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INVESTMENT STRUCTURE

Ligavi Strategy

Shared-control, partnership transactions with primarily Founder-led or Family-owned companies.

  • Businesses that are capitalizing on or navigating periods of corporate change
  • Seeking growth or repositioning investment opportunities – focused on scaling (“imagine”) and/or transforming (“re-imagine”) businesses
  • Targeting companies with an identified inflection point in value that can be catalyzed via financial and human capital
    • $40-300 million in Enterprise Value Target Size
    • Break-even – $30 million in Initial EBITDA Target Size
  • Typically the first institutional investor in companies where the owners and management have a material equity stake in the enterprise
  • Theme-based approach concentrated within our Core Industries – target areas of evolutionary corporate change or inefficient market segments (what we call “Market Seams”)
  • Differentiated sourcing capabilities – leverage our Operating Partner Network of prominent industry executives to source investments outside traditional channels. Avoid auction transactions
  • Flexible capital – investments often combine preferred equity and credit securities
  • Strong human capital and operations capability via the Firm’s Spica Alpha Unit:
    • Pivot corporate strategy to accelerate growth
    • Upgrade management teams and assist in founder transitions
    • Enhance business processes
    • Implement technology to scale productivity alongside growth
    • Source M&A opportunities to complement organic growth
Zippy shell bg
VSP III
Jun 2015
SECTOR
Niche Industrials
ASSET TYPE
Structured Equity

Founded in 2007 and headquartered in Georgetown, Washington D.C., Zippy Shell is a leading containerized moving and storage service provider to the residential, commercial and military market segments.  Zippy shaell provides an integrated service offering across the US operating under both the X and X brands.

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Ygrene
VSP III
Jun 2014
SECTOR
Specialty Finance
ASSET TYPE
Asset-Based / Structured Equity

Founded in 2010 and headquartered in Petaluma, California, Ygrene is a market innovator and the leading, multi-state provider of residential, multifamily and commercial property assessed clean energy financing ("PACE").

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Volta bg
VSP IV
Oct 2016
SECTOR
Media
ASSET TYPE
Structured Equity

Founded in 2012 and headquartered in San Francisco, California, Volta provides outdoor advertising stations to clients through its network of prominently sited and free electric car charging kiosks. The Company has signed agreements with large retail landlords and retailers in the U.S. to carry the Volta charging station at their locations. Volta currently has more than 300 locations in Hawaii, Los Angeles, San Francisco, Phoenix, San Diego and Chicago.

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Healthcare
VSP III
Jan 2015
SECTOR
Healthcare
ASSET TYPE
Structured Equity

Founded in 2003 and headquartered in Morrisville, North Carolina, Clinipace is a global, full-service clinical research organization (CRO) serving the needs of specialty pharmaceutical, biotechnology and medical device firms.  Clinipace enabling customers to advance drug candidates through the development pipeline thereby delivering successful stakeholder and patient outcomes.

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Meric tuna 186605 unsplash
VSP III
Sep 2015
SECTOR
Specialty Finance
ASSET TYPE
Asset-Based / Structured Equity

Founded in 2009 and headquartered in Rayville, Louisiana, Ag Resource Management is an agriculture lending platform and crop insurance brokerage with operations throughout the United States.

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