Housing Giants - November 10, 2008 - (Page 18) m&a Michael P. Kahn, Michael P. Kahn & Associates A TeAcheR in PRivATe equiTy LAnd Right when business looked bleak, Michael shed some home-building light on private equity investors. A little over 2 yeArs Ago I woke up one morning and realized my mergers and acquisition consulting business was dead. I had successfully orchestrated more than 85 transactions for buyers and sellers during the previous 10-year chapter of my life. It was time to come to grips with the fact those doors had slammed shut and wouldn’t be reopening for quite some time. I decided I needed to reinvent myself once again and create a new niche if I were to continue working with home builders to increase their chances of survival. This was the fourth time in 46 years I had to go back to the drawing board. It wasn’t a pleasant idea at 70. Very luckily, and almost immediately, I found myself besieged by calls from private equity groups. In the span of 20 months I received no less than 37 calls. The message was always the same: “We recognize there will be a lot of opportunities to make money in ‘home building space’ (their term of art), but we don’t know anything about this space.” I was informed they had asked around whom they should be talking with, that my name had come up often, and that’s why they were calling. 18 HoUsiNg giANts 11.10.08 www.HoUsiNggiANts.com http://www.housinggiants.com
Table of Contents Feed for the Digital Edition of Housing Giants - November 10, 2008 Housing Giants - November 10, 2008 Contents Viewpoint News & Moves Tech M&A Takeaways Housing Giants - November 10, 2008 Housing Giants - November 10, 2008 - Housing Giants - November 10, 2008 (Page Cover1) Housing Giants - November 10, 2008 - Housing Giants - November 10, 2008 (Page Cover2) Housing Giants - November 10, 2008 - Housing Giants - November 10, 2008 (Page 3) Housing Giants - November 10, 2008 - Housing Giants - November 10, 2008 (Page 4) Housing Giants - November 10, 2008 - Contents (Page 5) Housing Giants - November 10, 2008 - Contents (Page 6) Housing Giants - November 10, 2008 - Viewpoint (Page 7) Housing Giants - November 10, 2008 - Viewpoint (Page 8) Housing Giants - November 10, 2008 - Viewpoint (Page 9) Housing Giants - November 10, 2008 - News & Moves (Page 10) Housing Giants - November 10, 2008 - News & Moves (Page 11) Housing Giants - November 10, 2008 - News & Moves (Page 12) Housing Giants - November 10, 2008 - News & Moves (Page 13) Housing Giants - November 10, 2008 - Tech (Page 14) Housing Giants - November 10, 2008 - Tech (Page 15) Housing Giants - November 10, 2008 - Tech (Page 16) Housing Giants - November 10, 2008 - Tech (Page 17) Housing Giants - November 10, 2008 - M&A (Page 18) Housing Giants - November 10, 2008 - M&A (Page 19) Housing Giants - November 10, 2008 - M&A (Page 20) Housing Giants - November 10, 2008 - M&A (Page 21) Housing Giants - November 10, 2008 - Takeaways (Page 22) Housing Giants - November 10, 2008 - Takeaways (Page 23) Housing Giants - November 10, 2008 - Takeaways (Page 24) Housing Giants - November 10, 2008 - Takeaways (Page 25) Housing Giants - November 10, 2008 - Takeaways (Page 26) Housing Giants - November 10, 2008 - Takeaways (Page 27) Housing Giants - November 10, 2008 - Takeaways (Page 28) Housing Giants - November 10, 2008 - Takeaways (Page 29) Housing Giants - November 10, 2008 - Takeaways (Page 30) Housing Giants - November 10, 2008 - Takeaways (Page 31) Housing Giants - November 10, 2008 - Takeaways (Page 32)
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