INVESTMENT CRITERIA

VFM invests in a broad range of industries and companies typically requiring capital between $5 million and $15 million.

Types of Transactions

· Internal Growth
· Acquisitions
· Buyouts of Non-Active/Passive Shareholders
· Balance Sheet Restructurings/Refinancings
· Management Sponsored Buyouts
· Majority or Minority Recapitalizations

Target Company Profile

· Proven and successful management
· Management teams with a significant equity stake in their business
· Sustainable EBITDA greater than $3 million
· Revenues between $20 million and $250 million
· Typically located in the Western United States
· Leading companies within their industry segment with defensible market positions

Target Industry Characteristics:

· Basic industries
· Positive industry dynamics
· Limited technology risk
· No fashion-related industries