Business Characteristics
Branded or non-commodity products, services or franchise
Defensible competitive advantage
Increasing demand from consumer end-users or a diversified customer base
A leading or recognized position in a growing, niche market
Profitable with expected growth in cash operating earnings of at least 10% per annum
Modest capital requirements, but with above average rates of return on invested capital
Minimal risk from technological change
Minimal exposure to government regulation and reimbursement

Size and Investment Parameters
$20 million to $150 million enterprise values
$5 million to $30 million control equity investment
Offer non-control equity co-investments to Limited Partners, lenders and third parties

Industry Experience and Targeted Sectors
Consumer-oriented (products, services or franchise)
Multi-unit operations
Manufacturing
Specialty retailing (non-fashion)
Financial services/Insurance