As long-time investors in the middle market, the professionals at Saratoga appreciate that opportunities can come in many forms. We typically make $60 million to $75 million investments in:
• Leveraged & Management Buyouts
• Recapitalizations
• Debt Refinancings
• Growth Financings
• Acquisition Financings
• Transitional Financings
• Revenues of $10 million to $150 million and EBITDA of $2 million or greater
• Strong margins and free cash flow
• Recurring revenues and stable historical performance
• Modest capital expenditure and working capital requirements
• Leading market position or niche with sustainable competitive advantages
• Exceptional management team with a meaningful stake in the business
• Growth prospects in healthy end markets
• Ability to withstand business cycles
• Aerospace
• Automotive Aftermarket & Services
• Business Products and Services
• Consumer Products and Services
• Education
• Environmental & Industrial Services
• Financial Services
• Food & Beverage
• Healthcare Products & Services
• Logistics & Distribution
• Manufacturing
• Restaurants & Food Services
• Software and Technology Services
• Specialty Chemical
• Media and Telecommunications
We take a solutions-oriented approach to investing and seek to craft capital structures that work for all stakeholders. We understand the importance of providing feedback quickly, being creative in transaction structuring, and expeditiously delivering on negotiated terms. Saratoga offers a broad range of financing solutions for our partners, including subordinated debt, first and second lien loans, one-stop and unitranche structures and equity co-investments.
We seek to partner with owners and operators of middle market businesses to help create value over the long term. Our professionals have unique experience investing in all parts of the capital structure across numerous industries. We use the perspective gained from our experience to support business owners (equity sponsors, independent sponsors, family-owned businesses) and management teams with patient capital and guidance as they execute their business plans.