Investment Profile
 Lucerne emphatically
believes we will only acquire firms that we believe
are reasonably priced. We identify firms for which
we can acquire a controlling interest in a select
number of established companies that can attain
superior returns over a long-term investment
horizon. By Lucerne selecting only those acquisition
targets with stable cash flows, management expertise
and proven operational history we will be able
to provide superior risk adjusted returns.
Industry: Broad industry focus in the following general market segments
Industry Position: Sustainable competitive advantage in stable or growth industries with proprietary products/brands, patents or industry niches. Growth Outlook: Anticipated company revenue growth no less than 10% with the ideal target in the mid to upper teens in a growing market segment Size: Firms that are generating between $500,000 to $5,000,000 in EBITDA; EBITDA margins of >15%: Gross Margins >20% Ownership: Controlling Interest. Lucerne invests in (i) growth capital opportunities (ii) generational changes (family related transitional events) (iii) restructuring (iiii) recapitalization Valuation: Based upon trailing 12-24 months EBITDA Investment Size: Lucerne typically likes to make initial investments between $500,000 and $10,000,000 and to provide additional capital for growth. |