Sei Mumiriri Wemari Achifarira Retailer Mattress Firm? Hazvisi Zvaunofunga

Mafemu akazvimirira ega uye vanoisa mari zvakanyanya Berkshire Partners LLC vane chikamu mukambani inobata metiresi yemutengesi. (MFRM)
Asi kwete pane zvaunoda.
Kazhinji, kana kambani yekutenga, inozivikanwa nekuratidzira kwayo, inobata chikamu chikuru mukambani, chinangwa chayo ndechekukurudzira shanduko uye pamwe nekutora.
Asi hazvigoneki munyaya iyi.
Berkshire yakaburitsa kopi yegumi muna Kukadzi 9.
Chikamu che4% mukambani yematiresi.
MunaFebruary 24, mutengesi akasarudza vaviri vebhodhi vamiriri kubva kuBerkshire uye ruoko rwayo rwekudyara Stockbridge, uyo anomhanya kumusangano wepagore wekambani.
Kuchinja kunenge kuri kuuya.
Mafemu akazvimirira ega anowanzo kunanga mabhizinesi akakosha pasi pe7-
Mubairo pamberi pemubereko, mutero, kudzikira uye amortization (
EBITDA, iyo inogona kushandiswa kubhadhara mubereko pachikwereti uye huwandu hwemahara ekuyerera kwemari kubhadhara chikwereti)
Kuti vachiri kufanira kupa premium yeizvi, asi ingobvumira mari yeanosvika matanhatu madhiri EBITDA.
Kazhinji, iyo yakaderera yakawanda, zviri nyore kuwana chikwereti chemari, nokuti EBITDA inoratidza kubuda kwemari kunogona kushandiswa kubhadhara chikwereti.
Muchiitiko ichi, kuwanda kwepamusoro kunoreva kuti mari yekubhadhara chikwereti ichave yakaoma kuronga, kureva, kunze kwekunge makambani ePE achida kubhadhara mari yakawanda.
Asi kukosha kwemusika i$1.
Chikwereti chose chaive madhora mabhiriyoni makumi mashanu nemashanu.
47 bhiriyoni, kukosha kwekambani yematiresi inosvika madhora mazana matatu emadhora, anenge akawanda e8. 57-
Inoita kaviri $0. 35 bhiriyoni yakagadziridzwa EBITDA inotarisirwa gore razvino remari kubva muna Ndira 31, 2017.
Mutengesi, uyo ane chikamu chinodarika kanomwe, haisi nyore kutenga.
Pamusoro pezvo, kambani yematiresi ichangopedza $0. 78 bhiriyoni chibvumirano chekutenga Sleepy's, mukwikwidzi wayo mukuru, iyo yakawedzera chikwereti chayo pabalance sheet.
Tichifunga kuti vatengesi vakaunganidza chikwereti chakawanda kuti vatore uye vari munzira yekubatanidza, zvinoita kuti zvive zvakaoma kuwana chikwereti chakawanda.
Data kubva kuMoody's Investor Services
Chikwereti chose chekambani yematiresi chinosanganisira $0. 665 mabhiriyoni.
Kutenga chikwereti chenguva yakatarwa kubva kuSleepy, iyo ikozvino ine chikwereti chenguva yakatarwa ye $ 0. 687 bhiriyoni (
Amortized kubva pakutanga $0. 72 bhiriyoni)
Revolver yaro yakakwereta madhora makumi matanhatu uye zvimwe zvikwereti zvemamiriyoni makumi mashanu nenomwe emadhora, zvakanyanya kugadzirwa nembanje.
Nezvikwereti zvese uye makambani ematiresi akabatikana nekubatanidza zvitsva zvekutorwa, hazvigoneke kuti Berkshire iite zvakawanda zvinodiwa pakambani. term.
Chii chiri kuita iyi radical PE company?
Berkshire inogona kunge iri kufunga nezvekuwedzera madzoro nekuita mari yakawanda mumakambani akanyorwa umo inotarisira kuve nekutaura pamabatiro ekambani, kunyangwe uku kuri kuchengetedzwa, vanhu vanoziva nezvenyaya iyi vakadaro.
Tichifunga nezve chiyero chekambani, migove inobatwa nevarwi haireve hazvo kuti Berkshire iri kutsvaga kushinha kuti itore mari kana kugovana kutenga, masosi akasimbisa.
Nhengo dzebhodhi reBerkshire dzinogonawo kunge dziine chekuita nemugova mukuru wekambani, peer PE kambani J. W.
Stroller Associates LP.
Iyo kambani yekudyara inobata 36 mapaundi. 7% chikamu.
Pakutanga, kubatana uku kuchabatsira J. W.
Wadhi yevana yeNew York-
Inotungamirwa mu40 North Management LLC, iyi imwe kambani ine ingangoita 8 equity muMatress.
5%, tsamba yakatumirwa muna Kukadzi.
Mauto akadana vezvitoro kuti vazununguse bhodhi.
40 North yakati zvinonetsa kuti nhengo zhinji dzebhodhi hadzina kuzvimirira kubva kuna J. W.
Kunyangwe zvazvo PE parizvino ine chikamu chevashoma muvatengesi vemetiresi, Vana.
Berkshire inogonawo kuona mukana wekubatsira kutungamira kambani mune indasitiri iri kushandura.
Makambani ematiresi anofanirwa kutarisa pakukura kweanokwikwidza kutanga
Ups muNew York-Inotungamirwa muCasper Co.
, Inotengesa metiresi inokwanisika asi yakagadzika mubhokisi recompact rine \"edza\"usati watenga-" garandi.
Zvirinani kunze, mutengesi akati yakanga isinganyanyi kunetseka.
Kunyange Casper achizivikanwa nemibhedha mubhokisi, mutengo wayo hausi kunyanya kudhura kupfuura mametiresi anotengeswa nekambani yematiresi.
Semuenzaniso, kunyangwe Casper's mapatya metiresi achidhura madhora mazana mashanu, modhi yekambani yematiresi yakachipa semadhora mazana matatu. \"Kurara kutanga-
Kukwira kwakakosha nekuti ivo vanokwanisa kukurudzira kufarira kwevadiki vanoona muhope uye vangave vasina hanya nemhando yematiresi yavakarara makore mashoma apfuura, mutauriri wekambani yematiresi akadaro mune emailmail.
Mutauri akawedzera kuti vatengi vachiri kuda kubata uye kunzwa metiresi vasati vatenga.
Zvichida iyi ndiyo chikamu cheBerkshire mukambani yematiresi, iyo yakaisa mari mukambani kusati kwatangwa.
Asi hazvigone, zvichipihwa mutoro wechikwereti chekambani.
Zvingangodaro, Berkshire iri kuita chimwe chinhu chitsva;
Nguva ichatiudza kuti chii