Our Debt and Equity Strategy

Flexible Capital Solutions for the Lower Middle Market

From inception, Plexus has invested debt with equity co-invest in support of independent sponsors, search funds, and private equity funds.

Through this strategy, Plexus has deployed over $1.9 billion into over 165 platforms where our capital was used in independent sponsor transactions for one stop financings or debt with a minority co-investment alongside search equity investors or private equity funds.

The focus on deals with $2 million to $15 million of EBITDA allows Plexus to provide standalone investments of $5 million or write larger checks and grow with the platforms via delay draw facilities. Plexus has invested up to $75 million in a single platform.

Investment Criteria

Geography

  • Platforms – North America
  • Add-ons – Global

Investment Size

  • Up to $40 million for initial investment
  • Can provide co-invest for LPs for larger amounts

Investment Types

  • Debt
  • Equity (Majority or Minority/Preferred or Common)
  • Delay Draw Facilities

Company Characteristics

  • Up to $150 million Revenue
  • Up to $15 million EBITDA
  • Minimum EBITDA of $2 million at Close
  • Strong Market Dynamics
  • Sustainable Positive Cash (Unless ARR Driven)
  • Committed Management
  • Proven Business Strategy

Use of Proceeds

  • Acquisitions
  • Growth
  • Leveraged Buyouts
  • Recapitalizations
  • Managed Buyouts
  • Minority Recapitalizations

Sector Focus

Business Services

Retail & Consumer

Healthcare

Niche Manufacturing

Value-Added Distribution

Software & IT Services

Key Contacts

Mike Becker, Partner
919-256-6342
mbecker@plexuscap.com

Cameron Coley, Principal
919-256-6353
ccoley@plexuscap.com