Anchorage Capital Group's Investment CriteriaAnchorage targets...

Anchorage Capital Group's Investment Criteria

Anchorage targets investments with the following attributes:

Industries

Well established in their sector with strong brand recognition
Will consider any industry (with a few exceptions outlined below)
- Not high technology, direct real estate or mineral exploration businesses
- Not start up or early stage investments

Scale and Position

- Businesses with significant size: $50m - $150m enterprise value, or larger with co-investment
- Opportunities with a turnover of at least $50 million, with a preference for larger transactions
- Significant market share, or dominant strategic niche
- Strong and industry recognisable brands
- Established pathway to the customer

Financial Position

- Businesses that are underperforming and in need of extensive operational change to achieve their potential
- While underperforming, usually EBITDA positive, or with a history of profitability, prior to a deterioration in performance

Management

- A high quality management team is in place to execute the turnaround program
Anchorage have a track record of hands on collaboration with management to drive performance improvement

Geographic focus

- Opportunities in the Australian, New Zealand and SE Asian markets

=> So how many boxes does Forge tick on the above?