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focus
Littlejohn is a control-oriented investor in mid-sized companies, typically those with revenues in the range of $150 million to $800 million, which are experiencing a fundamental change in capital structure, strategy, operations or growth. In general, we invest in companies that are performing below industry benchmarks, or offer untapped operating or growth potential. To achieve its return objectives, Littlejohn implements two investment strategies. For control investments we seek to invest $50 million to $100 million of equity per transaction. For non-control positions, the firm will take minority equity positions as well as purchase debt and other junior securities in secondary markets. Due to the intensive hands-on nature of its investment approach in control investment, Littlejohn generally undertakes no more than three or four transactions per year. At any one time, the control portfolio will typically consist of eight to twelve companies. The firm has particular interest in industries in which the principals have considerable experience, including industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, electronics and electrical products, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. Littlejohn avoids investments in fashion and retail industries, as well as real estate and highly sophisticated technologies. Generally, the firm focuses on investments in the United States, but will consider opportunities in Canada and Europe. |
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