Key Business Characteristics:
- Understandable businesses serving the basic needs of society;
- Stable or growing businesses;
- Proven operating management willing to stay long-term while participating in ownership;
- Profitable businesses, not turnarounds, performing to an established operating plan, and
- Strategically well positioned businesses relative to their competition, technology, and product/service consumption trends.
Investment Types: Common or Preferred investments for Acquisitions, Recapitalization, or Growth.
Size: A minimum of $5.0 million in Free Cash Flow (EBITDA less Sustaining CAPEX) to a maximum of $150 million.
Transaction Types: Management buy-outs, leveraged recapitalizations, growth financings, add-on acquisitions or liquidity to buy out partners.
Minority Interests: We will invest in non-control positions.
Independent Sponsors: We will invest in transactions led by independent sponsors.