Our investment approach is centered on identifying and profiting from market inefficiencies inherent in small-cap and/or complex situations.
We are focused on structural capital preservation, while maintaining substantial upside equity optionality. We partner with fundamentally-driven specialists that possess deep sector knowledge and/or unique operational expertise and have experience working with small companies.
Representative Transaction Characteristics
Buyouts
Recapitalizations
Thematic platform builds
Growth
Special Situations
Carve-outs of non-core divisions or subsidiaries
Turnarounds
Business Characteristics
Founder owned
EBITDA – $3 to $15+ million
Fragmented industries or markets
Defensible market position in product, channel or geographic niche
Opportunities for improving operational efficiencies
Headquartered in the United States or Canada
Investment Characteristics
$10 to $25 million equity investment
LP co-Invest available
Majority or minority stakes
Board Observer seat
Hurdled economics