STRATEGY
Targeting high-quality middle-market businesses with a history of cash flow stability.
Investment Criteria
We target high-quality middle-market businesses with a history of cash flow stability. We are disciplined, fundamental investors that seek to identify companies with sustainable competitive advantages and a track record of strong operating performance.
ALTHOUGH WE TAKE A GENERALIST APPROACH, OUR TARGET INVESTMENTS TEND TO SHARE MANY OF THE FOLLOWING CHARACTERISTICS:
Proven management teams with a significant equity stake and a clear alignment of interests
Defensible market niches with barriers to entry and high switching costs
Favorable industry trends and growth prospects
Diversified customer and supplier base with longstanding relationships
EBITDA margins in excess of 10%
Modest capital expenditure and working capital requirements
Properly equitized capital structure
TRANSACTION TYPES
Private Equity Sponsored Buyouts
Strategic Acquisitions
Refinancings
Management Buyouts
Leveraged Recapitalizations
Growth Capital