[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] [@TheIcahnist](/creator/twitter/TheIcahnist) "Fragmentation = Opportunity U.S. newspaper market was a patchwork of local players. Hearst: X. Acquired underpriced papers in New York Chicago LA. X. Centralized printing & supply chain to squeeze costs X. Syndicated stories across the portfolio (early content arbitrage)"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949464441898025093) 2025-07-27 13:38:36 UTC 21K followers, XXX engagements "UK = The PE Airport Laboratory Margaret Thatchers 1980s privatization wave turned UK airports into case studies. 🔹 Gatwick 2009: GIP bought from BAA for 1.5B Paid out 1.5B in dividends over a decade 2019: Vinci bought XXXXX% for 2.9B Remaining stake now worth 3B IRR rocket fuel: entry at forced sale + heavy dividends + partial exit + retained upside. 🔹 Heathrow June 2024: Ferrovial sold XXXX% for 3.26B to Ardian + Saudi PIF PIF diversifying into infra as part of $2T asset strategy by 2030 Heathrow generates XX% revenue from aeronautical fees vs. Gatwicks XX% higher exposure to airline"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949614274784964844) 2025-07-27 23:33:59 UTC 21K followers, XXX engagements "US = The Untapped Goldmine XX% of US airports are still government-owned. Only major privatization: Luis Muoz Marn International (Puerto Rico) Asur paid $615M upfront + 40-year lease $1.4B capex +4M passengers since acquisition PPP wave now rising: LaGuardia Terminal B PPP: $4B private rebuild (Carlyle involved) JFK Terminals XX PPP: $9.5B project (Ferrovial + Carlyle + others) US airports = captive demand + under-managed + capital hungry perfect PE storm once policy shifts"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949614278106911221) 2025-07-27 23:34:00 UTC 21K followers, 1676 engagements "Private Equity Legend: Alpine Investors How do you get 5x returns in X funds in a row You let 28-year-olds run $20M plumbing companies. Heres how Alpine hit 5x returns. 🧵"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1929207153916612836) 2025-06-01 16:03:23 UTC 21K followers, 139.1K engagements "The Thesis: Gas prices stay high electricity prices follow TXUs coal & nuclear plants print money. Leverage magnifies returns. It was a commodity macro bet disguised as a utility LBO"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949578927548080527) 2025-07-27 21:13:32 UTC 21K followers, 1987 engagements "Damage Report: KKR writes down XX% of equity by 2009 Warren Buffett calls his $2B EFH bonds a big mistake Credit rating sinks to Caa1 $3.2B negative book value"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949578931662929949) 2025-07-27 21:13:33 UTC 21K followers, 2525 engagements "Deal Structure: $24.5B senior secured loans $11.25B unsecured bridge $8B equity Advisors: Credit Suisse & Lazard Banks: GS Citi JPM Lehman MS TXU renamed to Energy Future Holdings and split into Luminant Oncor and TXU Energy"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949578925668999671) 2025-07-27 21:13:31 UTC 21K followers, 2123 engagements "Navy SEALs of Finance When others ran from chaos they wrote billion-dollar checks: - Spotify bleeding cash. - Airbnb days from collapse. - FC Barcelona out of money. The $110B Sixth Street playbook:"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1946721116069781759) 2025-07-19 23:57:37 UTC 21K followers, 9402 engagements "TXU looked like a dream LBO: - Largest coal power operator in Texas - 3M retail customers - $4B EBITDA - Stable utility cash flows KKR & TPG thought theyd locked in a safe annuity. Instead they set a ticking bomb"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949578916852646337) 2025-07-27 21:13:29 UTC 21K followers, 2667 engagements "Thoma Bravos European Investment Strategy 4000 profitable software firms Valuations XX% lower Margins ripe for SaaS transformation The most underpriced software market in the world Thread"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1948550031465730331) 2025-07-25 01:05:04 UTC 21K followers, 16.3K engagements "Politics & PR: TXU planned XX new coal plants = environmental