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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

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