Acquiring $10m of EBITDA as Industry Operators | Edoardo Maggini of Star Step скачать в хорошем качестве

Acquiring $10m of EBITDA as Industry Operators | Edoardo Maggini of Star Step

Edoardo Maggini is the Operating Partner at Star Step, a specialty coatings rollup. Founded in 2021 by 3 partners, Star Step pivoted away from chasing a $45m EBITDA carveout to aggregating smaller, founder-led businesses, resulting in rapid growth across USA and Europe. More on Edoardo Maggini:   / edoardo-maggini-028b8a90   More on Star Step: https://starsteppcg.com/ 00:00 Minds Capital Partners React to Interview with Edoardo Maggini 06:31 Interview with Edoardo Maggini Begins 07:28 Origin Story and Early Thesis 09:21 From Carve Outs to Small Deals 11:11 Founder Led Targets and Value Add 12:46 Three Deal Package Explained 15:09 Post Acquisition Results and Portfolio Today 16:56 Why Lower Middle Market Wins 19:54 Ops vs M&A and LP Expectations 22:20 Operational Levers and Scale Benefits 23:51 How Partners Run the Platform 26:25 International Expansion to Europe 27:15 Discovering the Italian Niche Leader 28:45 European Advantages and Global Distribution 31:00 Valuation Reality Check in Europe 31:47 How the Platform Is Financed 34:26 Why Hire a Capital Raiser 38:37 Banker Fees and Fundraising Scale 40:58 Organic Growth vs Acquisition Growth 41:50 Economies of Scale in Procurement 44:23 Specialty Coatings and Small Biz Moats 46:27 Becoming the Acquirer of Choice 49:31 Next Platform Downstream Applicators 51:11 Wrap Up and Podcast Outro ❤️ Enjoy this interview? SUBSCRIBE for more: ‪@mindscapital‬ CONNECT with the Minds Capital team: 👉 Minds Capital, where the hosts are partners: https://mindscapital.co 👉 Sign up for info on future fundraises: https://www.mindscapital.co/investors 👉 Connect with host Will Smith: https://linktr.ee/acquiringminds 👉 Connect with host Niklas James: https://linktr.ee/niklasjames 🎧 Podcast on Spotify: https://open.spotify.com/show/32K3aO9... 🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast... ABOUT the Minds Capital Podcast: MCP is a podcast about the growing world of independent sponsors & deal-by-deal private equity. Hosts Will Smith and Niklas James are partners in Minds Capital, a fund that invests in independent sponsor deals. New episodes every week. Credits: Edited by Anton Rohozov