Download a PDF About Us - Monomoy Capital Partners
Download a PDF About Us - Monomoy Capital Partners
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<strong>Monomoy</strong> <strong>Capital</strong> <strong>Partners</strong><br />
Guiding your business and capital to safe harbor<br />
THE MONOMOY SWEET SPOT:<br />
• Companies with $50 to $500 million of sales<br />
• Add- on transactions with $5+ million of sales<br />
• Equity investments of $10 to $75 million<br />
• Performers, underperformers, and turnarounds<br />
• Diverstitures, family businesses, restructurings<br />
• Companies that matter to their customers<br />
• Manufacturing, distribution, consumer products<br />
• Any business we can help make better<br />
We can close difficult transactions in as little as 30<br />
days without reliance on third-party financing<br />
Right now, you’re probably looking for assurances.<br />
Assurances that markets will continue to recover, that<br />
industry will rebound, that your business will prosper<br />
in the next economic cycle.<br />
The economy will eventually right itself. In the<br />
meantime, you need a genuine partner - a partner<br />
that will stand by your side, help you navigate a<br />
changing economic landscape and position you to<br />
excel in the upturn. We are that partner - for your<br />
transaction or your business.<br />
With $700 million in assets under management,<br />
<strong>Monomoy</strong> <strong>Capital</strong> <strong>Partners</strong> is a private investment<br />
firm dedicated to constructive investing and<br />
business improvement in the smaller end of the<br />
middle market. We invest in companies with $50<br />
to $500 million in annual revenues. We provide<br />
solutions in the most difficult business transactions.<br />
We create value for our investors and our<br />
businesses by giving managers of any company<br />
the financial, strategic and operational resources<br />
they need to succeed.<br />
We build profitable growing companies. We love<br />
what we do. And we’re in it for the long haul.<br />
We’re the right private equity fund for you.
<strong>About</strong> <strong>Us</strong><br />
<strong>Monomoy</strong> invests in fundamentally sound<br />
businesses that face operational, financial or<br />
business challenges. We will buy any business that<br />
we can help, both performing and underperforming.<br />
We provide the capital necessary to strengthen<br />
businesses, we work with management to make<br />
businesses better, and we provide the strategic and<br />
operational support businesses need to prosper<br />
and grow.<br />
Any private equity fund can promise to pay a few<br />
more dollars. <strong>Monomoy</strong> is a solution provider and<br />
strategic partner. We bring certainty and order to<br />
even the most chaotic sales process. Over the past<br />
five years, we have closed over 30 middle market<br />
acquisitions and our companies currently produce<br />
over $1.2 billion in combined sales. More than 5,000<br />
people work for <strong>Monomoy</strong> companies across four<br />
continents, from North America to Asia, including<br />
the world’s fastest-growing markets.<br />
Investment Criteria<br />
We invest in asset-intensive businesses that truly<br />
matter to their suppliers, customers and employees<br />
and make a difference in the markets they serve.<br />
Some face daunting challenges; others are doing<br />
well but could do better. We buy underperformers,<br />
turnarounds, and EBITDA-negative companies.<br />
And we buy healthy companies that can take<br />
advantage of further operational or strategic<br />
improvement. All of them benefit from partnership<br />
with <strong>Monomoy</strong>.<br />
Our primary focus is middle market companies<br />
with $50 to $500 million in annual sales,<br />
including manufacturing, industrial, distribution, and<br />
consumer products businesses. We review add-on<br />
transactions with companies having as little as $5<br />
million in annual sales.<br />
We can close difficult, multi-party transactions in<br />
as little as 30 days without a financing contingency,<br />
and we don’t shy away from the complicated deals<br />
that deter other buyers. We buy businesses through<br />
simple asset or stock sales, corporate divestitures,<br />
out-of-court restructurings, Article 9 transactions<br />
and bankruptcy. We work hard to involve<br />
management, employees, vendors and customers<br />
in every acquisition. And we keep our word at every<br />
stage of the process.<br />
Business Improvement<br />
<strong>Monomoy</strong> is passionate about improving every<br />
aspect of the companies we buy, and our most<br />
important job is inspiring the managers and<br />
employees of our businesses to share our passion.<br />
We are experts in financial and supply chain<br />
management, process improvement, strategic<br />
