Podcasts Business Investing Capital Allocators – Inside the Institutional Investment Industry Max Frumes and Sujeet Indap Inside the Sausage Factory of the Caesars Restructuring (Capital Allocators, EP.209)

Max Frumes and Sujeet Indap Inside the Sausage Factory of the Caesars Restructuring (Capital Allocators, EP.209)

Published: Aug. 16, 2021, 8 a.m.

My guests on today\u2019s show are financial journalists Max Frumes and Sujeet Indap, co-authors of \u201cThe Caesars Palace Coup,\u201d a book detailing the bankruptcy of Caesars Entertainment. Coming off the heels of our Private Equity Masters mini-series, this conversation dives into a private equity deal gone wrong, including some technical aspects of what it takes to emerge from a bankruptcy. We walk through the intricacies, tensions and dynamics of the Caesars bankruptcy, whose stakeholders included Apollo, TPG, GSO, Elliot, Silver Point, Oaktree, and Appaloosa \u2013 a literal who\u2019s who of giants in private equity and distressed investing. We then turn to applicable lessons for investors, including power dynamics, the unwritten rules of distressed investing, and the role of skill and luck.\xa0

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