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In the increasingly
competitive private equity arena, Endeavor’s
differentiating approach remains its ability to
identify and invest in growing companies that
address large, expanding or changing markets -
no matter what stage of development - and build
value by advising management teams on strategic
and operating issues. Endeavor typically acquires
its equity ownership through direct investments
in promising companies (both buyouts and venture
investments). In addition, Endeavor purchases small venture portfolios, (direct secondaries), acquiring ownership interests in
multiple businesses from a selling individual or
institutional shareholder.
On the venture side, our target investments are
often considered too small (in investment size)
or "unpolished" by larger private equity funds. In general, Endeavor’s targeted investments
already sell products to existing customers, but
have not yet penetrated markets sufficiently to
realize their full valuation potential. In
essence, they need to manage the growth process
from successful product introduction to
mainstream market acceptance.
Endeavor also pursues small to mid-size buyouts
(transaction sizes smaller than $50 million),
where the initial business can be used as a
platform company pursuing both organic growth
and consolidating acquisitions in a specific
industry. We are particularly interested in out
of favor industries or special situations where
valuations are relatively low and a company can
take advantage of technology to materially alter
its operating economics.
In the area of direct secondaries, Endeavor
offers the ability to apply its pro-active
approach to small, industry-focused or
diversified portfolios of direct investments,
and works closely to accelerate the time to
liquidity while enhancing the value of each
investment in cooperation with company
management teams and investor groups.
Endeavor has a strong track record of investing
in a diverse group of companies and working
closely with their management teams to build
substantial value. |
