Approach
Target Investment Size
  • Equity investments of $25 - $100 million
  • EBITDA target of $5 - $50 million
  • Revenue target of $50 - $500 million
Consumer Products
Specialty Retail
Healthcare Services
Target Investment Criteria
  • Consumer staples: food, beverage, health & beauty, pet, etc.
  • Strong consumer brands; #1 or #2 share
  • Growth or opportunities to drive growth
  • Point-of-sale momentum
  • Corporate carve-outs and divestitures
  • Favorable demographics and category trends
  • Products primarily distributed in grocery, mass, club, dollar, and/or c-store channels
  • Low fashion or technology risk
  • Enthusiast consumer base
  • Consistent same store sales growth or category outperformance
  • Scalable opportunities with significant growth potential
  • New unit expansion opportunity; regional and/or national
  • Attractive unit economics; 30% or greater cash-on-cash return
  • Internet, wholesale and private label growth opportunities
  • Defensible consumer proposition insulated from Walmart and Amazon
  • Scalable healthcare service opportunities
  • Consolidation opportunities
  • Outsourcing beneficiaries
  • #1 or #2 local market share
  • Low reimbursement risk
  • Low technology risk
  • Services lowering total cost of care
  • Superior quality and outcomes
Representative Transactions
Consumer Products
What Do We Like?
  • Consumer staples: food, beverage, health & beauty, pet, etc.
  • Strong consumer brands; #1 or #2 share
  • Growth or opportunities to drive growth
  • Point-of-sale momentum
  • Corporate carve-outs and divestitures
  • Favorable demographics and category trends
  • Products primarily distributed in grocery, mass, club, dollar, and/or c-store channels
  • Low fashion or technology risk
  • Enthusiast consumer base
Representative Transactions
Specialty Retail
What Do We Like?
  • Consistent same store sales growth or category outperformance
  • Scalable opportunities with significant growth potential
  • New unit expansion opportunity; regional and/or national
  • Attractive unit economics; 30% or greater cash-on-cash return
  • Internet, wholesale and private label growth opportunities
  • Defensible consumer proposition insulated from Walmart and Amazon
Representative Transactions
Healthcare Services
What Do We Like?
  • Scalable healthcare service opportunities
  • Consolidation opportunities
  • Outsourcing beneficiaries
  • #1 or #2 local market share
  • Low reimbursement risk
  • Low technology risk
  • Services lowering total cost of care
  • Superior quality and outcomes
Representative Transactions