YG acoustics sold to LK capital

[CPP]

LK Capital acquires companies all the time. The first of the year they acquired TouchSource.
TouchSource is an industry leader in electronic directory, digital wayfinding, and public access information systems and kiosks.

Just a large money pit. So who knows what LK has planned for YG.

 

[ben]

Really? Where did you read that? investment firms have no interest except for profit. Do you have any information about LK investments, the way it runs its business and the partnership with Yoav?

Private investment seems to work pretty good for ARC/McIntosh/Sonus faber. Bill Johnson had ARC for sale for some time due to his age and the employees seemed to have no interest in buying/investing.

Thiel - Jim Thiel passed away 3 years before the sell off to an investment firm. Krell - the investment firm sacked Dan D. no surprise these have not been a success.

I like what conrad johnson has done as well.

No investment firms buy companies/inject capital to take losses. Private equity firms are famous for buying under-performing/cash strapped companies, turn them around, keep milking cash or sell it at profit. These are finance guys. Profit is very very important to them. I'm sure private investors for ARC/McIntosh/Sonus faber must be happy with their investment and laughing all the way to the bank otherwise we would have seen some shake up by now.

As far as Thiel concerns, new owner fired Jim Thiel's wife after his passing and took control of the company and rest is history. The point I'm trying to make is hope YG doesn't go down Thiel, Krell way. That's all. Yoav can work on his passion and bring innovation but hope he has enough power in company where he has to say in final important business decision.

 

[KeithR]

No investment firms buy companies/inject capital to take losses. Private equity firms are famous for buying under-performing/cash strapped companies, turn them around, keep milking cash or sell it at profit. These are finance guys. Profit is very very important to them. I'm sure private investors for ARC/McIntosh/Sonus faber must be happy with their investment and laughing all the way to the bank otherwise we would have seen some shake up by now.

As far as Thiel concerns, new owner fired Jim Thiel's wife after his passing and took control of the company and rest is history. The point I'm trying to make is hope YG doesn't go down Thiel, Krell way. That's all. Yoav can work on his passion and bring innovation but hope he has enough power in company where he has to say in final important business decision.

Well, I work for a PE shop that looked at acquiring McIntosh a decade ago. I'm invested in funds that have looked at audio companies. I can confidently say you are being speculative at best.

 

[asiufy]

No investment firms buy companies/inject capital to take losses. Private equity firms are famous for buying under-performing/cash strapped companies, turn them around, keep milking cash or sell it at profit. These are finance guys. Profit is very very important to them. I'm sure private investors for ARC/McIntosh/Sonus faber must be happy with their investment and laughing all the way to the bank otherwise we would have seen some shake up by now.

As far as Thiel concerns, new owner fired Jim Thiel's wife after his passing and took control of the company and rest is history. The point I'm trying to make is hope YG doesn't go down Thiel, Krell way. That's all. Yoav can work on his passion and bring innovation but hope he has enough power in company where he has to say in final important business decision.

Thiel was sold in 2011, two years after Jim's passing...

And to your first point... I don't get it. EVERY SINGLE COMPANY doesn't want to take losses. Not only the ones that have been sold or taken outside funding. Profit is very important FOR EVERYBODY. What's your point?

 

[ben]

Thiel was sold in 2011, two years after Jim's passing...

And to your first point... I don't get it. EVERY SINGLE COMPANY doesn't want to take losses. Not only the ones that have been sold or taken outside funding. Profit is very important FOR EVERYBODY. What's your point?

Point is no one likes to take losses. As a dealer, would you sell products if you can't make a profit or at least break even? VC/PE don't buy companies because of only inventor's passion.

 

[metaphacts]

.. I'm sure private investors for ARC/McIntosh/Sonus faber must be happy with their investment and laughing all the way to the bank otherwise we would have seen some shake up by now...

There have been multiple shake ups since McIntosh Group nee Fine Sounds Group nee Quadrivio bought Sonus faber. The one constant is shake ups.

 

[heihei]

Thiel was sold in 2011, two years after Jim's passing...

And to your first point... I don't get it. EVERY SINGLE COMPANY doesn't want to take losses. Not only the ones that have been sold or taken outside funding. Profit is very important FOR EVERYBODY. What's your point?

The point is that PE / Venture Capital firms are much more disciplined when it comes to realizing something isn't working and then doing something about it. Other ownership structures, particularly founder / owners, are more emotionally engaged and therefore often don't take action before it's too late.