Investment Criteria
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Deal Size: $10-75 million
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Financial Profile: >$5 million EBITDA
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Investment supported by cash flow, enterprise value or asset values
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Target characteristics:
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Strong and committed management
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History of strong profitability and free cash flow conversion
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Differentiated product offering or sustainable competitive advantage
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Appropriate capital structure and credit statistics
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Security Type
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Revolving line of credit
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Senior secured term loan
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Delayed draw term loan
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Unitranche term loan
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Subordinated loans
Industry Focus
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Industry agnostic
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Will not invest in construction, real estate, commodity and energy
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No start-ups, distressed or project finance situations
Transaction Types
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Refinancing
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Acquisitions and buyouts
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Working capital
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Growth capital
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Leveraged dividend or partner buyout
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Carveout
Ownership
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Non-sponsored
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Family office