Strategy

 
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Investment Criteria

Size
  • Enterprise value of $200 million to $1+ billion
  • EBITDA in excess of $25 million
Selected Industries
  • Business and Tech-Enabled Services
  • Light Industrial and Industrial Services
  • Value-Added Distribution
  • Healthcare Services
  • Media and Entertainment
  • Consumer Products
Business Attributes
  • World-class management teams with bias towards significant ownership
  • Defensive businesses with stable end markets and recurring revenue
  • Reasonable organic growth with large addressable market or strong acquisition platform
  • Sustainable competitive advantage by virtue of strong value proposition, industry structure, market position, intellectual property or branding
  • Strong recurring cash flow characteristics
Targeted Investment Structure
  • Change-of-control equity investments
  • Minority preferred / structured investments with flexibility on terms (perpetual term, PIK)
  • Minimum investment of $100 million with ability to underwrite $500+ million