INVESTMENT CRITERIA
What We Look for in a Deal
Special situations includes underperforming corporate carve-out businesses (e.g., low-margin or negative EBITDA) as well as healthy businesses undergoing a transformation (e.g., transition of a family-owned business or healthy division of a parent company in distress). We also work hands-on together with management of portfolio companies to identify and complete add-on acquisitions.
FINANCIALS
Revenue between $10 million* and $250 million.
*Software businesses with revenue of $3 million or more.
EBITDA ranging from negative up to $5 million (focus on negative EBITDA).
TRANSACTIONS
Corporate carve-outs, non-core divestitures, underperforming, special situations, and healthy add-ons.
INDUSTRIES
Software, technology, aerospace and defense, telecom, electronics, manufacturing, industrial, e-commerce and consumer industries.
GEOGRAPHY
We invest in businesses headquartered within the United States.