Criteria
Equity Investment
- Up to $10 million per transaction
- Up to $20 million per transaction with co-investors
- Founders ownership - significant minority to majority control
Company Size
- $2 to $15 million of Operating Profit (EBITDA)
- Revenues $20 to $150 million
Company Parameters
- Demonstrates strong growth potential -- organically and/or by acquisition strategies
- Sustainable competitive advantage and significant market position
- Potential for 10%+ EBITDA margin
Attractive Characteristics
- Has in place or employs motivated, insightful, incentivized management
- Seeking first institutional capital
- Operates in fragmented industry offering consolidation opportunities
- Utilizes or has the ability to utilize technology to attain a competitive advantage or to reposition the business
- Underperforming businesses that we believe can be repositioned
Targeted Industries
- Business and Marketing Services
- Healthcare Services
- Financial Services
- Outsourcing and Logistics
- Environmental Services
- Government Services
- Consumer Products and Services
- Value-Added Distribution Services
- Asset-Light Manufacturing
- Oilfield Services
Transaction Format
- Recapitalizations
- Management Buyouts
- Buy and Build Strategies
- Accelerating Growth / Later Stage Growth
- Corporate Divestitures / Going Private
- Special Situations / Turnarounds