[bizloanbroker]

I heard it went through today, anyone hear anything?

Can anyone say FIRE SALE??

[Chambo]

is THAT why Abe has been hiding out in Puerto Rico the last couple months?

[Achfund]

I originally posted on the now locked thread about "Pearl Capital Selling?" for a $200 million sale...from what I'm hearing today its going thru for $175m with a PE firm.
Good for them.

[Jared_Weitz]

I originally posted on the now locked thread about "Pearl Capital Selling?" for a $200 million sale...from what I'm hearing today its going thru for $175m with a PE firm.
Good for them.

I think they are only getting a line. Don't know about a full sale.

[bizloanbroker]

does anyone know what happened here?

I have heard so many different rumors

[Jstarr]

I was told today ftom several people that it was Lendini that was purchasing pearl , could just be a rumor

[Sean Cash]

I heard Walmart was buying them.

[bizloanbroker]

7 different people have told me they are getting bought out by Retail capital

I wonder if all their key iso people will leave after the transaction

or will 10 mini pearls pop up the day after the deal closes

[J.Celifarco]

I think everyone has heard the same rumors but nobody seems to know any details. Either not true or whoever is buying them is keeping quiet. Just think that if it was true whoever bought them would have put out a press release or something.

[hejfund]

Bizloanbroker - Lol.
Everyone is so curious to know what the Kings of the industry are doing...makes sense
Instead of posting rumors, let's see what comes out over the next few weeks...

[J.Celifarco]

Bizloanbroker - Lol.
Everyone is so curious to know what the Kings of the industry are doing...makes sense
Instead of posting rumors, let's see what comes out over the next few weeks...

Pearl = Kings of the Industry?????? Really????

[anonymous]

Everyone is so curious to know what the Kings of the industry are doing...

king.jpg

[MCNetwork]

If you define kings as being the most profitable in the industry then probably yes...

[channin19]

Dont see how the culture at Retail and Pearl would mesh

[155refi10psf]

There's a bidding war between Ringling Brothers and Cirque de Soleil because millions of dollars in pending litigation is hilarious

[bizloanbroker]

what kind of pending litigation is there?

[GoodCustomerService]

Bizloanbroker, I don't expect you to get a response. Another rumor chucker who runs away. Anyone on this thread actually know anything or just 3rd, 4th or 5th position information?!

[Funder Mark]

From what I understand, it was a major investment into the company, not a sale. I don't think Abe and Meir are going to retire and sip Mojito's and Mai Tai's on a beach.

[Sean Cash]

From what I understand, it was a major investment into the company, not a sale. I don't think Abe and Meir are going to retire and sip Mojito's and Mai Tai's on a beach.

I have no idea what's going on with these pearl rumors one way or another but I will say that a major investment can be a sale. A sale doesn't necessarily mean 100% of ownership transfers or that the former executives walk away and retire. If a majority stake changes hands, that's a sale.

Some of the acquisitions in this space have caused executive casualties but overall, top guys seem to be sticking around to run their businesses even after acquisitions. They tend to have the relationships that the companies rely on for survival and growth. Generally speaking, it's risky to just kick that to the curb.

[Franklin]

Indeed, many times the current executives are mandated to stay on in some form of directing or consulting role, for at least a year.

I have no idea what's going on with these pearl rumors one way or another but I will say that a major investment can be a sale. A sale doesn't necessarily mean 100% of ownership transfers or that the former executives walk away and retire. If a majority stake changes hands, that's a sale.

Some of the acquisitions in this space have caused executive casualties but overall, top guys seem to be sticking around to run their businesses even after acquisitions. They tend to have the relationships that the companies rely on for survival and growth. Generally speaking, it's risky to just kick that to the curb.

[Funder Mark]

Someone once said that they are the most profitable company out there, on a per deal basis. I do not know if that is actually true, it may or may not be. What I do know is that Pearl as a company requires its inhouse agent to return the full commission on any deal that goes bad, as long as it is under 75% paid off. So if they did a 6 month deal, if 4 months into it the deal goes south, the company clawbacks the commission.

[bizloanbroker]

someone told me this lawsuit is holding up their sale, does anyone have any info on this?

[isaacdstern]

looks like their is a TRO where Anthony is trying to stop the sale until his stuff gets cleared up

[bizloanbroker]

Did they close or did the TRO stop the sale?

[SuperFunds]

Why did that link get taken down? It's a public document. Was trying to find it again today only to find it had been removed.