Crest Point is a privately held investment fund focused on acquiring, developing and actively managing a single small-to-medium size business with revenues of $5 to $30 million.

“The best way to predict the future is to create it.”
– Peter F. Drucker

“Management is doing things right; leadership is doing the right things.”
– Peter F. Drucker

“Most of what we call management consists of making it difficult for people to get their work done.”
– Peter F. Drucker

Crest Point is focused on acquiring a single, privately held business from a committed seller who is looking for full or partial liquidity.

I am not a private equity sponsor, nor am I a strategic acquirer. I am looking for owners who wish to exit their business but still greatly value long-term success of their company. My aim is to work directly with the business that you’ve successfully built and continue to see it grow and thrive for years to come.

Commitment

Hard work, dedication and staunch commitment got you to where you are today. I understand this, and I will strive to protect these standards as we move forward. You can be confident that I will be 100% dedicated to your company, your employees and your customer relationships.

Legacy

I want you, the owner, to sell with confidence, knowing that your legacy and the values you’ve created and instilled in your business will continue to flourish.

Confidence

Crest Point has an extraordinary group of limited partners. These seasoned veterans bring with them a wealth of knowledge and decades of success. These partners are comprised of successful entrepreneurs, operating executives and skilled investors who have all been leaders in their industries.

The Crest Point Approach

It is important to me to ensure minimal disruption to any daily operations so we proceed discreetly and efficiently. Recognizing that a lengthy diligence process puts unnecessary strain on the business, we will work to complete the acquisition within an agreed upon time frame. Rest assured, there is strict confidentiality throughout the process.

Success for the owner, employees and customers is important to me. I offer a much different approach than the typical private equity group or strategic buyer. I am 100% focused and committed to furthering your business and ensuring its long-term future success.

Private Equity

Maximize returns; extensive portfolio

Institutional investors such as pension funds or endowments

Part of portfolio

Typically 4 – 6 years depending on fund’s life

Cutting overheads; transfer of knowledge

Institutional investor and lender driven

Dependent on strategy but overheads are cut

Often 2-3 year tie-in

Crest Point

Investment Strategy

Long-term growth and enhancement of the business

Source of Capital

Diverse, proven, successful entrepreneurs, investors, and operating executives

Level of Commitment

100% commitment. Single acquisition. Dedicated board.

Investment Time Horizon

Long-term without any predefined exit deadlines

Value Creation

Operational improvements; revenue growth

Deal Structure

Flexible deal structure to meet seller’s needs

Employee Outlook

Critical to success

Owner Tie-In

Owner can leave after reasonable transition period

Strategic Buyer

Cost cutting and synergies through integration

Public and/or private funds

One of many business divisions

Varies

Cost reduction; financial engineering

Terms to protect acquirer’s interests

Varies

Often 2-3 year tie-in

At Crest Point mutual success is very important to me. I understand the time, dedication and perseverance it took for you to reach your current position and I will work tirelessly to ensure its continued success.

Potential companies must meet some of the following criteria:

  • Preferred Financial Characteristics

    • Annual revenues of $5 – $30 million
    • Cash flow greater than $1.5 million
    • Recurring or repeat revenue streams
    • 3+ years of continuous profitability
    • Low CAPEX
  • Preferred Industry Characteristics

    • Growing industry or industry segment
    • Service-based business model
    • Low cyclicality
    • Fragmented industry
  • Preferred Company Characteristics

    • Privately-owned with a strong reputation
    • Diverse customer base
    • Identifiable competitive advantage
    • Loyal and dedicated employees
    • Strong middle management
  • What Kind of Sellers

    • Owner seeking liquidity
    • Owner seeking to combine succession with business continuity
    • Serial entrepreneur seeking transition to next venture
    • Non-management shareholders looking to divest ownership

I offer a unique exit that ensures peace of mind, knowing that your business will continue to grow and tied to long-term goals, while maintaining a commitment to the values you have instilled in the business.

As an independent fund focused on a single acquisition, my structure and requirements are highly flexible, adding benefits that traditional private equity firms cannot, with my only hardline requirement being a controlling interest.

Crest Point offers owners an attractive exit opportunity, growth capital and the dedication to continue to grow the company.

Crest Point is also able to provide the opportunity for an owner to retain equity if so desired. Helping you ensure that your company is in good hands.

