Transaction Structures
Ilex acquires portfolio companies through bankruptcy proceedings, corporate divestitures, sales of family-owned businesses and ordinary asset or equity purchases. Ilex seeks to invest between $25 and $250 million of equity in each acquisition, and we have access to substantial co-investment capital for larger transactions.
Bankruptcy. We actively pursue complex bankruptcy transactions in the United States and Canada that involve multiparty negotiations with the seller, creditors, lenders, unions, suppliers and customers. We have purchased operating assets out of bankruptcy, sponsored plans of reorganization and implemented complex out-of-court restructurings.
Corporate Divestitures. We target the acquisition of orphan divisions, assets or operations from large public companies. We have achieved substantial success by providing divisional corporate managers with the capital, guidance and strategic insight necessary to execute an aggressive standalone business plan.
Family Owned Businesses. We invest in family-owned businesses that require third party capital and expertise to execute a business strategy or to provide an exit for family owners. We typically integrate existing ownership and management into these acquisitions but can, and often do, supply a new management team for retiring owners.
Other Acquisitions. We participate in a wide range of other change-in-control transactions, including the sale of equity or assets, and we will consider any transaction structure that enables us to pursue disciplined business improvement with a management team dedicated to change. |
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