Clay is joined by Niklas Sävås to discuss the business model of serial acquirers. What you’ll learn here: 00:00:00 - Intro 00:01:18 - What is a serial acquirer? 00:08:40 - Prices paid 00:10:08 - How debt enhances returns 00:10:24 - The best of the best serial acquirers 00:12:49 - Best practices for serial acquirers 00:22:14 - Being the buyer of choice 00:26:37 - Succession plans 00:34:58 - Why are serial acquirers more common in the nordics 00:40:52 - Common challenges 00:43:44 - Competitive advantages 00:46:19 - The importance of organic growth 00:52:56 - Roko IPO 00:59:02 - Aligning incentives 01:03:39 - Betting on Fredrik Karlsson 01:05:18 - Valuing serial acquirers 01:07:31 - Final hand-off Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/why-serial-acquirers-outperform-w-niklas-savas/ 🤝 Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here: https://www.theinvestorspodcast.com/summit Join our highly vetted community of value investors: https://www.theinvestorspodcast.com/mastermind/ ▶️ Related Episodes: - The Ultimate Guide to Finding 100 Baggers | Lessons From Chris Mayer: https://youtu.be/g-bh812x_Gs - 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer: https://youtu.be/ScZdenQbd8A - Buying Exceptional Businesses & Ignoring the Noise w/ François Rochon: https://youtu.be/Me_mXNV3beI Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #SerialAcquirers #ConstellationSoftware #Lifco #RedeyeAB #SuccessfulSerialAcquirers