| We will acquire a financially stressed company's debt as a vehicle to restructure and ultimately own equity securities in the company.
Industrial Renaissance seeks financially troubled companies with revenues of $50 million to $500 million that exhibit the potential for operational improvement, but are underperforming for such reasons as over-leveraged balance sheet, lack of working capital, poor cost controls, absence of a management leader or gaps in team, macro-economic factors outside their control, economic downturns, and changes in the business cycle.
We will acquire discounted bank debt, fixed income securities, and obligations of these financially stressed companies. We will shape, or work with other prominent institutions to influence, the financial restructuring of a company and re-constitution of its balance sheet. We are a solution for financial institutions' unproductive assets and middle market companies in need of capital and a restructuring strategy.
Investment criteria: belief that the company, with the proper balance sheet and management, will be successful and an attractive company to own.
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