Investment Criteria

We have two investment platforms:


Our VO2 Partners platform invests in larger companies across the active & healthy living sector.

Our VO2 Ventures platform invests in younger companies in the healthy food & beverage sector.

Focus: Rapidly growing brands which serve the active & healthy living consumer.

  • Connector.

    Financial

    • Revenues of $10 million to $100 million.
    • EBITDA of $2+ million for buyouts; lower for growth capital investments.
    • Strong and sustainable gross margins and EBITDA margins of at least 10%.

  • Connector.

    Situational

    • Founders who recognize the benefit in the strategic, financial and operational guidance of an active partner.
    • Tangible growth opportunities, organically or through acquisitions of strategically adjacent businesses.

Areas of particular interest include:

Food & Beverage

  • Natural & Functional Foods and Beverages
  • Nutritional Supplements

Sporting Goods & Recreation

  • Specialty Sports Equipment
  • Performance Apparel and Accessories
  • Outdoor Recreation Products

Fitness

  • Health Clubs
  • Group Exercise
  • Race Events

Transaction Types:

1 Growth Capital – Investments to fund growth initiatives including business expansion, reduction of financial leverage or completion of an acquisition.

2 Recapitalization – Investments to provide owners with partial liquidity while enabling them to retain significant ownership in and operating control of their business.

3 Buyout – Acquisitions of small to mid-sized businesses or divisions of larger companies that can benefit from an energized financial and strategic partner.


Focus: Rapidly growing healthy food and beverage brands.

  • Connector.

    Financial

    • Revenues under $10 million.
    • Strong gross margins.
    • Strong sell-through.

  • Connector.

    Situational

    • Founders who are off to a great start and want close strategic and operational support to help them grow faster and more intelligently.

Transaction Types:

1 Growth Capital – Investments to fund growth initiatives including business expansion, reduction of financial leverage or completion of an acquisition.