backlash. To get the deal approved KKR/TPG: ✅ Cut new plants to X ✅ Promised carbon cuts ✅ Slashed residential prices XX% ✅ Put WWF Chairman on the board It was the first green mega buyout"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949578923496386653) 2025-07-27 21:13:31 UTC 21K followers, 2253 engagements "Software Investing Playbook How to turn boring vertical SaaS into 40%+ margin cash machines. Thread"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949094664042135559) 2025-07-26 13:09:14 UTC 21K followers, 16.3K engagements "Your Edge Just Showing Up A key line: If you show up first with cash in hand you get the deal. Like Craigslist for companies. Its not always the highest bid that wins its the buyer who understands the psychology the pain points and closes"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1938263101633089730) 2025-06-26 15:48:29 UTC 21K followers, XXX engagements "Debt as Fuel and Explosive Hearst didnt scale on cash. He scaled on leverage. Borrowed aggressively to outbid rivals and expand faster than cash flow. Used debt to buy papers art real estate (Hearst Castle was a balance-sheet flex)"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949464448424346002) 2025-07-27 13:38:38 UTC 21K followers, XXX engagements "The PE Landscape EQT: Bought AMCS (waste mgmt software) for 900M Summa Equity: Built 1.2B Nordic platform (Fortum + NG Group) Macquarie: 707M Renewi acquisition + BCI partnership Nordic Capital: Sortera roll-up across UK Nordics Most platforms are doing XX bolt-ons/year Goal: regional density + vertical integration"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1947417258973679897) 2025-07-21 22:03:50 UTC 21K followers, 1777 engagements "Lessons from Merchant Banking: Speak Money into Existence Giffons ideal business: Getting paid hundreds of millions for your words. Merchant banks like Lazard and Allen & Co. got it right. No capital needed. Pure advisory. Leverage of reputation. PE recap deals Same model but you get equity and control"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1938263106704072828) 2025-06-26 15:48:30 UTC 21K followers, 1572 engagements "What happened next: 2008 recession = Texas power demand -XXX% Fracking boom gas prices collapse TXUs steady cash flow evaporates $3B interest payments choke the company By 2014 $35B of debt = impossible to repay. Bankruptcy"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949578929649701265) 2025-07-27 21:13:32 UTC 21K followers, 1886 engagements "EU HVAC will create new Billionaires. European HVAC roll-ups are cheaper more skilled and less crowded. Thread"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1946643628786397212) 2025-07-19 18:49:42 UTC 21K followers, 76.5K engagements "Largest LBO Failure in History In 2007 KKR & TPG bet on the safest asset class. In reality it was a ticking bomb. The biggest PE bankruptcy ever. Thread"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949578914478620745) 2025-07-27 21:13:29 UTC 21K followers, 62.6K engagements "Thoma Bravo Smells Blood Theyve invested in Europe for XX years But in 2023 they got serious: Opened London office Launched dedicated European strategy Closed X platform deals + X add-ons in just XX months Now theyre hunting bigger game"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1948550040685084999) 2025-07-25 01:05:06 UTC 20.9K followers, XXX engagements "Valuation Arbitrage = Opportunity While U.S. software trades at 4.1x revenue European peers sit at 3.3x. Thats a XX% discount. Same mission-critical software. Same AI tailwinds. Just cheaper"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1948550043750781425) 2025-07-25 01:05:07 UTC 20.9K followers, XXX engagements "Vertical Integration of Influence Print wasnt enough. Hearst wanted total attention dominance: Bought magazines to control culture. Snapped up radio to reach the ear. Built Hearst Metrotone News to control cinemas narrative"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949464444993507742) 2025-07-27 13:38:37 UTC 21K followers, XXX engagements "Airports are cash-printing monopolies Once upon a time: landing fees only. Today: diversified money machines. 