Middle-Market Growth Businesses
We invest in middle-market growth companies with attractive free cash flow characteristics, with revenues typically driven more by secular growth trends than overall GDP growth. We also seek platform acquisitions in fragmented industries with opportunities for consolidation, and undermanaged companies where we have identified a path to re-accelerate growth through operating improvements and/or strategic repositioning. Although we consider a broad range of transactions, we typically target companies with enterprise values between $250 million and $2.5 billion.
Industry Focus & Expertise
Starting with broad investment themes and secular trends, we develop identified sector opportunities (“ISOs”) which combine industry insight and relationships to build conviction around specific investment ideas. We also focus on three industry groups: Financial Technology & Services, Healthcare and Technology & Business Solutions. Companies in these sectors tend to exhibit attractive growth and free cash flow characteristics.
We believe our deep industry expertise and relationships make us more knowledgeable, value-added partners. We leverage our deep domain expertise, long-standing relationships and strong operating capabilities to create sourcing advantages.
Our teams of investment and operating professionals work with portfolio company management teams to identify and implement organizational, operational and strategic improvements. We bring expertise in critical areas such as human capital management and organizational design, go-to-market strategy and execution, technology and innovation, operations and productivity, M&A integration and cross-portfolio services.