NC Value Creation Fund

About the NC Value Creation Fund

Aiglon Capital will focus significant resources on investments in North Carolina.   The primary objective of the NC fund is to generate best-in-class equity returns for its key stakeholders.  A secondary goal of the fund is to support the local economy by developing and creating jobs within the state and reducing the export of capital out of North Carolina to out-of-state private equity funds acquiring NC businesses.

Current Porfolio

nestor

Nester Hosiery

Sector: Manufacturing
Headquarters: Mount Airy, NC

Founded in 1993 and based in Mt. Airy, NC, Nester Hosiery is a leading domestic manufacturer of premium performance outdoor wool socks driven by technology and sustainability.  The company produces private label, licensed, and branded socks under its Ballston Spa and Farm to Feet brands.  Farm to Feet (www.farmtofeet.com) is an ultra-premium merino wool outdoor sock that uses an all-American recipe: US materials, US manufacturing, and US workers.

Investment Approach / Investment Criteria

Aiglon Capital’s North Carolina Value Creation Fund invests in middle-market manufacturing, distribution, and services companies in both mature and growing industries.  The firm is particularly interested in investment opportunities where the management team will remain with the company, but we will also work with existing management teams who are retiring to find a suitable solution that meets the needs of the owner, employees, and customers.  We seek opportunities with the following criteria:

Sales $5 million – $200 million
EBITDA <$1 million – $20 million
Industries Low-tech manufacturing, distribution, and service companies with industrial/business customer base in mature and growing industries
Management Prefer management teams that are looking to grow the business, but will consider opportunities where owner/operator is seeking to retire or exit
Profitability Proven profitability for last two years with future expectations of positive, stable cash flows preferred, but not required
Geography Headquartered or primary operations in the state of North Carolina