Investment Strategy

Criteria

Audax Senior Debt invests in debt securities of middle market companies with stable cash flows, conservative capital structures and private equity ownership.  We will selectively participate in larger transactions that meet our credit and return thresholds.

Target Investment Company Profile

  • EBITDA: $10 million – $50 million
  • Revenue: $50 million – $500 million
  • TEV: $75 million – $600 million
  • Term loan size: $50 million – $300 million

Selected Industries

  • Business Services
  • Chemicals
  • Consumer
  • Energy
  • Healthcare
  • Industrial
  • Infrastructure & Building Materials
  • Technology, Media & Telecom

Potential Tranches Include…

  • First lien term loans
  • Unitranche facilities
  • Last out facilities
  • Second lien term loans
  • Mezzanine / unsecured debt