Corinthian Capital targets unique niche companies that have a demonstrated history of profitability and the ability to generate above average margins and strong cash flows. We take a highly disciplined approach to investment selection and generally pursue opportunities that meet or exceed the following specific criteria:
• Niche market leaders in the manufacturing, distribution, service and consumer
products segments
• Located primarily in North America
• Defensible market positions and competitive advantages
• Low technological risk
• Reasonable capital expenditure and working capital requirements
• Proven, high quality operating management teams in-place or "on-deck"
• Good operating leverage, where modest sales growth leads to accelerated earnings
• Financial parameters for stand-alone investments:
• Sales: $50 million to $250 million
• EBITDA: $5 million to $30 million
• Financial parameters for add-on acquisitions:
• Sales: $10 million to $250 million
• EBITDA: $1 million to $30 million
• We also review companies operating in out-of-favor or difficult to understand industries
|