Bramley Johnson, Principal

“My passion is collaboration, creativity and entrepreneurship. I’m not an ex-banker or an ex-private equity guy. I’m a driven person who believes very strongly in honesty, integrity and the meaning of a handshake.”

Before founding Crest Point I worked in a variety of roles in the entertainment business. I worked on projects that ranged from five figure budgets and teams as small as eight to multimillion-dollar projects with over one hundred personnel. I have been directly in charge of negotiating talent and crew contracts, managing budgets, sourcing locations and executing projects from inception to completion. I also helped found the critically acclaimed Downtown Film Festival – Los Angeles.

In 2011 I left entertainment to pursue my Executive MBA at the Peter F. Drucker School of Management. While there I founded the Entrepreneurship and Venture Capital Club. In 2012 I won election for class president and proceeded to implement the largest changes to processes and programs in over a decade, and they are still in place today.

In my free time I’m an avid deep country ultralight backpacker, a photographer and a skier.

Crest Point is fortunate to have a very experienced team of limited partners. These partners are comprised of successful entrepreneurs, operating executives and skilled investors who have all been leaders in their industries.

Below are a select few bios of the more than fifteen limited partners of Crest Point:

“Effective leadership is not about making speeches or being liked; leadership is defined by results, not attributes.”

— Peter F. Drucker

Mr. Asen graduated from Harvard College in 1966. He spent many years in the venture capital industry, successfully managing a family of funds for a wealthy New York investor. He is currently investing solely for his personal account, managing a portfolio of public and private equity investments. He sits on a number of corporate as well as not-for-profit boards.

Craig Burr has devoted his career almost exclusively to venture capital and private equity activities, having founded Burr, Egan, Deleage & Co., a private investment firm. Previously, Mr. Burr was a partner at TA Associates. He has been a member of the Board of Directors of the New England Venture Capital Association and serves on the Boards of Directors of several private companies. Mr. Burr received his BA, cum laude, from Harvard College and his MBA from Harvard Business School.

Bill is founder and General Partner of Alta Communications and Marion Equity Partners, Massachusetts-based venture capital firms. He founded Alta’s predecessor firm, Burr, Egan, Deleage & Co. in 1979, and has identified and backed several of America’s leading growth companies in the information technology, life sciences, and communications industries. Prior to founding Burr, Egan, Deleage & Co., Bill was a Partner at TA Associates. He began his career as a Manager of Venture Capital for New England Enterprise Capital Corporation.

He is past President and Chairman of the National Venture Capital Association, a former trustee of Fairfield University and the University of Pennsylvania and a former member of the Board of Overseers of The Wharton School. He is a member of the board of directors of CRH plc. Bill is also a trustee of the Isabella Stewart Gardner Museum and the Duniry Foundation.

Bill received a degree in Economics from Fairfield University and an MBA from The Wharton School.

Rob Johnson is a successful entrepreneur and Europe-based private equity investor. He is currently a partner at Delta Partners in London and serves on the Advisory Board of Palamon Capital Partners and the Investment Committee of Freelands Ventures, both in London. He has served as a director of numerous private companies, including search funds and their operating companies. He co-founded, ran and sold a venture-capital-backed information company in the United States. He has taught the Entrepreneurial Finance course at IESE Business School in Barcelona for fifteen years and founded the International Search Fund Center at IESE. Prior to that he was on the faculty of London Business School for ten years. Rob is a graduate of Davidson College and holds an MBA from the Darden School, University of Virginia.

Frank Kenny founded Delta Partners in Dublin in 1994, having previously worked in the VC industry with Burr, Egan, Deleage & Co. in Boston from 1983 to 1993. He was on the Board of many private technology companies in the US and was on two NASDAQ Boards, Abacus Direct Corporation and Vivid Technologies Inc. from 1989 to 1999.

Frank currently serves on a number of private Boards, including Advanced Surgical Concepts, Dublin Aerospace, and Neoss. Frank holds a B. Comm. and M. Econ. Sc. from University College Dublin and an MBA from University of Chicago.

