Two Decades of Investing in Franchise/Multi-Unit Businesses with CapitalSpring
Richard Fitzgerald, Co-Founder and Managing Partner at CapitalSpring, joins Sean Mooney to share the story behind one of the most enduring sector-focused firms in private equity. In a conversation that moves well beyond deal mechanics, Richard reflects on the early days of CapitalSpring, the value of sticking with a niche, and what it takes to build trust and alignment — across teams, LPs, and portfolio partners — over the long haul.Episode Highlights:1:07 – Richard’s path to private equity7:53 – Building a sector-specialist investment firm with true competitive advantage11:06 – We'd know Richard better if we knew this about him18:27 – Working through hard things – navigating the pandemic26:45 – The art of private equity in the franchise/multi-location sector – best practices35:48 – Benefits of having a sector specialist franchisee investors for sponsors investing in franchisors40:42 – Flexibility to provide both debt and equity solutions for growing businesses is a competitive...
