Investment Criteria
Segments of the Consumer Industry
- Retailers – specialty stores, department stores, branded apparel, mass merchandisers, drug stores, discount chains, convenience and dollar stores, and food retailers
- Wholesalers and manufacturers – branded consumer companies in soft goods, home décor, furniture, consumer staples, branded food, luxury goods, apparel, gifts, accessories, and toys
- Distributors / consumer service – logistics management, in-store service firms, and outsourced service providers
- E-commerce and M-commerce platforms coupled with or independent from brick and mortar retail organizations
Key Investment Characteristics
- Well-developed, sustainable brand equity
- Strong consumer recognition, competitive or premium pricing potential
- Multi-channel distribution potential
- Leading or defendable market position
- Some level of critical mass / infrastructure
- Favorable demographics and growth trends
- Differentiated value proposition
- Growth and margin improvement potential
- Brand, channel and / or geographic expansion opportunities
- Opportunities for improvement in marketing and customer relationship management, sourcing or manufacturing
- Strong ROI model that can be replicated
- Achievable investment thesis with PCRP’s active assistance
Types of Situations
- Management buyouts / recapitalizations
- Ownership transition
- Subsidiary divestitures
- Partial recapitalizations
- Growth capital
- Later-stage growth companies
- Capital and operational expertise to facilitate growth
- Turnarounds and restructurings
- Situations that favor PCRP’s operational expertise and rapid response
- Companies that have temporary operating or financial problems, but sound fundamentals