4. Colin King of Circle City Capital Discusses Magnera and his approach to spin-offs. скачать в хорошем качестве

4. Colin King of Circle City Capital Discusses Magnera and his approach to spin-offs.

In this episode, Rich Howe interviews Colin King of Circle City Capital. We discuss how Colin built his $28MM holding company, lessons learned from investing in spin-offs for over a decade and what he thinks of recent spin-off, Magnera (MAGN). 0:00 Introduction 1:01 Colin’s background 3:25 Colin discusses quitting his job to found Circle City Capital Group 4:27 How Colin splits his time between public and private investments 6:47 How Colin allocates his capital between public and private investments 8:27 How Colin things about cash at the holding company level 11:30 How Colin things about investing in spin-offs 14:05 Discussion of Zimvie (ZIMV) 17:03 Overview of recent spin-off, Magnera (MAGN) 20:03 What has caused the downturn in the nonwoven business? 21:50 Has Magnera’s business bottomed? 23:49 Discussion of Magnera’s valuation 25:20 How much free cash flow Magnera will generate 27:20 The biggest risk factor for Magnera 29:43 Indiscriminate selling pressure from Berry shareholders 32:43 How Colin evaluates the management team of a spin-off 35.05 Quick Discussion of SiteCenter (SITC) RemainCo and Curbline (CURB) spin-off 37:24 Where to learn more about Colin