🔹 XX% aviation fees 🔹 XX% retail parking real estate Heathrow: $9K per landing $XX per passenger $XXXX retail spend $XXXX parking Airports = infrastructure + shopping mall + real estate portfolio"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949614268225372190) 2025-07-27 23:33:58 UTC 21K followers, XXX engagements "The Boring Goldmine: Airports Concrete gates parking lots. Theyre cash-printing monopolies. Private Equity is buying every gate👇"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949614264320184328) 2025-07-27 23:33:57 UTC 21K followers, 8568 engagements "Measure what matters Dont just stare at revenue. Obsess over metrics that directly drive EV: Organic growth + EBITA margin XX% Working capital down XX% YoY Customer attrition X% Unit revenue growth (incl. M&A) 20%Maintenance flow-through XX% IRR on acquisitions XX% Hit these and you can print equity value almost on autopilot"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949094667670188094) 2025-07-26 13:09:15 UTC 21K followers, 1009 engagements "Privatization = Value Creation Engine A National Bureau of Economic Research study on privatized airports found: +87% passenger traffic +108% net income post-PE acquisition Drivers: ✅ Terminal expansion & commercial real estate ✅ Route optimization (focus on profitable long-haul) ✅ Better airline negotiation leverage ✅ Higher passenger spend through retail buildout PE-owned airports are also more likely to install capex-heavy tech (e-gates self-bag-drop automated aircraft queuing) that drives throughput and margin"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949614271459139729) 2025-07-27 23:33:59 UTC 21K followers, XXX engagements "Name a Private Equity take that would get you jumped"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949232702873297186) 2025-07-26 22:17:46 UTC 21K followers, 7205 engagements "Segments Dealmakers Cant Ignore Installation & Maintenance: Consistent margins recurring demand. Energy Storage: Future grid backbone huge capex but massive upside. EV Charging: Long game but inevitable scale. Microgrids: Resiliency play for hospitals data centers and defense. Grid Management: Fastest growth least capital raised low competition high upside"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949581280581935188) 2025-07-27 21:22:53 UTC 20.9K followers, X engagements "Private Equity Legend: Ted Forstmann - Buy a dying jet company. - Make it the Rolex of aviation. - Sell it for $5.5B. Now every billionaire wants one"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1946617040170541097) 2025-07-19 17:04:03 UTC 21K followers, 24.9K engagements "💰 The Exit Year: 1999 🏷 Acquirer: General Dynamics 💵 Deal Size: $5.3$5.5B IRR: Estimated 35%+ over X years Multiple expansion: Massive (low-multiple distressed luxury multiple) General Dynamics integrated Gulfstream as its flagship aerospace brand. To this day it remains one of GDs most valuable business units"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1946617061771260004) 2025-07-19 17:04:08 UTC 21K followers, 1666 engagements "EU waste market is worth 394B Fragmented under-digitized and succession-heavy. XX% of firms are SMEs. Valuations are stuck at 68x. PE penetration is XX% in most regions. In the U.S: Waste Management & Republic Services control 55%+ of the market at 12x+ multiples"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1947417249406431652) 2025-07-21 22:03:48 UTC 21K followers, 2027 engagements "Why Private Equity Loves Airports Inflation-linked revenue (fees indexed to CPI) Oligopoly/monopoly economics (no substitute assets) Stable long-term cash flows infra fund heaven Massive operating leverage post-capex Non-aviation monetization: retail parking real estate Airports are basically vertical integration of infrastructure + consumer retail"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949614281093267554) 2025-07-27 23:34:01 UTC 21K followers, 1499 engagements "Scale Revenue Defend Margin By 19951998 Gulfstream had: Launched the G-IV and G-V lines Backlog of elite clients (govt execs