What's New

2011 Fall Update

We continue to be pleased by our portfolio's strong results in contrast to the lackluster broader economy. Through the second quarter ended June 30, 2011, our portfolio companies' aggregate *revenues and EBITDA both increased over 20%* versus prior year. In the latter half of the summer, we successfully executed the "blowout" *initial public offering of Teavana* (NYSE: TEA), generating another truly "breakout" result for our investors. We remain excited by TEA's potential for long-term equity value creation as we continue to own approximately 75% of our interest in this exciting growth company. Across the board, we believe our portfolio companies are well managed and generally well positioned for continued growth through new unit expansion, selective acquisitions and other strategic growth initiatives. Read more...

2010 Year End Review

We continue to be very pleased with the strong results achieved by our portfolio companies. In 2010 our portfolio companies delivered aggregate 2010 EBITDA growth in excess of 30% following an increase of 24% in 2009. In particular, our consumer portfolio companies continued their strong trends, capitalizing on a buoyant 2010 holiday season. We anticipate comparable growth in 2011, fueled by continued new unit expansion, strategic acquisitions, and other initiatives. Read more...