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How We Find Value
There are three approaches we take on behalf of our investors. All capitalize on our core competency of quickly and accurately identifying value in a company and more importantly, executing positive change to attain the targeted economic results. It is our belief that we do this better than any strategic or financial buyer, simply because of the breadth and depth of our track record of accomplishment dating back over twenty years. Working with a wide array of America’s leading companies, ours is a business of high volume value creation events. The number and severity of the value creation challenges in our repertoire exceeds the capability of most strategic buyers.
Majority Equity Investments
The first approach is to acquire a majority equity position in a company on behalf of our investors. We are attracted to companies in stable industries that have solid potential and a defensible position yet have under-performed because of under capitalization, inability to execute, management confusion, or indecisiveness. These acquisitions may be from other private equity firms as well as directly from private or public companies. We look to create and monetize value in such situations within a three to five-year timeframe.
Partnerships With Private Equity Firms
Another approach is to enter into partnerships with other private equity firms that have ample available funds to invest but limited knowledge of the value creation potential in a particular situation. We seek to capitalize on our value creation ability in these situations while minimizing the investment on behalf of our sponsors. Our returns in these partnerships are at risk and are dependent upon mplementation of concrete results. Accordingly, partnership arrangements can be inordinately lucrative. We look to create and monetize value in such situations within a four to six-year timeframe.
Advisory Services
The third approach is to provide a full range of value creation advisory services directly to companies, strategic buyers, strategic sellers and other private equity firms. This may take the form of packaging the value added potential for a seller, developing a blueprint for value creation for a potential buyer or guiding other private equity firms or companies in uncovering the value in under-performing assets in their portfolio.
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