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As illustrated below, APG Partners will consider a range of investment opportunities and investment structures.
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Sale/Majority Recapitalization |
Minority Recapitalization |
Acquisition |
Later-Stage Growth |
| Min. Revenue | $15M | $15M | $25M | $10M |
| Min. EBITDA | $2.0M | $2.0M | $3.0M | near b/e |
| Investment Type |
Sub Debt and Equity |
Sub Debt and Equity |
Sub Debt and Equity |
Sub Debt and Equity |
| Investment Size |
$10-$30M |
$5-$30M |
$5-$30M |
$5-$30M |
| Ownership | Majority | Minority | Minority | Minority |
Certain universal criteria, however, are applied to in all circumstances:
APG Partners will only pursue investment opportunities led by driven, knowledgeable and experienced chief executive officers who commit to partner with us.
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Drive is a subjective matter. APG looks for this when partnering with management for whom the transaction represents the most significant economic opportunity of their life, not icing on the cake.
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Knowledge relates to their company and industry. APG Partners focuses on supporting management teams who have meaningful experience within their industry sector, as opposed to assuming business knowledge is more generally transferable across industries.
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Experience relates to the general bumps and bruises of doing business. For instance, APG focuses on supporting management teams who have a proven track record during economic downturns, developing control systems or successfully managing cash.
APG Partners believes that management and execution are the key factors in successful private equity investing.
While not exclusively focused on industry sectors, APG Partners has meaningful experience in the following areas:
- Healthcare Services
- Business Services
- Consumer Products
- Manufacturing
APG Partners is most interested in pursuing companies who are market leaders in small niches ($200-$500 million) and/or whose current or prospective target market is growing, fragmented and exceeds $500 million. These circumstances create barriers or opportunities for above-market growth and economic scalability.
APG Partners is primarily focused on companies located in the Western United States. We believe that, at the end of the day, successful private equity investing is built on successful relationships. Developing and maintaining them requires regular face-to-face contact that is best fostered by a close geographic proximity. The Western United States is also one of the most diverse and entrepreneurial markets in the country, creating a vibrant environment for APG Partners’ investment strategy.
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