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Staying small is working out big time for Shore Capital. Their average internal rate of return on its 14 exits, all in health care, is 53%, net of fees. That’s nearly triple the average net IRR of U.S. buyout funds raised since 2009, according to data from Cambridge Associates. After Shore took its 20% to 30% cut of profits, its exits multiplied investors’ money by 5.5 times on average, also nearly triple the average total value to paid-in capital multiple of U.S. buyout funds raised during that period. Shore has never unloaded a company for less than three times cost before fees, nor, it says, has it ever suffered a loss. “Those are top 1% returns in private equity,” marvels one investor who asked not to be identified, citing his organization’s press policy. “That’s rarefied air, right? That’s more like venture capital than a traditional buyout firm.”<br/><br/>Ishbia and his team have acquired more than 1,000 mom-and-pop shops across the country (average cost: $15 million) since Shore’s 2009 founding and rolled them up into 61 larger chains of things inclu­ding autism treatment clinics, bakeries and exterminators. “We’re buying businesses in Akron, Ohio, and Pittsburgh, and Birmingham, Alabama,” Ishbia says. “There’s more low-hanging fruit for me. It’s Joe Schmo on Main Street.”<br/><br/>Shore then invests in computer systems and equipment, stacks the businesses’ boards with industry veterans and hunts for complementary companies in adjacent markets. “We’re just buying and buying and buying,” says Ishbia, who insists Shore doesn’t take on as much debt as other private equity firms and doesn’t cut servi­ces or head count. “The private equity world gets a bad rap for ‘buy this, slash that.’ We are growth—we have almost 35,000 employees and hire thousands per year.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/mattdurot/2024/04/08/this-main-street-billionaire-bought-over-a-thousand-small-businesses-and-never-lost-a-dime-justin-ishbia/?sh=3140aa9e39ee<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 11:7 👁 345K
Mercedes-Benz will pursue a differentiated strategic approach with its vans in the future. As presented last year (2023), the company is aiming for a premium strategy for its commercial vans. In the future, a focused luxury strategy will apply to all newly developed, privately positioned vans, as is the case for all Mercedes‑Benz passenger cars. The aim is to fully implement this strategic change with the introduction of the upcoming modular and scalable Van Electric Architecture – VAN.EA for short – from 2026. The new private midsize vans EQV and V-Class are an important milestone on this path. Both are further elevated with new exterior and interior designs. There is also an increase in comfort and safety, especially thanks to more intelligent, digital networking. The models have been available to order from Mercedes‑Benz sales partners and online since January 2024. The standard equipment has been comprehensively upgraded and thereby tailored more precisely to customer requirements. The new V-Class starts at a list price of 59,470.25 euros[1], the new EQV from 75,281.78 euros. The new V-Class also forms the basis for the V-Class Marco Polo camper van, which is offered ex factory. It starts at 80,004.89 euros1 and adopts the model's attractiveness almost completely.
⏲ 1:14 👁 5M
Japanese company iSpace's Hakuto-R lander captured amazing views of the the Earth during a solar eclipse and more during its journey to a moon landing attempt. <br/><br/>Credit: iSpace
⏲ 2:43 👁 375K
Ellery W. Roberts, CEO & Founder of 1847 Holdings, was recently interviewed by Benzinga.<br/><br/>1847 Holdings styles itself as a private equity firm operating on the public market. Its controlled buying model combines the most attractive attributes of owning private, lower-middle market businesses, with the liquidity and transparency of a publicly traded company. Its philosophy revolves around simplicity, focus, speed and flexibility.<br/><br/>Recently, the company announced a rebranding of one of its subsidiaries, 1847 Cabinets Inc., into Signature Home Craft. Signature is a designer, manufacturer and installer of cabinets, doors and millwork for residential construction.
