Target size
- Enterprise Value: $5 to $100 million ($10 to $50 million sweet spot)
- Sales: $5 to $100 million
- EBITDA: Negative to $20 million
Transaction types
- LBOs, recapitalizations and growth financings
- Corporate carve-outs
- Control or significant minority equity investments
- Turnarounds and restructurings (“hairy” deals)
- Willing to partner in an enterprise where we can actively participate in senior management (such as a retiring owner)
Industries of particular interest
- Business and financial services and distribution
- Food (production, processing, services and equipment)
- Manufacturing/industrial products and services
