SEAM Investment Criteria
| Geography | Companies headquartered in the Western United States | |
| Investment Purpose | Acquisition Capital Growth Capital Buyouts / Recapitalizations / Refinancings Liquidity to Existing Shareholders Employee Stock Ownership Programs |
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| Company Profile | Revenues of $50 to $350 million EBITDA of $5 to $25 million Proven historical earnings and positive free cash flow Experienced management teams Strong and defensible market position |
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| Investment Size | $5 to $25 million. Additionally, we will agent larger investments by co-investing with our limited partners or other mezzanine providers. | |
| Industries | Broad range including light manufacturing, distribution, and service businesses. Industries outside of our investment parameters include real estate, project finance, start ups, or emerging technology companies. | |
| Structure | Creative and customer driven long term financing solutions to meet the unique needs of our clients. | |
| Interest | Reflective of current market conditions and risk return characteristics of the investment. Return components typically include a fixed interest rate which may include PIK (Payment-In-Kind) interest in conjunction with the cash interest, as well as an non-control equity component like a warrant, tied to the underlying performance of our client. | |
| Governance | As a junior capital partner we typically seek board observation rights where appropriate, but do not seek operating control of a company. Our goal is to align our financial incentives with those of the management team and owner. | |
| Referrals | We welcome investment ideas and introductions either directly to companies or their advisors. Referrals will be handled in confidence and discretion. Fee arrangements will be protected and honored. |