Lovett Miller & Co.

Lovett Miller & Co., based in Florida, provides growth capital and shareholder liquidity for rapidly growing, privately-held companies, with a particular emphasis on technology-enhanced services and healthcare companies. The Firm invests in a broad range of financings including (1) growth capital, (2) minority shareholder liquidity transactions, and (3) growth buyouts. Lovett Miller & Co. typically invests $3 to $10 million in equity per company, although it is willing to consider both smaller and larger equity investments. Investment Criteria Lovett Miller & Co. actively seeks to make $3 to $10 million investments in privately-held companies experiencing high growth in their respective industry segments. The firm provides expansion capital as well as capital for shareholder liquidity. The firm's approach is to invest in companies that have a product or service edge, which will enable them to become industry leaders. Typical characteristics of a Lovett Miller & Co. investment include the following: ▪ Stage of development: Lovett Miller & Co. primarily invests in companies that have proven customer acceptance of their product or service. Companies typically have run-rate revenues of between $1 million and $50 million at the time of the firm's initial investment. Approximately one-half of the companies are already profitable at the time of initial investment. ▪ Industries: The firm has experience and contacts in a diverse range of industries such as Technology products and services; Healthcare services and devices; Business Services; Consumer and retail companies; and Financial Services firms. ▪ Market Size and Growth Rate: Lovett Miller & Co. prefers to invest in companies that serve large and growing national or international markets. ▪ Location: Lovett Miller & Co. primarily invests in companies domiciled in the Southeastern United States and Texas.