{"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 Medical Spa Chains","slug":"how-private-equity-is-buying-up-medical-spa-chains","published_at":"2026-07-15T04:47:31+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-medical-spa-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-0115.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0115.mp3","summary":"Lucas and Luna dive into the private equity boom in medical spas — specifically the race to consolidate aesthetic medicine practices like Botox, fillers, and laser treatments. They examine a single deal: TSG Consumer Partners' 2024 investment in Milan Laser Hair Removal, a chain that grew from 10 locations to over 200 in five years. Lucas explains the unit economics: a laser machine costs roughly $100,000, a single session can retail for $300, and a patient typically needs 6 to 8 sessions. The margin math becomes attractive when you add membership packages and high retention. Luna questions whether the clinical quality can hold up under private equity's growth targets, and they discuss the tension between 'medical' and 'retail' models. The episode also touches on why dermatologists are increasingly selling their practices to PE-backed groups, and what it means for consumers. It's a sharp look at how Wall Street is reshaping the five-hundred-billion-dollar wellness industry, one laser zap at a time. #PrivateEquity #MedicalSpas #AestheticMedicine #Botox #MilanLaserHairRemoval #TSGConsumerPartners #WellnessIndustry #Business #Finance #RollUps #Consolidation #Dermatology #MergersAndAcquisitions #HealthcareInvesting #LaserHairRemoval #BusinessPodcast #FexingoBusiness #TheBuyoutShow Keep every episode free: buymeacoffee.com/fexingo","meta_description":"Lucas and Luna dive into the private equity boom in medical spas — specifically the race to consolidate aesthetic medicine practices like Botox, fillers,…","key_points":[],"chapters":[],"topics":[],"duration_seconds":760,"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-medical-spa-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-medical-spa-chains.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}