In the environment of ZIRP, I had a venture-backed portfolio company attempt a roll-up of traditional businesses to expand their overall revenue. Unfortunately, the debt was interest-only and they suffered the same “flame-out” fate that was mentioned in this article.
In the environment of ZIRP, I had a venture-backed portfolio company attempt a roll-up of traditional businesses to expand their overall revenue. Unfortunately, the debt was interest-only and they suffered the same “flame-out” fate that was mentioned in this article.