STRATEGY
Target Strategy
The Plimhimmon Group continues to build its book of investments by growing relationships with closely held firms who desire either an equity infusion or a change in control. Because the knowledge of the target companies is based on relationships, and is not limited to certain business types, geographic regions, or business size, the focus companies range from start-ups to mature companies with over $100 million in annual revenues. Regardless of size and industry, all target firms have sound business plans, talented management teams, appropriate levels of leverage, and commensurate implied returns on incremental invested capital.
In order to fund its activities, Plimhimmon uses a combination of its own capital, the capital of its investment partners, and an appropriate amount of leverage. As the time comes for principal investments to be made in target companies, Plimhimmon gauges interest from its investor pool, combines that equity with the appropriate levels of debt, and consummates each transaction. The time horizon for each investment varies, but ranges from 5 to 7 years, or longer, with periodic exit opportunities.
Plimhimmon selected this investment approach as it most closely aligns the firm's incentives with those of its investors and the target companies.