Boehly’s Eldridge Finds Opportunities in Pandemic-Hit Companies

Todd Boehly has been hunting for bargains during Covid-19, investing in businesses that have been hit hard by the pandemic and even picking up the U.S. operations of Le Pain Quotidien out of bankruptcy.

“We have been very active creating value where we think there are value gaps,” Boehly, the chief executive of Eldridge Industries said during an interview on Bloomberg Television. “Covid has given us a lot of opportunities.”

WATCH: Eldridge Industries CEO Todd Boehly discusses finding investments using “value gaps” amid the coronavirus pandemic, the potential for investment opportunities in professional sports franchises in the coming years and new found liquidity in the real estate market of the New York tri-state area.

(Source: Bloomberg)

Eldridge, the investment firm he co-founded after leaving Guggenheim Partners, has been focusing on distressed names that trade at deep discounts, as well as technology companies such as PayActiv ...