ONCAP

About

In November 2016, ONCAP raised ONCAP IV, a US$1.1 billion fund. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered small and medium-sized businesses that are market leaders and possess meaningful growth potential.

ONCAP’s philosophy is predicated on partnering with great management teams, applying appropriate capital structures and working to create shareholder value at each operating company over the long term. ONCAP typically makes fewer investments than most other private equity firms and leverages the resources and experience of the ONCAP team and Onex Corporation to make every investment successful.

Source: ONCAP

Strategy

ONCAP considers investment opportunities in a wide range of industry sectors that include many of the following characteristics (all amounts in US$):

Headquartered in North America
Target enterprise value: $50-$500 million
Target equity investment: $20-200 million
EBITDA: in excess of $5 million
Significant ownership position (including minority investment)
Management team interested in ownership stake
Strong, sustainable free cash flow
Market leadership in fragmented industries
ONCAP invests in companies that offer meaningful organic and add-on acquisition growth opportunities. These investment opportunities are typically event driven and include, but are not limited to:

Complete or partial sale of a closely held private company
Sale of non-core asset by a larger corporate owner
Company seeking equity capital to pursue key strategic initiatives
Public company undertaking a going private transaction

Industry Focus
ONCAP focuses on investments in three industry verticals: Consumer, Industrials and Services. As part of the process to identify investment opportunities, the ONCAP team devotes considerable resources to identify and develop a strong understanding of these industries and their risk factors and growth potential.

Source: ONCAP