kutsika kuchulukitsa, kumakhala kosavuta kupeza ndalama za ngongole, chifukwa EBITDA imasonyeza ndalama zomwe zingagwiritsidwe ntchito kulipira ngongole.
Pachifukwa ichi, kuchulukitsa kambiri kumatanthauza kuti ndalama zogulira ngongole zidzakhala zovuta kukonzekera, ndiye kuti, pokhapokha ngati makampani a PE ali okonzeka kulipira ndalama zambiri.
Koma mtengo wamsika ndi $1.
Ngongole yonse inali pafupifupi $55 biliyoni.
47 biliyoni, mtengo wa kampani ya matiresi ndi pafupifupi $ 3 biliyoni, pafupifupi kuchuluka kwa 8. 57-
Ndi kawiri $0. 35 biliyoni yosinthidwa EBITDA yomwe ikuyembekezeredwa chaka chachuma chomwe chilipo kuyambira Januware 31, 2017.
Wogulitsa, yemwe ali ndi ndalama zochulukirapo kasanu ndi kawiri, sichandamale chosavuta kugula.
Kuphatikiza apo, kampani ya matiresi yangomaliza $0. 78 biliyoni kuti agule Sleepy's, mpikisano wake wamkulu, zomwe zawonjezera ngongole yake pamabanki ake.
Popeza kuti ogulitsa apeza ngongole zambiri kuti apeze ndalama ndipo ali m'kati mwa kuphatikiza, zimapangitsa kuti zikhale zovuta kupeza ngongole zambiri.
Zambiri kuchokera ku Moody's Investor Services
Ngongole yonse ya kampani ya matiresi ikuphatikiza $0. 665 biliyoni.
Kuti mugule ngongole yokhazikika kuchokera ku Sleepy, yomwe pano ili ndi ngongole yanthawi yokhazikika ya $0. 687 biliyoni (
kuchotsedwa pamtengo woyambira $0. 72 biliyoni)
Revolver yake inabwereka $60 ndi ngongole zina za $57 miliyoni, makamaka zopangidwa ndi ngongole zanyumba.
Ndi ngongole zonse ndi makampani a matiresi otanganidwa kuphatikiza zogula zatsopano, sizokayikitsa kuti Berkshire ipanga zofuna zambiri pakampaniyo. nthawi.
Kodi kampani yayikuluyi ya PE ikuchita chiyani?
Berkshire atha kuganizira zochulukitsa phindu popanga ndalama zambiri m'makampani omwe adatchulidwa momwe akufuna kunena momwe angayendetsere kampaniyo, ngakhale uku ndikusungitsa, anthu omwe amadziwa bwino nkhaniyi adatero.
Poganizira zolemba zamakampani, magawo omwe ali ndi zigawenga sizitanthauza kuti Berkshire akufuna kukakamiza kuti agule kapena kugawana nawo, magwero atsimikiza.
Mamembala a board a Berkshire athanso kukhala opanda chochita ndi wogawana nawo wamkulu pakampaniyo, anzawo a PE company J. W.
Malingaliro a kampani Stroller Associates LP
Kampani yogulitsa ndalama imakhala ndi mapaundi 36. 7% ndalama.
Poyamba, mgwirizano uwu udzathandiza J. W.
Wodi ya ana ku New York-
Ili ku 40 North Management LLC, iyi ndi kampani ina yomwe ili ndi pafupifupi 8 equity ku Matress.
5%, kalata idatumizidwa pa February.
Asilikali adapempha ogulitsa kuti agwedeze bolodi.
40 North idati ndizokhudzidwa kuti mamembala ambiri a board sanadziyimire paokha a J. W.
Ngakhale PE tsopano ili ndi gawo laling'ono laogulitsa matiresi, Ana.
Berkshire atha kuwonanso mwayi wothandizira kutsogolera kampani mumakampani omwe akusintha.
Makampani a matiresi ayenera kuyang'ana kwambiri kukula kwa mpikisano woyambira
Ups ku New York-Likulu ku Casper Co.
, Imagulitsa matiresi otsika mtengo koma omasuka mubokosi laling'ono lokhala ndi chitsimikizo cha \"yesani\"musanayambe kugula\".
Osachepera kunja, wogulitsa adanena kuti sizinali zodandaula kwambiri.
Ngakhale Casper amadziwika ndi mabedi omwe ali m'bokosi, mtengo wake siwotsika mtengo kwambiri kuposa matiresi omwe amagulitsidwa ndi kampani ya matiresi.
Mwachitsanzo, ngakhale matiresi amapasa a Casper amawononga $ 500, chitsanzo cha kampani ya matiresi ndi yotchipa ngati $300. \"Kugona tulo-
Ups ndithudi ndi wofunikira chifukwa amatha kulimbikitsa chidwi cha owonerera achinyamata m'tulo ndipo sangakhale ndi chidwi ndi mtundu wa matiresi omwe amagona zaka zingapo zapitazo, wolankhulira kampani ya matiresi adanena mu imelo.
Mneneriyo adawonjezeranso kuti makasitomala amakondabe kukhudza ndi kumva matiresi asanagule.
Mwina iyi ndi gawo la Berkshire's mu kampani ya matiresi, yomwe idayikapo ndalama kukampaniyo isanayambike.
Koma sizingatero, chifukwa cha kuchuluka kwa ngongole za kampaniyo.
Zowonjezereka, Berkshire ikuchita china chatsopano;
Nthawi idzatiuza chomwe chiri