Acquisition memos
Why the deal was bought, what it cost, what the model looked like before close.
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Capital Conversations.
The firm’s archive of acquisitions, renovation scopes, capital structure, and post-mortems. Free to read. Subscribe to be notified when issues resume.
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The firm,
on the record.
Capital Conversations is the in-house archive of Bell Acquisitions. Acquisitions, renovation scopes, capital structure, lender selection, what worked and what did not. The archive is free to read. Issues are currently paused while the firm rotates editorial cadence; subscribe to be notified when they resume.
What is inside
The reading you wish your operator wrote.
Renovation post-mortems
Scope vs. actuals, trade selection, timeline drift, and the lesson on the other side.
Capital structure
How the fund position was structured, who participated, and how the terms paid out.
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