Redfern Partners Acquisition Criteria

Targeted

Industries

 

Candidate

Profile

 

 

Competitive

Profile

 

 

 

Geography

Size

 

 

 

Financial

Performance

Transaction

Structures

 

 

 

Operating

Management

 

 

 

Targets for acquisition include a broad array of distribution businesses providing advanced materials to military, aerospace, medical, automotive, networking, and consumer electronics suppliers.

 

 

Candidates include lower-middle market sized privately held companies, and small divisions of public companies. We generally prefer a control position, but also pursue minority growth-equity investments.

 

 

REDFERN PARTNERS prefers companies that are strongly positioned in their market segments with unrealized potential for growth, either through internal growth or add-on acquisition. We also seek to consolidate fragmented industries through acquisition.

 

 

Our Geographic Focus is in North America but have investments in Europe and Asia.

 

 

We are generally interested in companies with annual revenues in the range of $3 to $20 million of EBITDA.  REDFERN PARTNERS has the ability to invest equity of $3 to $20 million per transaction. We can complete larger transactions in conjunction with prior investment partners.

 

 

We will consider both profitable and underperforming businesses, including companies in need of capital restructuring.

 

 

A typical transaction provides all cash consideration to sellers, or can take the form of a majority or minority recapitalization. We also will structure transactions with a combination of cash, notes and an earn-out or similar performance incentive component.

 

 

Our preference is to retain existing management and provide considerable operating autonomy. We typically team with key managers and provide attractive equity incentive programs based on performance. As appropriate, we can engage executives from our network to serve in operationally-focused board roles, or in interim roles if necessary.