Approach


Corbel targets lower middle market companies who desire a minority partner to help them scale or professionalize their businesses ahead of an ultimate exit event.

 
Corbel Strategy
- Execute minority investments into profitable, well-positioned, lower middle market businesses

- Offer flexible deal structures to allow for a tailored solution to fit needs such as recapitalizations, growth capital, acquisition financing and buyout of minority shareholders

- Representative operational support initiatives include, but are not limited to, strategic planning and direction, M&A strategy and execution, business development, personnel recruitment, operational analytics, systems scoping and implementation, financial controls design and implementation.
Investment Criteria
Investments of $5-40 million in companies meeting these criteria:

- EBITDA of $2-15 million

- Entrepreneur/family-operated businesses or financial/independent sponsor involvement

- Profitable, stable and growing businesses with strong industry positions

- Identifiable growth and value creation potential

- Typical investment structures include, but are not limited to: debt plus warrants, convertible debt, and convertible preferred equity
Target Industries
Investments in a wide variety of industries including:

- Aerospace and defense
- Businesses services
- Consumer and retail
- Energy
- Healthcare
- Industrials and specialty manufacturing
- Software and technology
- Other sectors selectively

Transaction Types


Corbel makes minority investments, on a preferred or priority return basis, into profitable, well-positioned, lower middle-market businesses and provides operational support to help them scale and further institutionalize their operations. Corbel has found multiple applications for its highly flexible and operationally supportive minority capital, as illustrated by the below graphic.
corbelstructure.jpg

Partial Sale/Dividend Recapitalization
Allows owners to realize partial liquidity through a dividend at transaction close
Buyout of Minority Partner/Shareholder
Proceeds used to buy out a minority partner
Growth Capital for Under-Capitalized Company
Provides primary capital to the balance sheet to drive revenue and earnings growth and increase value for an ultimate exit
 
Creative Financing for Independent Sponsors
Provides flexible capital in support of an acquisition by an independent sponsors
Capital to Facilitate a Strategic Acquisitions
Capital is used to support a portion or 100% of an acquisition
Operations Support
Takes on the role of an operationally focused value-added partner to serve as a sounding board for management as it considers operational, financial, capital structure and M&A decisions