Although we have a flexible mandate, we look for a subset of the below:
Industry:
Mature industry with a demonstrated profit potential.
No single winner / dominant player.
Non-cyclical / recession resilient.
Business Model:
Highly predictable revenue.
No major customer concentration.
Does not only compete on cost.
Company:
Stable growth trajectory.
$2-20M of revenue.
Healthy margins - 10%+.