Kevin Tawil
๐ค SpeakerAppearances Over Time
Podcast Appearances
But not that people want... I mean, TA was six years in to their transaction.
So it was, from their perspective...
All right, we've been in.
This has been a nice ride for us.
Let us take our chips off the table.
So there's some like interest level there.
And then you combine that with the market being incredibly strong at the time.
It was a topic of discussion.
What really drove it from my perspective, it gave us an opportunity to get DST liquidity.
And that's a euphemism for get them off the cap table.
Like the marriage didn't work.
As I said, we create a lot of value with the merger of Asurion and Lockline, but the board dynamics were challenging.
I didn't get along with their two board members.
There was constant friction there.
Other board members didn't get along with them.
And I just knew this was going to be better longer term if we got them liquidity and got them the chance to move them off the board.
It was really those factors coming together where we decided we're going to run a process here.
And we ran a process.
I remember going through it.
This is how frothy times were.