This is Masters in Business with Barry Redholz on Bloomberg Radio.

This week on the podcast, I have an extra special guest, Scott Spurling, Co-CEO of THL.

He's on the firm's management and investment committees.

THL is one of the top private equity firms.

They've been around since the 1970s.

They've done countless, countless deals, hundreds and hundreds of deals.

You might be familiar with some of their bigger deals.

They did the Warner Music Deal.

That was a multi-billion dollar deal about 20 years ago.

Duncan is a group of franchises from Duncan Donuts.

Perhaps the biggest deal they did or the most mine share was the Snapple deal.

They bought Snapple.

They took him public.

They facilitated the sale of Quaker Oats.

That was really the first time I had private equity on my radar.

It's like, really?

Someone just came along and said, here's hundreds of millions of dollars for Snapple.

Let's sell them for a billion dollars.

Take them public.

It's really fascinating, fascinating story.

Spurling is as knowledgeable about private equity and valuation and how that sector and

entire industry really is changing.

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