by Jeffrey Bronchick | Chief Investment Officer

Fender tried to go public in 2012. It failed and here is why.

In how the world should work, the prevailing private equity investors bit the bullet and raised new capital at levels well below what was being offered to the public. “New” CEO Larry Thomas retired. Private equity buyer TPG Growth is the new sheriff in town. “New” models are being introduced, and most interestingly, Fender is tentatively experimenting with the Direct-to-Consumer scene. Oh, and Board meetings have suddenly gotten a lot more interesting with the addition of two U2 band members.

I don’t think a single thing has changed since my initial piece…but there is a price for what will inevitably be another chance to take our money.

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