Citron Capital remains an active and committed acquiror of ongoing enterprises at all stages. Our Venture Buyout & Acquisitions group targets underperforming and non-core businesses, product lines, and divisions from public and private companies in the software, services, devices, and broad communications and media sectors.

Our Venture Buyout & Acquisitions group considers a broad range of acquisition, roll-up and spinout opportunities. However, we specifically look for businesses that have demonstrated revenue traction, a product or service offering focused upon a large and addressable market, robust IP and/or patents, and an installed base of solid and referenceable customers.

It is often not critical that the businesses we pursue be cash flow positive or leaders in their respective industries. What is important, however, is that these opportunities have the potential to be leading, stand-alone operating companies and that we can identify how our broad capabilities in operations, mergers and acquisitions, and strategy can maximize the value of these enterprises.

Capital allocation

Approximately 40% of the capital base of Citron Capital I, L.P. is allocated to the venture buyout and acquisitions activities. The firm's target acquisition size is between $10 million and $100 million; however, larger and smaller transactions are considered on an opportunistic basis. The firm seeks to leverage its international footprint and deep cross-border market knowledge to enable companies to execute creative transactions to further their strategic objectives. Often, this can mean directly acquiring a company's out-of-favor, "orphaned", or underappreciated assets. We are also acquirors of stand-alone businesses or divested subsidiaries whose value we believe will be enhanced by a restructuring of their debt or operations, a combination with other Citron Capital portfolio companies, the development and execution of new strategic initiatives, and/or a refocusing of attention and resources upon certain proven core competencies.