SELECTED INVESTMENTS AND CASE STUDIES

We acquired control of Shemin, a leading distributor of commercial landscape supplies to professional contractors. Working with the management team, we positioned the company to grow revenue through product line extensions, market share gains, greenfield supply center openings and acquisitions. Profitability growth outpaced revenue growth due to the turnaround of loss-making locations, SKU rationalizations, pricing initiatives and improved purchasing, including forward contracts. The company was successfully sold to a strategic acquiror, creating the largest player in this industry segment.

We led the restructuring of a family of private equity funds with over ten individual portfolio investments. Following the death of the founder, we provided a solution to existing investors, ultimately acquiring control of the funds and becoming the new manager. Through creative structuring, we provided a range of flexible alternatives to existing investors, ranging from an ability to cash out or continue their investment. Following the acquisition, we deployed our operational, financial and strategic resources to reposition and grow a number of the companies, ultimately exiting all of the investments within four years of initial investment.

We worked in partnership with a small group of lenders to provide a capital solution to Potpourri, a leading multi-channel, multi-brand, direct-to-consumer merchant that serves millions of customers a year. The company sought to refinance existing debt and provide a dividend to its sponsor. We worked with the company and other lenders to achieve the objectives of the company and its owners while ensuring a soundly structured and fairly priced financing from the lenders.

We provided liquidity to Global Power when its existing asset backed lenders were unwilling to support the business. We acquired the outstanding debt from existing lenders and worked constructively with the company to restructure its debt and address its liquidity needs. Our partnership provided the company with time and flexibility to sell a non-core subsidiary, restructure a loss-making subsidiary, and ultimately refinance its capital structure.