royalty) Best-in-class range & safety record Industry-leading resale values (brand halo effect)"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1946617058302558690) 2025-07-19 17:04:07 UTC 21K followers, 1718 engagements "What is the most successful SPAC in history"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949200215346385189) 2025-07-26 20:08:40 UTC 21K followers, 4259 engagements "Europes waste sector is XX years behind. XX% undervalued Fragmented. Recurring. Aging owners. Thread"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1947417246046851477) 2025-07-21 22:03:47 UTC 21K followers, 38.2K engagements "Why Now EV adoption surging electricity demand. Heat pumps decentralized energy loads. Data centers 24/7 power requirements. Aging grids + climate events need for microgrids & storage. Demand curves are bending up and to the right"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949581285514678505) 2025-07-27 21:22:54 UTC 20.9K followers, X engagements "AI-Ready Assets = Force Multipliers Thoma Bravo sees GenAI not as hype but as a margin unlock. Target firms that: Already serve verticals like healthcare or logistics Are migrating to cloud Can embed AI in ops pricing & support"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1948550053934891062) 2025-07-25 01:05:09 UTC 20.9K followers, XXX engagements "What You Do: Acquire XX firms at 57x Centralize ops marketing and dispatch Add subscription-based maintenance plans Exit to an infrastructure buyer at 1416x Thanks for reading DMs always open"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1946643647698489393) 2025-07-19 18:49:47 UTC 21K followers, 2484 engagements "Why they did it: Bet on rising natural gas prices Deregulated Texas market = growth Monopoly-like infrastructure Classic steady cash flow + leverage LBO profile $44.3B EV 8.5x EBITDA $36B of debt. It was supposed to be a cash-printing machine"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949578921256616360) 2025-07-27 21:13:30 UTC 21K followers, 3783 engagements "The Tailwinds EU Circular Economy Plan 10B+ public-private investments Mandatory XX% recycling target by 2030 Extended Producer Responsibility (EPR) laws Carbon pricing Germany: 50/ton in 2025 Adds urgency to innovate or consolidate Waste-to-energy boom Biofuel heat recovery methane capture = new monetization layers"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1947417255223959999) 2025-07-21 22:03:49 UTC 21K followers, 1888 engagements "The First Acquisition His father handed him a dying paper The San Francisco Examiner. Everyone else saw a liability. Hearst saw a distressed platform with underutilized distribution. He slashed costs weaponized sensationalism and created a cash-generating base asset"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1949464438282568150) 2025-07-27 13:38:36 UTC 21K followers, XXX engagements "European Playbook X. Identify profitable vertical SaaS firms X. Carve them out from industrial groups X. Fix GTM inefficiencies X. Stack synergistic add-ons X. Scale margins from X% 38%+ Yes really: X% vs XX% EBITDA"  [@TheIcahnist](/creator/x/TheIcahnist) on [X](/post/tweet/1948550050793357357) 2025-07-25 01:05:09 UTC 20.9K followers, XXX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@TheIcahnist
"Fragmentation = Opportunity U.S. newspaper market was a patchwork of local players. Hearst: X. Acquired underpriced papers in New York Chicago LA. X. Centralized printing & supply chain to squeeze costs X. Syndicated stories across the portfolio (early content arbitrage)"
@TheIcahnist on X 2025-07-27 13:38:36 UTC 21K followers, XXX engagements
"UK = The PE Airport Laboratory Margaret Thatchers 1980s privatization wave turned UK airports into case studies. 🔹 Gatwick 2009: GIP bought from BAA for 1.5B Paid out 1.5B in dividends over a decade 2019: Vinci bought XXXXX% for 2.9B Remaining stake now worth 3B IRR rocket fuel: entry at forced sale + heavy dividends + partial exit + retained upside. 🔹 Heathrow June 2024: Ferrovial sold XXXX% for 3.26B to Ardian + Saudi PIF PIF diversifying into infra as part of $2T asset strategy by 2030 Heathrow generates XX% revenue from aeronautical fees vs. Gatwicks XX% higher exposure to airline" @TheIcahnist on X 2025-07-27 23:33:59 UTC 21K followers, XXX engagements