⏲ 8:22 👁 205K
<br/>Feriha does not forgive the Emir!<br/><br/>Emir, whose hands are tied with regret, asks for help from Koray, although he does not know what to do. While Koray and Gülsüm take Feriha to their house, Emir vargücü tries to apologize to Feriha, but Feriha doesn't even feel ready to see her yet. In the doorman's apartment, the subject is nothing but Feriha's crumbling marriage. Rıza, who does not want to deal with Feriha openly, is uneasy about Feriha leaving her house and assigns Hatice to call on her daughter to return to her husband. However, Hatice and Seher's visit, aside from making Feriha return to Emir's side, pushes Feriha to question her family and family values. Realizing that she is completely alone with her family's attitude, Feriha leaves all Emir's struggles unrequited with all her heartbreak and settles in a student dormitory. While Emir is taking all the opportunities to talk to Feriha, the first hearing of the case opened by Ünal to the Yılmaz family is going to be eventful. However, the real big event that everyone is unaware of is waiting for its turn to appear.<br/><br/>Feriha Yilmaz is an attractive, beautiful, talented and ambitious daughter of a poor family. Her father, Riza Yilmaz, is a janitor in Etiler, an upper-class neighbourhood in Istanbul. Her mother Zehra Yilmaz is a maid. Feriha studies at a private university with full scholarship. While studying at the university, Feriha poses as a rich girl. She meets a handsome and rich young man, Emir Sarrafoglu. Feriha lies about her life and her family background and Emir falls in love with her without knowing who she really is. She falls in love with him too and becomes trapped in her own lies.<br/><br/>Cast: Hazal Kaya, Çağatay Ulusoy,Vahide Perçin, Metin Çekmez,<br/>Melih Selçuk, Ceyda Ateş, Yusuf Akgün, Deniz Uğur, Barış Kılıç.<br/><br/>Production: Fatih Aksoy<br/>Director: Merve Girgin Neslihan Yeşilyurt<br/>Screenplay: Melis Civelek, Sırma Yanık<br/>
⏲ 16:43 👁 195K
The doorman's daughter Feriha and her mother Zehra, who live in a luxury apartment in Etiler, are surrounded by the excitement of the university exam results. While the university is the key point of the mother's daughter's dreams for the future, Feriha's twin Mehmet, who did not study after primary school, and her father Riza, who is a fatalistic man by nature, do not feel the same excitement as them. While Mehmet is jealous of Feriha from the inside out, he is also aware of the ambitions in his twin and the longing he feels for the luxurious life of the 'above'. <br/>On the other hand, the most important thing in Feriha's life, other than her university goal, is Cansu, who lives 'upstairs' and has a problematic relationship with her stepmother. Cansu, like Feriha, is waiting for the exam results. The big day finally comes. Feriha, who has received a scholarship from an elite private university, will take a step to the university that will put her into a completely different life.<br/><br/>Feriha Yilmaz is an attractive, beautiful, talented and ambitious daughter of a poor family. Her father, Riza Yilmaz, is a janitor in Etiler, an upper-class neighbourhood in Istanbul. Her mother Zehra Yilmaz is a maid. Feriha studies at a private university with full scholarship. While studying at the university, Feriha poses as a rich girl. She meets a handsome and rich young man, Emir Sarrafoglu. Feriha lies about her life and her family background and Emir falls in love with her without knowing who she really is. She falls in love with him too and becomes trapped in her own lies.<br/><br/>Cast: Hazal Kaya, Çağatay Ulusoy,Vahide Perçin, Metin Çekmez,<br/>Melih Selçuk, Ceyda Ateş, Yusuf Akgün, Deniz Uğur, Barış Kılıç.<br/><br/>Production: Fatih Aksoy<br/>Director: Merve Girgin Neslihan Yeşilyurt<br/>Screenplay: Melis Civelek, Sırma Yanık<br/>
⏲ 9:11 👁 480K
BRM OFFICIAL Presents \
⏲ 3:55 👁 180K
Meet the Roman Emperor with Mary Beard - Renowned classical scholar Mary Beard delves deep into the heart of ancient Rome, bringing to life the true essence of what it meant to hold the most prestigious and perilous position of power: Emperor of Rome. In her exploration, Beard transcends the mere façade of grandeur that history often bestows upon these figures, guiding us through the intricately veiled world of the Roman imperial court and lifestyle, a realm where the boundaries of public duty and private indulgence incessantly blurred.