Ted McCarthy owned and successfully operated manufacturing firms that dealt in products sold globally beginning in 1982. The businesses were managed for growth using innovative techniques for process improvement and market expansion. He left manufacturing in 2012 and now concentrates on investments, particularly Search Funds. Early in his career Ted worked for Citigroup’s consumer businesses in New York, Sydney, Australia and Los Angeles. He has served on the boards of several private companies and charitable organizations. Ted received a BSME from Villanova University and an MBA from the University of Pennsylvania’s Wharton School.

Co-founding Managing Director of Relay Investments, based in the Boston office. In early 1993, Sandro, along with Gunnar Bjorklund, Martin Steber and Nick Babchuck, co-founded Sverica International, where Sandro spent 20 years as a co-founding Partner. He currently serves on the company boards of Ackerman Security Systems, and Oasis. Mr. Mina also serves on the board of the Swedish School of Boston.

During Sverica’s early days, Sandro served as President and CEO of Cameraworld.com, one of Sverica’s pre-fund portfolio companies, acquired under a modified search fund model. Since 2001, Sandro has been an investor in over 80 search funds, over 30 of which at Relay Investments. In earlier careers, Mr. Mina worked in the public and private sectors in a number of industries, including technology (United Nations Computing Centre and Storage Technology), banking (Citibank, Goldman Sachs & Co. and VISA) and telecommunications (consultant for a large European company).

Mr. Mina earned his BSc degree in Computer Engineering from Imperial College at the University of London and his MBA degree at the Graduate School of Business at Stanford University.

Maurice Pinto (80) is a US citizen based in London (UK) for many years. For over 30 years, Pinto has been an “angel investor”, having built up a portfolio of interests in over 30 small and medium sized companies in the US and the UK.

In the late 1960s Pinto was a founder of Sea Containers, one of the first container companies which introduced shipping containers around the world and became one of the industry leaders over the following 50 years.

In 1991, Pinto was a founder and chairman of SDX, a UK supplier of customer premises telephony equipment which was ultimately sold to Lucent, at the time a major US` competitor. The investor group, led by Pinto, invested a total of GB Pounds 1,000,000 ($1,600,000 at the time). An IPO was successfully launched in 1996 on a GBP 60 million valuation and sold out to Lucent in 1998 on a GBP 110 million valuation.

More recently, in 1999 Pinto provided all the financial backing (GBP 250,000) for the creation of the UK’s major smoothie company, Innocent. The Company has now been sold 100% to Coca Cola on a valuation in excess of GBP 250 million.

Pinto is a graduate of Harvard Business School and for several years was a part time instructor at London Business School.

Kirk Riedinger co-founded Alta Colleges, Inc., in 1987. He currently serves as Chairman of the Board of Directors (since 2006) and previously served as Executive Chairman of Alta Colleges (1995-2006). As Executive Chairman he was responsible for developing and managing the company’s strategy, sales, marketing and acquisitions. Prior to that he served as President of Alta Colleges from 1987 to 1995.

He has served as a member of the Governor’s Commission on Science and Technology (Colorado), a member of the Board Nominating Committee and a member of the board of the Association of Private Sector Colleges and Universities (APSCU). In 2010 he was elected to the Board of Directors of The Community School, a private, independent school, and to the Board of the Sun Valley Center for the Arts.

Kirk was a finalist in the Rocky Mountain Region Entrepreneur of the Year in 2002 and is a member of the Mile High United Way Tocqueville Society. He has coached youth soccer for many years and was active in Boy Scouts in Denver, Colorado.

He earned his BA in International Relations from Stanford University and his MBA from Harvard Business School.

Gerald Risk is Vice-Chairman of Asurion, the world’s largest provider of technology protection services, partnering with the world’s top companies and brands to serve over 200 million customers globally. Prior to serving as Vice-Chairman, Gerald served as Asurion’s President from 2009 to 2013 and Asurion’s Chief Financial Officer for the 10 years prior to that.

Gerald is an active investor and mentor of entrepreneurial leaders in the for-profit and non-profit worlds. In this capacity, Mr. Risk currently serves on the Board of Directors of Carillon Assisted Living (provider of assisted living services in the Southeast), Sunrun (national provider of residential solar services), and QMC Telecom (Latin American focused wireless infrastructure provider).

Prior to joining Asurion, Gerald worked as an investment banker with Goldman, Sachs & Co. in San Francisco, Hong Kong and New York. Mr. Risk has also worked for Hambrecht and Quist and the private investment arm of Toronto Dominion Capital.

