Investment Criteria

We believe attractive investment opportunities exist in the under $5 million range with a heavy weighting on the under $1 million investment size. We focus on jewelry, sporting goods, apparel and general retailers as well as vertically integrated manufacturers or wholesalers who serve those retail markets. We also seek investments in business services, energy, manufacturing, distribution and non-profits. While our investment criteria outlined below provide a general investment profile, each transaction is viewed and structured on an individual basis.

Transaction Types

• Management Buyouts and Divestitures
• Growth Stage (No Seed Round Funding)
• Recapitalizations and Acquisitions
• Turnarounds and Restructurings
• Debtor in Possession (DIP) Funding
• Bankruptcy Exit (POR) Funding
• Project Finance

Industry Focus

• Consumer Products
• Business Services
• Energy (Niche Sectors)
• Manufacturing (Niche Sectors)
• Distribution (Value Added)
• Non-Profits (Capital Assets)

Company Size

• Annual Revenues of $3 million to $30 million Transaction Size
• Up to $5 million Company Characteristics
• Established Products and Services
• Defensible market position with strategic advantages
• Reasonable ability to restructure for future profitable operations
• Reasonable Technology Obsolescence
• Material Asset Base and/or Cash Flows to Support Transaction

Management Characteristics

• Prefer Management Team to participate in ownership