partnering with us
Through the creation of custom investment partnerships, Revival works collaboratively with companies on enabling equity transactions that support a broad range of potential growth strategies. Currently, we are focused on investments across our three primary strategies of commercial scale, strategic growth, and special opportunities, described further below:
COMMERCIAL SCALE
When partnering to provide capital for commercial scale strategies, Revival looks to invest between $10 and $75 million. We aim to lead or co-lead the investment and take minority interest equity positions with at least 20% ownership.
>> Use of Proceeds
- Organic commercial scale and expansion
- Enabling inorganic scale and expansion opportunities
- IPO crossover financing
- Typically all primary capital
>> Target Investment Parameters
- Target minimum annualized revenue run rate of $5 million with forward looking revenue of at least $10 million ranging up to $50 million at time of investment
- 70-80%+ gross margins at scale
- Double digit revenue growth
- Last capital in to cash flow break-even
- Generally transact at enterprise value below $150 million
- Disruptive technology in large, high growth market
- Preference for PMA pathway or clinically validated 510(k) approved products
- Preference for technologies with platform potential
- Revenue growth and margin expansion are key value drivers
strategic growth
When partnering on strategic growth opportunities, Revival looks to invest between $50 and $125 million, with ability to scale its investment commitment up (or down) based on structural and situational considerations. We aim to lead the investment, and we assume controlling interest equity positions.
>> Use of Proceeds
- Revival looks to co-invest in a target company alongside a strategic corporate partner who either has or receives as part of the transaction a future right or option to acquire the target company
>> Target Investment Parameters
- Stage agnostic due to selection bias of strategic corporate partner
- Target assets are critical to strategic corporate partners future growth plans
- Option to acquire at pre-determined valuation triggered upon achievement of key milestones
SPECIAL OPPORTUNITIES
When partnering on special opportunities strategies, Revival looks to invest between $50 and $250 million. We typically lead or co-lead the investment, and we will consider taking both minority and controlling interest equity positions.
>> Use of Proceeds
- Tactical Capital (including private investment in public companies)
- Corporate divestitures and carve-outs
- Strategic M&A opportunities
- Buyouts (outright or acquisition of controlling interest)
- Recapitalizations / organizations
- Special situations
- Will consider mix of primary and secondary capital
>> Target Investment Parameters
- $50-500 million revenue
- Profitable or at break-even with pathway to 20%+ EBITDA margins
- Disciplined use of leverage
- Generally transact at enterprise value of $150 million to $1 billion
- High growth markets
- Profitability and cash flow are key value drivers