Criteria
What we look for.
Our published private equity criteria, the same as on caldrion.com: established, cash-flowing businesses in North America.
Criteria
Criteria at a glance
Brokers are protected.
- Revenue
- $10M–$100M
- EBITDA
- $2M–$15MPositive cash flow required
- Margins
- >25% gross margin>10% EBITDA margin
- Geography
- North AmericaUnited States and Canada
- Structure
- Control or significant minorityMinority positions with board representation
- Transactions
- Successions, MBOs, and carve-outsFamily successions, management buyouts, corporate carve-outs, and recapitalizations
We aim to give initial feedback within 72 hours of receiving a complete package. Check fit on caldrion.com.
01How to read them
Guides, not rules.
We invest in established businesses with revenue of $10M–$100M and EBITDA of $2M–$15M, with positive cash flow, a gross margin above 25% and an EBITDA margin above 10%, based in the United States or Canada. We invest through control or significant minority stakes, in family successions, management buyouts, corporate carve-outs and recapitalizations. The ranges guide where we spend our time; they are not a promise to invest, and every investment is decided by Caldrion’s investment committee.
Caldrion is a single family office: it invests only its own capital, has no outside investors or clients, and does not offer securities.
02What to send
A complete package.
Links, not files. A complete package gets the fastest answer.
- Link to the teaser (we request the CIM under NDA)
- Link to trailing three-year financials (P&L and balance sheet)
- Overview of the ownership structure and transaction goals
03Outside our mandate
What we don’t do.
- Early-stage companies, startups and pre-revenue businesses: they are the remit of Caldrion Ventures.
- Businesses without positive cash flow, and turnarounds that depend on a rescue rather than on improvement.
- Companies based outside North America (the United States and Canada).
- Passive minority stakes without board representation.
- Strategies that depend on leverage or financial engineering rather than on operating improvement.
- Listed companies and public-market positions: Caldrion holds listed equities separately, for liquidity.
- Investing on behalf of anyone else: we invest only Caldrion’s own capital.
Criteria
Selling or recapitalizing a business?
Founders, families, management teams, brokers and bankers reach a decision-maker through one short form.