Certain Investment Criteria That May be Employed by Tenex Capital Management, L.P.

There is no one type of Tenex transaction; instead the firm often focuses on partnering with management to improve businesses by providing strategic and operational support.

Sector: generalist investors with a focus on industries that can benefit from Tenex's operational expertise
Size: invest up to $100 million of equity in each business, including public/private standalone acquisitions and carve outs
Style: constructive collaboration with management on business transformation and growth strategies
Geography: US & Canada
Structure: require control positions, but can accommodate significant minority co-investors

Target Companies

Are operating below historical or industry standards
Have a complex operating footprint
May be in markets experiencing change or volatility
Have inefficient capital structures