Investment Criteria

Artemis seeks to invest in entities that have unique products, in niche markets, but have been restricted from growth due to management limitations or the lack of investment and attention from a parent company that viewed the business as non-strategic.

The target profile of companies in which the Fund seeks to invest is as follows:

• Revenues of $2 million to $50 million
• EBITDA of $500,000–$5 million (typically less than $2 million)
• Proven products and established customer relationships with recurring revenue streams
• Unique and defensible products, technology and/or intellectual property in niche markets
• Growing markets with identified growth opportunities such as new customer relationships, new distribution channels and/or expansion into new markets
• Strong functional management with in-depth industry knowledge

Artemis will focus its investments on companies in the lower end of the middle market, typically with EBITDA of $500,000 to $2 million. Artemis will co-invest with others in opportunities that meet its industry criteria but require additional capital or financing.