How We Operate Our Core Private Company Holdings:
We Are Active Owners
We strive to be highly informed business owners, developing a detailed understanding of our businesses and their industries. We encourage managers to take a long-term perspective, work closely with them to create a shared strategic vision and business plan and empower them to execute decisively and successfully.
Re-investing in the Businesses We Own
We are attracted to companies with the opportunity to profitably re-invest capital in both their existing and related businesses. Reinvesting operating cash flow and contributing additional equity to build a business over time can often be preferable to repaying debt or paying dividends.
With a “Forever” Mindset
We make investment decisions based on what is right for a business in the long-term. Investments in talent, plant and equipment, new products and improved systems and processes are not deferred for “the next owner.”
Engaging Our Network
We maintain a global network of executives, experts, consultants, intermediaries and lenders who appreciate our approach to business and, in many cases, work with us again and again across multiple companies. Our Operating Partners have successfully run Tinicum businesses in the past and are available as advisors and mentors to our executives.
Building Value as Partners With Management
It is important to us that when we do well, our partners also do well. In every business we control, management shares in the value we create together. We always invite co-investment and provide equity or equity-linked incentives that participate in value appreciation. When our time horizon exceeds that of our management teams or co-investors, we offer liquidity opportunities at appropriate intervals.