Plexus provides capital to high performance middle market companies located primarily in the Southeast and Mid-Atlantic. Under a co-investment situation, Plexus will expand its investment geography east of the Mississippi River. The Fund focuses on investments structured as subordinated debt with detached equity warrants. Its capital is used to fund organic growth, add-on acquisitions, leveraged buyouts, management buyouts, stock repurchases, and minority recapitalizations. The Fund has no specific industry focus preferring to invest in a variety of industries, including business services, consumer services, healthcare, manufacturing, value-add distribution, government contracting, and other basic industries.
Plexus will not invest in seed or early-stage companies, as its focus is on later-stage, seasoned businesses with positive cash flow. It is the Fund’s objective to invest in companies that have strong management teams with personal equity at risk, positive and recurring cash flow, a large market opportunity, and a need for capital to execute their business plans. The typical company in which Plexus invests has minimum annual revenue of $10,000,000 and EBITDA of $1,000,000 or greater. Plexus invests capital in the form of equity; however, this is typically a small amount alongside a much larger subordinated debt investment. The principals at Plexus have strong relationships with traditional private equity funds and can make introductions to these funds, if appropriate, when a large amount of equity is required.
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