Craig Capital Corporation

We invest $4 - $25 million of equity per transaction in contrarian leveraged buyouts ("LBOs"). Often, the companies in which we invest are well-managed, highly profitable businesses, but they are underappreciated because they are: ▪ in out-of-favor industries (e.g., secondary lead smelting, textiles, contraception), ▪ difficult to finance (e.g., have highly irregular sales, have few tangible assets, have environmental or other litigation concerns), ▪ missing a crucial member of senior management, ▪ discontinued operations of major corporations, and/or ▪ tainted because they were in "busted auctions." We add value primarily in the following two ways: ▪ by giving management teams the resources (e.g., money, people) necessary to grow their businesses, and ▪ by changing people's perceptions of the portfolio companies (i.e., making our businesses appealing to mainstream investors).