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Spire Capital seeks to lead small market buyout investments in its areas of expertise. The firm tries to utilize its long-standing industry relationships and network in order to source management teams and proprietary deal flow.
- Investment Size - The Principals pursue superior risk/return investments "under the radar screen," with Spire Capital's ideal investment size of $15 - $30 million. This transaction size allows Spire to often avoid the more competitive auction environment typically found in larger transactions. Spire expects to be the lead investor in transactions and often brings in limited partners as strategic co-investors in investment opportunities that require additional equity capital where Spire’s collective skills and experience can create value.
- Stage of Development - Spire Capital seeks to acquire cash flow positive companies in buyout transactions.
- Diversification - Spire Capital will not allocate more than 20% of the fund's capital to any single investment. Sector diversification within the targeted industry segments also will be considered.
- Location - Spire Capital's investment focus will be almost exclusively domestic.
- Investment Horizon - Spire Capital expects to realize investment returns through a sale, recapitalization or public offering within a three- to seven-year time frame. Investments that provide multiple exit strategies are preferred.
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