Cramer's 'Mad Money' Recap: Primed for Private Equity

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Private-equity firms are making "crate loads of money," and Jim Cramer wants other people to get in on the action, too, he told viewers on his "Mad Money" TV show Monday.

Private-equity firms take public companies private. When they buy a company, it's just like any acquisition, Cramer said. "They pay a premium," and if people are in the stock before it gets taken private, then they will get paid that premium, as well.

It doesn't matter what happened yesterday, he said, because that won't make people any money. Instead, market players should aim at figuring out what the private-equity folks are going to buy tomorrow.

About a month ago, Cramer said, Goldman SachsGS came out with a "terrific" report related to which stocks could be taken private.

With the help of that report, along with his own research, Cramer said he is going to run a multipart series this week in which he will feature six potential private-equity targets. These are six stocks that he believes "could be taken out at any moment."

Private-equity firms buy companies that they believe are undervalued, Cramer explained. The difference between private equity today and 10 years ago is that the firms have a lot of money at their disposal now, he said. "They're doing leveraged buyouts left and right."