{"podcast":{"title":"The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions","slug":"the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630","podcast_index_feed_id":7871630,"rss_url":"https://feeds.fexingo.com/business/the-buyout-show.xml","website_url":"https://www.fexingo.com/","image_url":"https://audio.fexingo.com/business/the-buyout-show/cover.png","author":"Fexingo","episode_count":122,"summary":"Lucas and Luna examine private equity through the lens of actual deals — roll-ups in HVAC, veterinary clinics, and funeral services; buy-and-build strategies; and the mechanics of leveraged buyouts. Each episode dissects a specific transaction, from sourcing to exit, using real numbers, term sheets, and public filings. The show serves founders weighing an offer, analysts building models, and investors tracking the industry. Expect critical discussions on valuation multiples, earnouts, debt covenants, and the cultural friction between PE operators and portfolio-company management. Lucas, a journalist with a decade covering dealmaking, guides the numbers; Luna, an engaged interlocutor, presses on execution risk and founder psychology. Together they ask: What separates a value-destroying roll-up from a platform that compounds for a decade? No hype, no jargon — just the tradecraft of buying and scaling businesses. #PrivateEquity #LBO #RollUp #BuyAndBuild #PE #DueDiligence #Valuation #MergersAndAcquisitions #FamilyBusinessExit #SearchFund #EBITDA #DealSourcing #SMB #BusinessAcquisition #FexingoBusiness #BusinessPodcast #Finance #Podcast Keep every episode free: buymeacoffee.com/fexingo","last_synced_at":"2026-07-19T04:18:12.773861+00:00","page_url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630"},"episode":{"title":"How Private Equity Is Buying Up Eyecare Chains","slug":"how-private-equity-is-buying-up-eyecare-chains","published_at":"2026-06-29T04:35:53+00:00","page_url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/how-private-equity-is-buying-up-eyecare-chains","show_page_url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630","url":"https://audio.fexingo.com/business/the-buyout-show/episode-0081.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0081.mp3","summary":"In this episode of The Buyout Show, Lucas and Luna examine why private equity is consolidating the eyecare industry — specifically, the roll-up of optometry practices into giant chains. They focus on the 2024 acquisition of Visionworks by a private equity consortium led by New Mountain Capital at a $1.1 billion enterprise value. Lucas explains the economics: how a single independent optometrist generating $800,000 in annual revenue becomes a 40% EBITDA margin business under a PE-backed platform through centralised labs, bulk purchasing of frames, and patient cross-referrals. Luna pushes back on whether this consolidation actually improves patient outcomes or just inflates contact lens prices. They also touch on the antitrust investigation into EssilorLuxottica, the frame and lens giant that owns LensCrafters and Pearle Vision. By the end, listeners will understand why your eye exam bill keeps going up even though the cost of lens manufacturing has fallen 60% since 2010. #PrivateEquity #Eyecare #Optometry #Visionworks #NewMountainCapital #EssilorLuxottica #LensCrafters #RollUps #Consolidation #HealthcareInvesting #EyeExam #ContactLenses #Business #Finance #FexingoBusiness #BusinessPodcast #TheBuyoutShow #PE Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode of The Buyout Show, Lucas and Luna examine why private equity is consolidating the eyecare industry — specifically, the roll-up of optomet…","key_points":[],"chapters":[],"topics":[],"duration_seconds":166,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/episodes/how-private-equity-is-buying-up-eyecare-chains/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/how-private-equity-is-buying-up-eyecare-chains.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}