Criteria
We seek to acquire or invest in profitable middle market eCommerce companies.
Company Types
B2C & B2B eCommerce
- Companies selling to business and/or retail customers
- Highly defensible competitive position based upon any of the following business characteristics:
- Branded proprietary products
- Vertical integration
- Customized or made-to-order products or services
- Complex, technical and highly researched products or services
- 24-month variable contribution per customer of at least $50
Marketing Services for eCommerce
- Specialized offering serving eCommerce companies with differentiation based upon intellectual property and/or technology-enablement
Marketing Technology for eCommerce
- SaaS tools and platforms serving eCommerce companies
Transaction Types
- Majority re-capitalizations
- Corporate carve-outs
- Minority investments
- Co-investments alongside other investment firms
Financial Characteristics
- EBITDA positive to $50M in EBITDA
Add-ons
- Customized or made-to-order products
- Renovation Brands: Home improvement and building products companies selling direct
- Guild Brands: Companies selling artist-made products
- Boutique Brands: Female apparel brands enabling commerce through social media platforms