Investment Profile
JMI Equity looks to partner with companies in growing industries that have an abundance of market opportunities, modest capital requirements, low cost of goods sold and high barriers to entry and switching costs. Additional detail on the types of companies we focus on is provided below.
Industry Specialization
- Software
- Internet
- Business Services
- Healthcare IT
Leading Growth Companies
- High growth
- Strong management team as a partner
- Established businesses with proven business models
- Rich intellectual property that addresses difficult business problems
- Deep domain expertise and vertical industry-specific knowledge
- High competitive market share or emerging market share
- Recurring revenues, high gross margins and low capital expenditures
- Attractive cash flow generation or potential
Flexible Transaction Structures
- Often first institutional capital
- Capital to fund growth, acquisitions, recapitalizations, buyouts, going private transactions and PIPEs
- Minority and majority stock purchases from owners
- Invest as a minority investor and as a controlling shareholder
Investment Size
- $10 million to $100 million in equity
- Significantly larger amounts in partnership with our Limited Partners
Geographic Preferences
- Primary focus on North America
- Investments in companies in 22 U.S. states and Canada