Strategy

Investment Philosophy

WBCP is a value-added, lead investor pursuing companies and industries with superior growth prospects in partnership with outstanding management teams. While we do not require ownership control, our professionals work closely with management teams as partners to ensure long-term success. WBCP’s practice is to take a strong leadership role throughout the investment and post-transaction process. Although WBCP plays an active role in assisting each portfolio company, we rely on the capable management team for the day-to-day control of the operations of the company.

Investment Profile

Each investment opportunity will have its own intrinsic merits and risks. In general, we will pursue investments in companies that have several of the following characteristics.

• Experienced and effective operating managers who are motivated by equity returns and who are willing to make a significant personal financial commitment to the success of the investment.
• Distinct and defensible competitive advantages, including large market share, low-cost production, proprietary products or processes, high barriers to entry and superior distribution capabilities.
• Operate in markets and industries that are rapidly growing and/or fragmented and attractive for consolidation or are emerging due to shifts in technology.
• Well-considered plans for the productive use of capital.
• Attractive opportunities for liquidity in a three- to seven-year time period.

Investment Size & Company Criteria

Generally, WBCP will invest between $5 and $25 million in a portfolio company, with venture and expansion financings at the lower and middle portions of the range and recapitalizations and buy-outs at the higher end of the range.

Venture and expansion capital financings will generally be in company’s that have achieved proof of concept and revenues of $10 million. Recapitalization and buy-out opportunities will be with companies with revenues and EBITDA exceeding $20 million and $5 million, respectively.

Although WBCP expects to take a strong leadership role throughout the investment and post-transaction monitoring process, we do not require control, though we do prefer to be the lead investor.

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