Spring 2020
Graham & Doddsville, issue 39 · 35 pages
Page numbers are the ones your PDF viewer shows. Each one opens the PDF at that page; if your browser lands on page 1, scroll to the number. Open the full issue on Columbia's site ↗
Interviews
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p. 1 ↗
Alex Captain
Cat Rock Capital Management
Alex was a partner at Tiger Global before he started Cat Rock in 2015. He makes the case for Just Eat Takeaway's room to grow in food delivery, plus Evolution Gaming and TransDigm.
InternationalQuality compoundersJudging management -
p. 22 ↗
Mark Lee, John Hallowell & Greg Williams
Mountaineer Partners Management
Mark came from Contrarian Capital's distressed desk and started Mountaineer in 2012. The team reads EPA rules to size Ingevity's opportunity and explains why, after PG&E filed for bankruptcy, they found the better bet in Clearway's equity.
Special situationsDistressedSpin-offs
Student pitches
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p. 16 ↗
Long EPAM Systems
By Manas Bajaj, Akshay Chawla and Amitaabh Sahai
An IT services firm with strong industry tailwinds and an asset-light model, pitched at about a 24% IRR.
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p. 18 ↗
Long Sysco
By Michael Weng, Kyle Campbell and Shaunak Misra
The biggest food distributor, which the team expected to come out of the pandemic stronger than its rivals.
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p. 20 ↗
Long Verisk Analytics
By Ruth Chen, Yi Cheng and Mark Hu
A high-quality compounder with a moat and pricing power, bought in the March 2020 selloff.