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|
 Transaction
Size |
|
-
|
Companies
valued between $20 million - $150 million when acquiring 100%.
In minority situations the total company valuation could be
higher. |
|
| .
. . . . . . . . . . . . . . . . . . . . . . . . . .
|
| Preferred
Equity Investment |
|
-
|
$5
million - $30 million. |
|
| .
. . . . . . . . . . . . . . . . . . . . . . . . . .
|
| Company
Size |
|
-
|
Revenue over $20 million;
avoid companies reliant on one person. |
|
| .
. . . . . . . . . . . . . . . . . . . . . . . . . .
|
| Ownership
Level |
|
-
|
Can
be majority or minority, provided in a minority situation, control
is dispersed among a number of partners or a shareholders agreement
is entered into. |
|
| .
. . . . . . . . . . . . . . . . . . . . . . . . . .
|
| Partners |
|
-
|
Willing
to invest with partners. |
|
| .
. . . . . . . . . . . . . . . . . . . . . . . . . .
|
| Management
|
|
-
|
Qualified
management must be in place. |
|
-
|
Strongly
prefer management to have financial risk through ownership.
|
|
| .
. . . . . . . . . . . . . . . . . . . . . . . . . .
|
| Preferred Industries |
|
-
|
Consumer products |
|
-
|
Outsourced business services |
|
-
|
Specialty services |
|
-
|
Niche manufacturing |
|
| .
. . . . . . . . . . . . . . . . . . . . . . . . . .
|
| Types
of Transactions |
- |
Control acquisitions and recapitalizations |
|
-
|
Expansion financing |
|
-
|
Industry consolidations |
|
-
|
Corporate divestitures |
- |
Co-investments (Majority + Minority Control) with financial and strategic investors |
|
| .
. . . . . . . . . . . . . . . . . . . . . . . . . .
|
| Other
Considerations |
|
-
|
Must be a friendly transaction
|
|
-
|
A leadership position in technology, product line, cost position or distribution channel |
|
-
|
Growth opportunities: internal or by acquisition |
- |
Diversification of products/services, customers, markets and suppliers |
|
-
|
No start-ups |
|
Investment
Guidelines
