![TransDigm: Private Equity in the Public Markets with Rob Small [50X, EP.4] show art](https://assets.libsyn.com/content/133258518?height=50&width=50)
TransDigm: Private Equity in the Public Markets with Rob Small [50X, EP.4]
50X
This is our final episode in a series of four on TransDigm. In this discussion, we contrast TransDigm with traditional private equity portfolio companies, examine the company’s approach to capital allocation, and dissect Berkshire’s and Stockbridge’s position management over time. Our guest is Rob Small, a Managing Director at Berkshire Partners and Stockbridge, as well as a Director at TransDigm. Under Rob’s direction, Stockbridge has maintained a concentrated position in TransDigm and demonstrated remarkable conviction to add (and occasionally trim) at opportune times. ...
info_outline![TransDigm: Operator to Capital Allocator with Nick Howley [50X, EP.3] show art](https://assets.libsyn.com/content/132762483?height=50&width=50)
TransDigm: Operator to Capital Allocator with Nick Howley [50X, EP.3]
50X
This is our third episode in a series of four on TransDigm. In this discussion, we study TransDigm’s evolution while under public ownership. Since 2006, the company has outperformed the S&P by 15-fold and its peer group by 9-fold. We unpack its approach to special dividends and leverage, examine meaningful acquisitions alongside disruptive crises, reflect on the prior three decades, and consider TransDigm’s future beyond $50 billion of Enterprise Value. Our guest is Nick Howley, the Founder and Executive Chairman of TransDigm. For the full show notes, transcript, and...
info_outline![TransDigm: Redeeming the Most Painful Loss with Rob Small [50X, EP.2] show art](https://assets.libsyn.com/content/132315404?height=50&width=50)
TransDigm: Redeeming the Most Painful Loss with Rob Small [50X, EP.2]
50X
This is our second episode in a series of four on TransDigm, an aerospace components manufacturer that has returned over 1,750X since its inception nearly three decades earlier. If you haven’t listened to the first episode with TransDigm’s founder Nick Howley, we recommend starting there. Today, we are joined by Rob Small. Rob is a Managing Director at Berkshire Partners and has led Stockbridge, Berkshire’s public equities business, since its inception in 2007. Rob conducted diligence on TransDigm in its 2003 auction before investing personally following the IPO, building an anchor...
info_outline![TransDigm: Foundations with Nick Howley [50X, EP.1] show art](https://assets.libsyn.com/content/131857712?height=50&width=50)
TransDigm: Foundations with Nick Howley [50X, EP.1]
50X
Today's episode is the first in a series of four on TransDigm, an aerospace components manufacturer that has appreciated over 1,750X since its inception nearly three decades earlier. In today’s episode we are joined by Nick Howley, TransDigm’s founder, long-time CEO and Executive Chairman. We explore TransDigm’s foundations under private ownership, digging into its core value drivers, decentralized culture, differentiated compensation program, and early M&A motion. For the full show notes, transcript, and links to mentioned content, check out the episode page . -----...
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Welcome to 50X
50X
Welcome to 50X. Hosted by Will Thorndike, author of The Outsiders and a co-founder at Compounding Labs, 50X aims to dissect the anatomy of investments that have appreciated at least 50-fold. We track the often circuitous route to exceptional long-term returns, exploring the foundations of value creation and how that rarest of investment commodities—conviction—is created, maintained, threatened, and sometimes lost. Learn more at 50Xpodcast.com.
info_outlineWelcome to 50X. Hosted by Will Thorndike, author of The Outsiders and a co-founder at Compounding Labs, 50X aims to dissect the anatomy of investments that have appreciated at least 50-fold. We track the often circuitous route to exceptional long-term returns, exploring the foundations of value creation and how that rarest of investment commodities—conviction—is created, maintained, threatened, and sometimes lost. Learn more at 50Xpodcast.com.