Our core private equity focus is to grow businesses in partnership with management teams, pursuing a variety of strategies for creating long-term value. We make majority or minority equity investments of $30 million – $125 million. We provide management-friendly capital, typically holding common equity alongside proven managers who retain operating control and significant ownership.
Transaction characteristics
Equity investments of $30 million – $125 million
Majority or minority positions
Growth equity investments, management buyouts and recapitalizations
Management-friendly capital, typically holding common equity alongside management
Company
Annual revenue of at least $10 million
Demonstrated profitability
Proven business models, an established customer base and market share
Scalable businesses with a preference for recurring revenue
People
Established management teams with a demonstrated track record for growth and profitability
Managers with a significant ownership position in the company, representing most of their financial net worth
Products/Services
Products and/or services that are branded or differentiated
Products and/or services that generate consistent operating earnings
Markets
Markets with favorable growth prospects – either through participation in growing industries, market share expansion, industry consolidation or innovative business strategies
We have deep experience investing in the following industries:
Business Services (including software, IT, communications, value-added resellers and technology)
Consumer Products and Services (including franchising, direct-to-consumer, ecommerce, wholesale and retail)
Staffing
Financial Services (including mortgage, investment management, insurance brokerage and payments)
We are not pursuing investments in the following:
Transactions where management does not desire to retain meaningful ownership
Broad auction processes