Kevin O’Leary’s Biography


A Canadian by birth, Kevin O’Leary is a famous business man and media personality. And very recently became an author as well. The man is known for his business strategies and entrepreneurship throughout America and through the world.
His career started off with opening a small business firm financed by his mother. Kevin was into the educational software business and did very well right from the start. The firm was named Soft Key. Their target consumers were mainly home audiences. They would produce compilation discs consisting of various freeware or shareware game software packages. In a very short span of time Soft Key became one of the major players in the educational software market.
Soft Key went on to acquire around sixty rival educational software companies, of which some were of the likes such as Wordstar and Spinnaker Software.
And following the above aggressive takeovers, the next big catch was The Learning Company (TLC),which Soft Key acquired for $606 million. And this event lead to the shifting of company’s base from Toronto to Boston, changing the name of the company from Soft Key to TLC (The Learning Company).
The company was on a roll and went ahead to further its hold and captured TLC’s former rival Broderbund, just three years after Soft Key had acquired TLC. The deal was closed at around $416 million. And the very next year that is in 1999, Mattel acquired 467 software titles along with the company TLC, which was a $3.8 billion stock exchange affair.

But this takeover turned out to be one of the most disastrous and the worst acquisitions of all times. Sales and earnings had soon dropped, leaving the company in a big soup of disaster. This was followed by O’Leary’s depart. The billion dollar deal, believed to have made Kevin O’Leary a very rich man is not a completely true assumption, as most of the deal went to other avenues such as various stockholders and others who had invested in the company. Mattel had burnt its hands very badly in this historical event.
With this stint, O’Leary was quiet famous all over. Having had his cup of tea in the educational software arena, Kevin O’Leary went ahead to become the co-investor and a director in Storage Now. Storage Now is a leading company which develops and provides climate controlled storage facilities.
After having joined Storage Now, Kevin O’Leary swept few more deals and managed several development projects, resulting in a series of acquisitions which led Storage Now to become third largest owner and operator of storage facilities. With stores located in eleven cities there was no stopping the big wave that the company was riding on. Storage Now served companies like Merck and Pfizer. With the course of time Storage Now was then acquired by the In Storage REIT for a whooping $110 million, the deal crystallized in the month of March 2007.
And this was followed by Kevin O’Leary’s next adventure, which was his joining Genstar Capital. Genstar Capital is a private equity firm, that is interested in life science and healthcare services. The Genstar Capital is also into industrial technology and business services and software. O’Leary was appointed by Genstar Capital, primarily to look up new opportunities to invest a fund amount of $1.2 billion. He was appointed to Genstar Capital’s Strategic Advisory Board.
And in addition to this Kevin O’Leary was also a part of the Executive Board of the Richard Ivey School of Business, part of the University of Western Ontario, Another feather in the cap is his recently authored book by the name of Cold Hard Truth: On Business, Money & Life. One should also read Kevin O’Leary’s Biography.
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