Investment Criteria
Clairvest evaluates investment opportunities using the following criteria:
Size of Company
Clairvest looks for companies with earnings before interest, taxes, depreciation and amortization (EBITDA) between $5 million and $40 million.
Size of Investment
We look to invest between $15 million and $40 million in equity capital in each portfolio company. Where required, we have access to additional equity capital through our extensive relationships.
Ownership
We look to acquire ownership positions ranging from 20 to 80%. We do not require majority or controlling ownership positions and are equally comfortable in a minority position where the management is in a controlling position.
Industry Focus
Clairvest invests in a wide array of industries. We expend considerable time and energy in identifying attractive industries, understanding their dynamics and developing a value proposition. We particularly favour fragmented industries, strong underlying industry growth trends, regulated industries and industries with strong barriers to entry.
Company Criteria
Clairvest targets companies with a strong track record of growth or which offer the potential for significant future growth, whether organic or through add-on acquisitions. We favour companies with compelling internal returns on capital, companies that have a wide customer base and those that demonstrate strong customer relationships or recurring revenues.
Management
Above all, we look for experienced managers with a proven track record of success and who are prepared to invest their personal capital in the company. We will partner when we determine that we share core values and have a common vision for creating wealth.