"US = The Untapped Goldmine XX% of US airports are still government-owned. Only major privatization: Luis Muoz Marn International (Puerto Rico) Asur paid $615M upfront + 40-year lease $1.4B capex +4M passengers since acquisition PPP wave now rising: LaGuardia Terminal B PPP: $4B private rebuild (Carlyle involved) JFK Terminals XX PPP: $9.5B project (Ferrovial + Carlyle + others) US airports = captive demand + under-managed + capital hungry perfect PE storm once policy shifts" @TheIcahnist on X 2025-07-27 23:34:00 UTC 21K followers, 1676 engagements
"Private Equity Legend: Alpine Investors How do you get 5x returns in X funds in a row You let 28-year-olds run $20M plumbing companies. Heres how Alpine hit 5x returns. 🧵" @TheIcahnist on X 2025-06-01 16:03:23 UTC 21K followers, 139.1K engagements
"The Thesis: Gas prices stay high electricity prices follow TXUs coal & nuclear plants print money. Leverage magnifies returns. It was a commodity macro bet disguised as a utility LBO" @TheIcahnist on X 2025-07-27 21:13:32 UTC 21K followers, 1987 engagements
"Damage Report: KKR writes down XX% of equity by 2009 Warren Buffett calls his $2B EFH bonds a big mistake Credit rating sinks to Caa1 $3.2B negative book value" @TheIcahnist on X 2025-07-27 21:13:33 UTC 21K followers, 2525 engagements
"Deal Structure: $24.5B senior secured loans $11.25B unsecured bridge $8B equity Advisors: Credit Suisse & Lazard Banks: GS Citi JPM Lehman MS TXU renamed to Energy Future Holdings and split into Luminant Oncor and TXU Energy" @TheIcahnist on X 2025-07-27 21:13:31 UTC 21K followers, 2123 engagements
"Navy SEALs of Finance When others ran from chaos they wrote billion-dollar checks: - Spotify bleeding cash. - Airbnb days from collapse. - FC Barcelona out of money. The $110B Sixth Street playbook:" @TheIcahnist on X 2025-07-19 23:57:37 UTC 21K followers, 9402 engagements
"TXU looked like a dream LBO: - Largest coal power operator in Texas - 3M retail customers - $4B EBITDA - Stable utility cash flows KKR & TPG thought theyd locked in a safe annuity. Instead they set a ticking bomb" @TheIcahnist on X 2025-07-27 21:13:29 UTC 21K followers, 2667 engagements
"Thoma Bravos European Investment Strategy 4000 profitable software firms Valuations XX% lower Margins ripe for SaaS transformation The most underpriced software market in the world Thread" @TheIcahnist on X 2025-07-25 01:05:04 UTC 21K followers, 16.3K engagements
"Politics & PR: TXU planned XX new coal plants = environmental backlash. To get the deal approved KKR/TPG: ✅ Cut new plants to X ✅ Promised carbon cuts ✅ Slashed residential prices XX% ✅ Put WWF Chairman on the board It was the first green mega buyout" @TheIcahnist on X 2025-07-27 21:13:31 UTC 21K followers, 2253 engagements
"Software Investing Playbook How to turn boring vertical SaaS into 40%+ margin cash machines. Thread" @TheIcahnist on X 2025-07-26 13:09:14 UTC 21K followers, 16.3K engagements
"Your Edge Just Showing Up A key line: If you show up first with cash in hand you get the deal. Like Craigslist for companies. Its not always the highest bid that wins its the buyer who understands the psychology the pain points and closes" @TheIcahnist on X 2025-06-26 15:48:29 UTC 21K followers, XXX engagements
"Debt as Fuel and Explosive Hearst didnt scale on cash. He scaled on leverage. Borrowed aggressively to outbid rivals and expand faster than cash flow. Used debt to buy papers art real estate (Hearst Castle was a balance-sheet flex)" @TheIcahnist on X 2025-07-27 13:38:38 UTC 21K followers, XXX engagements
"The PE Landscape EQT: Bought AMCS (waste mgmt software) for 900M Summa Equity: Built 1.2B Nordic platform (Fortum + NG Group) Macquarie: 707M Renewi acquisition + BCI partnership Nordic Capital: Sortera roll-up across UK Nordics Most platforms are doing XX bolt-ons/year Goal: regional density + vertical integration" @TheIcahnist on X 2025-07-21 22:03:50 UTC 21K followers, 1777 engagements