⏲ 59:16 👁 865K
Chaos in the rental market with average of ten renters registering for each property in February. Have you/someone you know struggled to find somewhere to live? What more should be done to support struggling renters?
⏲ 1:0 👁 590K
Explore career shifts, family dynamics, and impending fatherhood while emphasizing financial planning, empathy, and thoughtful career decisions aligned with personal values for lasting family harmony.<br/><br/>Join the PREMIUM philosophy community on the web for free!<br/><br/>Get my new series on the Truth About the French Revolution, the Truth About Sadism, access to the audiobook for my new book 'Peaceful Parenting,' StefBOT-AI, private livestreams, premium call in shows, the 22 Part History of Philosophers series and more!<br/><br/>See you soon!<br/><br/>https://freedomain.locals.com/support/promo/UPB2022
⏲ 2:38:53 👁 175K
<br/>Feriha does not forgive the Emir!<br/><br/>Emir, whose hands are tied with regret, asks for help from Koray, although he does not know what to do. While Koray and Gülsüm take Feriha to their house, Emir vargücü tries to apologize to Feriha, but Feriha doesn't even feel ready to see her yet. In the doorman's apartment, the subject is nothing but Feriha's crumbling marriage. Rıza, who does not want to deal with Feriha openly, is uneasy about Feriha leaving her house and assigns Hatice to call on her daughter to return to her husband. However, Hatice and Seher's visit, aside from making Feriha return to Emir's side, pushes Feriha to question her family and family values. Realizing that she is completely alone with her family's attitude, Feriha leaves all Emir's struggles unrequited with all her heartbreak and settles in a student dormitory. While Emir is taking all the opportunities to talk to Feriha, the first hearing of the case opened by Ünal to the Yılmaz family is going to be eventful. However, the real big event that everyone is unaware of is waiting for its turn to appear.<br/><br/>Feriha Yilmaz is an attractive, beautiful, talented and ambitious daughter of a poor family. Her father, Riza Yilmaz, is a janitor in Etiler, an upper-class neighbourhood in Istanbul. Her mother Zehra Yilmaz is a maid. Feriha studies at a private university with full scholarship. While studying at the university, Feriha poses as a rich girl. She meets a handsome and rich young man, Emir Sarrafoglu. Feriha lies about her life and her family background and Emir falls in love with her without knowing who she really is. She falls in love with him too and becomes trapped in her own lies.<br/><br/>Cast: Hazal Kaya, Çağatay Ulusoy,Vahide Perçin, Metin Çekmez,<br/>Melih Selçuk, Ceyda Ateş, Yusuf Akgün, Deniz Uğur, Barış Kılıç.<br/><br/>Production: Fatih Aksoy<br/>Director: Merve Girgin Neslihan Yeşilyurt<br/>Screenplay: Melis Civelek, Sırma Yanık
⏲ 10:58 👁 125K
Mercedes-Benz will pursue a differentiated strategic approach with its vans in the future. As presented last year (2023), the company is aiming for a premium strategy for its commercial vans. In the future, a focused luxury strategy will apply to all newly developed, privately positioned vans, as is the case for all Mercedes‑Benz passenger cars. The aim is to fully implement this strategic change with the introduction of the upcoming modular and scalable Van Electric Architecture – VAN.EA for short – from 2026. The new private midsize vans EQV and V-Class are an important milestone on this path. Both are further elevated with new exterior and interior designs. There is also an increase in comfort and safety, especially thanks to more intelligent, digital networking. The models have been available to order from Mercedes‑Benz sales partners and online since January 2024. The standard equipment has been comprehensively upgraded and thereby tailored more precisely to customer requirements. The new V-Class starts at a list price of 59,470.25 euros[1], the new EQV from 75,281.78 euros. The new V-Class also forms the basis for the V-Class Marco Polo camper van, which is offered ex factory. It starts at 80,004.89 euros1 and adopts the model's attractiveness almost completely.
⏲ 2:26 👁 740K
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