TGV sponsors buyouts and growth capital investments in "just under the radar screen' middle market companies.
"Our classic transaction is a $10–$50 million buyout where we partner with management and invest up to $10 million of private equity to acquire control of a branded products manufacturer which has the growth prospects to break out into a solid middle-market company."
Transaction Characteristics:
- Management-led buyouts and leveraged recapitalizations, where we acquire control; or
- Growth capital investments to fund an acquisition or strategic expansion, where we obtain a substantial influence position.
- Transaction values ranging from $10 to $50 million, with our private equity investment at $3 to $10 million.
- Partnering approach with operating management, where they have significant equity ownership through cash investment and performance-based equity options.
- Longer-term investment horizon, where we focus on “strategic value growth” of the company, and we can be value-added as active Board directors and owners.
Company Profile:
- Established businesses in traditional branded manufacturing & service industries, which have attractive prospects to grow on to the middle-market radar screen.
- Annual revenues of $20 to $50 million, and sustainable operating profit or EBITDA of at least $2 million.
- Defensible competitive position based on brand equity, cost advantages, market share leadership, or other clear differentiation.
- Business sector with stable structure, significant barriers to entry, and identified growth opportunities.
- Professional management team with proven track record, established systems and controls, and significant bench strength.
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