"Lessons from Merchant Banking: Speak Money into Existence Giffons ideal business: Getting paid hundreds of millions for your words. Merchant banks like Lazard and Allen & Co. got it right. No capital needed. Pure advisory. Leverage of reputation. PE recap deals Same model but you get equity and control" @TheIcahnist on X 2025-06-26 15:48:30 UTC 21K followers, 1572 engagements
"What happened next: 2008 recession = Texas power demand -XXX% Fracking boom gas prices collapse TXUs steady cash flow evaporates $3B interest payments choke the company By 2014 $35B of debt = impossible to repay. Bankruptcy" @TheIcahnist on X 2025-07-27 21:13:32 UTC 21K followers, 1886 engagements
"EU HVAC will create new Billionaires. European HVAC roll-ups are cheaper more skilled and less crowded. Thread" @TheIcahnist on X 2025-07-19 18:49:42 UTC 21K followers, 76.5K engagements
"Largest LBO Failure in History In 2007 KKR & TPG bet on the safest asset class. In reality it was a ticking bomb. The biggest PE bankruptcy ever. Thread" @TheIcahnist on X 2025-07-27 21:13:29 UTC 21K followers, 62.6K engagements
"Thoma Bravo Smells Blood Theyve invested in Europe for XX years But in 2023 they got serious: Opened London office Launched dedicated European strategy Closed X platform deals + X add-ons in just XX months Now theyre hunting bigger game" @TheIcahnist on X 2025-07-25 01:05:06 UTC 20.9K followers, XXX engagements
"Valuation Arbitrage = Opportunity While U.S. software trades at 4.1x revenue European peers sit at 3.3x. Thats a XX% discount. Same mission-critical software. Same AI tailwinds. Just cheaper" @TheIcahnist on X 2025-07-25 01:05:07 UTC 20.9K followers, XXX engagements
"Vertical Integration of Influence Print wasnt enough. Hearst wanted total attention dominance: Bought magazines to control culture. Snapped up radio to reach the ear. Built Hearst Metrotone News to control cinemas narrative" @TheIcahnist on X 2025-07-27 13:38:37 UTC 21K followers, XXX engagements
"Airports are cash-printing monopolies Once upon a time: landing fees only. Today: diversified money machines. 🔹 XX% aviation fees 🔹 XX% retail parking real estate Heathrow: $9K per landing $XX per passenger $XXXX retail spend $XXXX parking Airports = infrastructure + shopping mall + real estate portfolio" @TheIcahnist on X 2025-07-27 23:33:58 UTC 21K followers, XXX engagements
"The Boring Goldmine: Airports Concrete gates parking lots. Theyre cash-printing monopolies. Private Equity is buying every gate👇" @TheIcahnist on X 2025-07-27 23:33:57 UTC 21K followers, 8568 engagements
"Measure what matters Dont just stare at revenue. Obsess over metrics that directly drive EV: Organic growth + EBITA margin XX% Working capital down XX% YoY Customer attrition X% Unit revenue growth (incl. M&A) 20%Maintenance flow-through XX% IRR on acquisitions XX% Hit these and you can print equity value almost on autopilot" @TheIcahnist on X 2025-07-26 13:09:15 UTC 21K followers, 1009 engagements
"Privatization = Value Creation Engine A National Bureau of Economic Research study on privatized airports found: +87% passenger traffic +108% net income post-PE acquisition Drivers: ✅ Terminal expansion & commercial real estate ✅ Route optimization (focus on profitable long-haul) ✅ Better airline negotiation leverage ✅ Higher passenger spend through retail buildout PE-owned airports are also more likely to install capex-heavy tech (e-gates self-bag-drop automated aircraft queuing) that drives throughput and margin" @TheIcahnist on X 2025-07-27 23:33:59 UTC 21K followers, XXX engagements
"Name a Private Equity take that would get you jumped" @TheIcahnist on X 2025-07-26 22:17:46 UTC 21K followers, 7205 engagements
"Segments Dealmakers Cant Ignore Installation & Maintenance: Consistent margins recurring demand. Energy Storage: Future grid backbone huge capex but massive upside. EV Charging: Long game but inevitable scale. Microgrids: Resiliency play for hospitals data centers and defense. Grid Management: Fastest growth least capital raised low competition high upside" @TheIcahnist on X 2025-07-27 21:22:53 UTC 20.9K followers, X engagements
