Episode 209
Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
Capital Allocators – Inside the Institutional Investment Industry · Ted Seides – Allocator and Asset Management Expert
August 16, 202155m 59s
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Show Notes
My guests on today's show are financial journalists Max Frumes and Sujeet Indap, co-authors of "The Caesars Palace Coup," a book detailing the bankruptcy of Caesars Entertainment. Coming off the heels of our Private Equity Masters mini-series, this conversation dives into a private equity deal gone wrong, including some technical aspects of what it takes to emerge from a bankruptcy. We walk through the intricacies, tensions and dynamics of the Caesars bankruptcy, whose stakeholders included Apollo, TPG, GSO, Elliot, Silver Point, Oaktree, and Appaloosa – a literal who's who of giants in private equity and distressed investing. We then turn to applicable lessons for investors, including power dynamics, the unwritten rules of distressed investing, and the role of skill and luck. Learn More Subscribe: Apple | Spotify | Google Follow Ted on Twitter at @tseides or LinkedIn Subscribe Monthly Mailing List Read the Transcript