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Juno's Investment
Criteria
Juno typically invests $2 million - $25
million in middle market companies with annual revenues
in the $10 million - $30 million range. On a
case-by-case basis, we also make investments in emerging
technology companies that may have considerably less
revenue and operating history. Because we have the
capital resources to fund an entire investment,
regardless of the state of the capital markets, we offer
a high degree of certainty in closing the deal. In
addition, our capital resources and operating structure
allow us to be patient investors with a long-term view
to fundamental business building.
As active participants in our portfolio
companies, we usually seek to take a controlling
interest in the companies in which we invest. However,
we do recognize the importance of creating an effective
incentive structure; and therefore provide an equity
stake or profit sharing program for management.
Juno seeks investment candidates,
privately or publicly held, in a wide range of regulated
industry categories. The following is a general
description of our investment criteria (not all
necessary in every acquisition):
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Leading manufacturing companies, selling to
national accounts and operating in mature,
fragmented markets with an evident barrier of entry
from
competition. |
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An existing strong
management team with a demonstrated ability and
commitment to operate the company and continue
leading the business to new growth
opportunities following our
investment. |
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Established revenues of at least $5
million, with potential for internal growth and/or
growth through acquisition or consolidation.
Strategic add-on investments for our existing
portfolio companies can be smaller. |
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Historically profitable businesses
with stable and predictable "normalized" cash flow and earnings
before interest, taxes, depreciation and
amortization (EBITDA) of at least $0.5 million. |
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Juno will consider underperforming
or turnaround situations due to over leverage or
cyclical industry downturn as well as special
situations, e.g. environmental or litigation issues. |
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We will consider
investments in emerging technology companies with
a clear path to commercialization. |
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We make equity investments between
$2 million - $25 million and may consider larger
investments in special circumstances. |
Please contact
us if you have questions about Juno Investments, its
investments or acquisition criteria.
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