Candescent Partners

About The Fund

Founded in 2009, Candescent Partners is a private equity firm that specializes in the lower middle market, focusing on the acquisition, growth, and recapitalization of companies within healthcare services, business services, software, consumer products, and services. They target companies that possess annual revenues ranging from $10 to $50 million and an EBITDA of $2 million or more. Candescent Partners typically makes investments of $2 million to $30 million in companies with enterprise values of $15 million to $75 million. With a history of structuring and managing over $800 million in private equity investments across 47 growth companies, their approach centers on identifying well-managed, founder-led companies in fragmented sectors and partnering through acquisition or recapitalization. They actively pursue growth through additional complementary acquisitions and organic growth strategies, aiming to establish professionally-managed enterprises poised for acquisition opportunities and further organic expansion. Their investment criteria include preferred equity, mezzanine debt, or a combination thereof, with ownership positions ranging from 50% to 100%. Candescent Partners employs a strongly aligned approach, acting as an active partner and providing advice on management best practices, facilitating resource introductions, board representation, while leaving day-to-day operations to management, irrespective of their equity ownership. The firm's specialties include expansion, management buyouts (MBO), leveraged buyouts (LBO), and recapitalization, with a goal to help their partners excel through their knowledge, broad expertise, and experience.