#54 | Serial acquirers & holding companies w/ Michael Gielkens
We couldn’t avoid it any longer. Michael Gielkens, co-founder of Tresor Capital, is one of the most requested guests, thanks to his long-term and down-to-earth perspective, but above all, because of his unique insights on serial acquirers and holding companies.
Some of the topics we cover in this episode:
What sets serial acquirers and holding companies apart
Spotting quality operators (and red flags to avoid)
Why Sweden breeds so many acquirers
Goodwill, what it is, how it works, and how it distorts
Assessing management quality and incentives
Holding company discounts explained
Michael’s…
The skinny
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