"Private Equity Legend: Ted Forstmann - Buy a dying jet company. - Make it the Rolex of aviation. - Sell it for $5.5B. Now every billionaire wants one" @TheIcahnist on X 2025-07-19 17:04:03 UTC 21K followers, 24.9K engagements
"💰 The Exit Year: 1999 🏷 Acquirer: General Dynamics 💵 Deal Size: $5.3$5.5B IRR: Estimated 35%+ over X years Multiple expansion: Massive (low-multiple distressed luxury multiple) General Dynamics integrated Gulfstream as its flagship aerospace brand. To this day it remains one of GDs most valuable business units" @TheIcahnist on X 2025-07-19 17:04:08 UTC 21K followers, 1666 engagements
"EU waste market is worth 394B Fragmented under-digitized and succession-heavy. XX% of firms are SMEs. Valuations are stuck at 68x. PE penetration is XX% in most regions. In the U.S: Waste Management & Republic Services control 55%+ of the market at 12x+ multiples" @TheIcahnist on X 2025-07-21 22:03:48 UTC 21K followers, 2027 engagements
"Why Private Equity Loves Airports Inflation-linked revenue (fees indexed to CPI) Oligopoly/monopoly economics (no substitute assets) Stable long-term cash flows infra fund heaven Massive operating leverage post-capex Non-aviation monetization: retail parking real estate Airports are basically vertical integration of infrastructure + consumer retail" @TheIcahnist on X 2025-07-27 23:34:01 UTC 21K followers, 1499 engagements
"Scale Revenue Defend Margin By 19951998 Gulfstream had: Launched the G-IV and G-V lines Backlog of elite clients (govt execs royalty) Best-in-class range & safety record Industry-leading resale values (brand halo effect)" @TheIcahnist on X 2025-07-19 17:04:07 UTC 21K followers, 1718 engagements
"What is the most successful SPAC in history" @TheIcahnist on X 2025-07-26 20:08:40 UTC 21K followers, 4259 engagements
"Europes waste sector is XX years behind. XX% undervalued Fragmented. Recurring. Aging owners. Thread" @TheIcahnist on X 2025-07-21 22:03:47 UTC 21K followers, 38.2K engagements
"Why Now EV adoption surging electricity demand. Heat pumps decentralized energy loads. Data centers 24/7 power requirements. Aging grids + climate events need for microgrids & storage. Demand curves are bending up and to the right" @TheIcahnist on X 2025-07-27 21:22:54 UTC 20.9K followers, X engagements
"AI-Ready Assets = Force Multipliers Thoma Bravo sees GenAI not as hype but as a margin unlock. Target firms that: Already serve verticals like healthcare or logistics Are migrating to cloud Can embed AI in ops pricing & support" @TheIcahnist on X 2025-07-25 01:05:09 UTC 20.9K followers, XXX engagements
"What You Do: Acquire XX firms at 57x Centralize ops marketing and dispatch Add subscription-based maintenance plans Exit to an infrastructure buyer at 1416x Thanks for reading DMs always open" @TheIcahnist on X 2025-07-19 18:49:47 UTC 21K followers, 2484 engagements
"Why they did it: Bet on rising natural gas prices Deregulated Texas market = growth Monopoly-like infrastructure Classic steady cash flow + leverage LBO profile $44.3B EV 8.5x EBITDA $36B of debt. It was supposed to be a cash-printing machine" @TheIcahnist on X 2025-07-27 21:13:30 UTC 21K followers, 3783 engagements
"The Tailwinds EU Circular Economy Plan 10B+ public-private investments Mandatory XX% recycling target by 2030 Extended Producer Responsibility (EPR) laws Carbon pricing Germany: 50/ton in 2025 Adds urgency to innovate or consolidate Waste-to-energy boom Biofuel heat recovery methane capture = new monetization layers" @TheIcahnist on X 2025-07-21 22:03:49 UTC 21K followers, 1888 engagements
"The First Acquisition His father handed him a dying paper The San Francisco Examiner. Everyone else saw a liability. Hearst saw a distressed platform with underutilized distribution. He slashed costs weaponized sensationalism and created a cash-generating base asset" @TheIcahnist on X 2025-07-27 13:38:36 UTC 21K followers, XXX engagements
"European Playbook X. Identify profitable vertical SaaS firms X. Carve them out from industrial groups X. Fix GTM inefficiencies X. Stack synergistic add-ons X. Scale margins from X% 38%+ Yes really: X% vs XX% EBITDA" @TheIcahnist on X 2025-07-25 01:05:09 UTC 20.9K followers, XXX engagements