Bondage 106.9
To the bankers’ delight, The Sauce Company is likely going to be a consumer of capital for a very long time as it believes it can “roll up” through a long series of purchases an otherwise disparate industry ripe for a nimble player with a hot product.
As a result, the bank will have to spend quite a lot of time educating its new favorite clients on other means of raising capital beyond Preferred Securities and Equity. And since the company was started on equity (it was real...
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