sales, and the lean manufacturing principles of<br />
the Toyota Production System. Our operating and<br />
finance professionals work alongside management<br />
in every <strong>Monomoy</strong> company to create a culture of<br />
continuous improvement throughout our portfolio.<br />
We are comfortable working with incumbent<br />
management, bringing in a new team, or<br />
supplementing management with experienced<br />
industry executives. We’re also proud of our<br />
history of working constructively with trade unions,<br />
and we often negotiate new collective bargaining<br />
agreements in connection with our investments.<br />
We believe that even the best companies<br />
benefit from our passion for business improvement.<br />
The <strong>Monomoy</strong> system works: we have never failed<br />
to eliminate waste and improve profitability in a<br />
business that we have acquired.<br />
Long-Term Vision<br />
<strong>Monomoy</strong> builds great companies, not just profits.<br />
We own our portfolio companies for as long as<br />
we can add value through business improvement<br />
or strategic acquisitions, usually from five to<br />
seven years.<br />
Throughout our ownership, we provide <strong>Monomoy</strong><br />
companies with the resources they need to prosper<br />
142 West 57th Street, 17th Floor New York, NY 10019 p 212. 699. 4000 f 212. 699. 4010 w www.mcpfunds.com
<strong>About</strong> <strong>Us</strong><br />
and grow through every stage of the business cycle<br />
– working capital management, materials sourcing,<br />
facility consolidation, manufacturing improvement,<br />
process efficiency, and product mix improvement.<br />
Following an initial period of focused product<br />
improvement and profit improvement, our companies<br />
typically extend their footprint through both<br />
acquisition and organic sales growth.<br />
At <strong>Monomoy</strong>, we make money for our investors<br />
by making the businesses we buy better. We sell<br />
our portfolio companies as healthy, profitable and<br />
sustainable businesses poised for continued success.<br />
The <strong>Monomoy</strong> Production System<br />
We work with a lot of smart people in our<br />
portfolio companies. The <strong>Monomoy</strong> Production<br />
System makes them smarter. At <strong>Monomoy</strong>, we<br />
have adapted the lean manufacturing and quality<br />
production principles known as the Toyota<br />
Production System to create a culture of continuous<br />
improvement throughout our companies. For<br />
lack of a better name, we call our approach the<br />
<strong>Monomoy</strong> Production System, “MPS” for<br />
short. Our operations group works closely with<br />
management using MPS to evaluate every<br />
business process, determine where improvements<br />
can be made, and implement a series of waste<br />
reduction projects in every company, every year.<br />
But what really sets us apart are the <strong>Monomoy</strong><br />
“boot camps” that we run throughout the<br />
portfolio. Each quarter, we bring together 15 to 20<br />
managers from across the <strong>Monomoy</strong> portfolio for<br />
two weeks of intense training on lean manufacturing<br />
and the practical “shop floor” application of MPS.<br />
Participants work in teams of five and each boot<br />
camp is held at a different <strong>Monomoy</strong> company. The<br />
<strong>Monomoy</strong> boot camps have now trained over 100<br />
team members in the <strong>Monomoy</strong> Production System<br />
and have produced off-the-chart improvements at<br />
all of our portfolio companies.<br />
The <strong>Monomoy</strong> Story<br />
Just below the elbow of Cape Cod, the <strong>Monomoy</strong><br />
Islands stretch 10 miles into the waters of Nantucket<br />
Sound and the Atlantic Ocean. Thousands of ships<br />
sank there in search of safe harbor in the 17th and<br />
18th centuries, and the treacherous currents off<br />
<strong>Monomoy</strong> forced Pilgrim settlers to enter Cape Cod<br />
Bay instead of continuing south to Virginia. In 1828,<br />
the federal government built the <strong>Monomoy</strong> Point<br />
Lighthouse to guide commercial vessels to ports in<br />
Connecticut and New York or safely out to sea.<br />
In 2005, we built <strong>Monomoy</strong> <strong>Capital</strong> <strong>Partners</strong> to<br />
help both healthy and challenged businesses<br />
navigate the currents of change. We give<br />
our companies access to the resources and<br />
expertise they need to succeed in the rough waters<br />
of commerce. We guide them to safe harbor when<br />
times are tough, we help them avoid obstacles when<br />
things aren’t going well, and we deliver them to safe<br />
passage in the course of our ownership.<br />
142 West 57th Street, 17th Floor New York, NY 10019 p 212. 699. 4000 f 212. 699. 4010 w www.mcpfunds.com