Mr. Risk holds an MBA from the Graduate School of Business at Stanford University, where he was an Arjay Miller Scholar and where he served as a case writer for Jack McDonald, the Stanford Investors Professor of Finance. Mr. Risk also holds a Bachelor’s Degree in Commerce with honors from Queen’s University in Canada where he was on the Dean’s List.

Mr. Risk lives in the San Francisco Bay Area with his wife and two sons.

Peter Schober has been in venture capital since the mid-1980s. He founded and runs Milk Street Ventures which specializes in secondary transactions involving the acquisition of stakes in venture-backed technology companies near liquidity events. Earlier in his career, Mr. Schober started and ran the international investment activity of Boston-based M/C Partners with an office in London, during which time he helped develop the business plan and recruited senior management teams for several sizeable telecommunications start-ups with recurring revenue models. He also co-founded MVP Ventures, where he invested in a wide range of sectors, including information technology, communications, hospitality, and industrial.

Throughout his career, Peter Schober has enjoyed working closely with entrepreneurs as they grow their businesses, frequently serving on their board of directors. Backing highly talented and ambitious search fund entrepreneurs is a natural extension of his interests and an important component of his personal investment activity. Mr. Schober grew up in Europe and earned a bachelor’s degree in international economics from Georgetown University’s School of Foreign Service and an MBA from the Wharton School of Finance at University of Pennsylvania, where he also was a Fellow at the Joseph H. Lauder Institute.

Co-founding Managing Director of Relay Investments, based in the Montreal office. In early 1993, Martin, along with Gunnar Bjorklund, Sandro Mina and Nick Babchuk, co-founded Sverica International. During his early tenure, Mr. Steber was CEO of two pre-fund investments in Birmingham, Alabama, Automatic Detection Systems Inc, an electronic security company, and AccuDocs LLC, a billing services company. Both of these entities were acquired under a modified search fund model and eventually sold to larger industry leaders.

Later, Mr. Steber was actively involved in raising Sverica’s first and second private equity funds. Mr. Steber retired from Sverica in late 2007. He currently serves on the board of directors of Ackerman Security Systems, OASIS, OLFMI and Draht + Schutz Unternehmensgruppe. Mr. Steber also serves on the board of directors of several companies acquired by search funds.

Mr. Steber completed his BSc in Computer Engineering from Imperial College at the University of London and his MBA degree at the Graduate School of Business at Stanford University.

An entrepreneur by background and the first person to raise a search fund outside of the USA. Simon raised his fund in the UK. HE acquired RSL in 1995 and he became the chief executive. Over a 10 year period Simon built the organization, from sales of £3.5m to £30m and staff from 50 to 450. This growth was achieved through organic growth and via acquisitions. Simon delivered an IRR to investors of 20% pa over this period.

Simon is now an investor and is focused on the healthcare and pharmaceutical sectors. As a partner in Ivy Partners he purchased MTIS, a business that provides services to pharmaceutical companies in 2011. He contributed to the turnaround of this business and remains a shareholder.

In December 2012 he led the acquisition of the healthcare business of Remploy. This business was generating a loss in excess of £3m, After restructuring and divesting part of the business, the company is now profitable and growing.

Simon remains committed to search funds and he guest lectures at the London Business School, INSEAD and IESE. He has invested in more than 10 search funds and is currently a mentor, investor and or non-executive director to several search fund enterprises.

Jan graduated from MIT Sloan with an MBA in 1997 and joined Merrill Lynch Investment Banking in New York until 1999 when he joined the Merrill Lynch Merger and Acquisitions Group in London where he worked until 2002 as a Vice President.

In 2004 Jan acquired Funa Nachrichtentechnik GmbH in Emden, Germany with a group of investors and became the Managing Director of Funa.

Between 2004 and 2010 was in charge of Funa and successfully implemented a buy and build strategy and diversified the company into new geographical markets and new customer segments.

The Company was sold to L-3 SAM in December 2010. As part of the deal Jan remained Managing Director of Funa and was a Board Member of SAM Electronics until December 2012 when he left Funa.

Since January 2013 Jan has invested in various Companies, some of them through search funds and sits on several Boards of the companies he has invested in.

Crest Point

ph: 310-924-7341

info@crestpointllc.com

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