Investment Criteria
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 $1.0 million in Free Cash Flow (EBITDA less Sustaining CAPEX) to a maximum of $5 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
What We Generally Don't Do: Start-ups, Companies with Negative Cash Flow, Venture Rounds or Real Estate Development