Investments

            FCC's investment activities are devoted to acquiring, as principal, small to medium sized companies in a variety of industries. FCC seeks to work with entrepreneurs and managers who want an experienced financial partner that will negotiate, structure, finance and close a transaction that will provide for the company’s continued growth and success. We provide the capital, experience and contacts to help management build the long-term value of the company. Current investments include minority stakes in Preview Systems, Inc., an electronic commerce software provider for selling digital goods over the Internet, Crescent Systems, LLC, an electronic commerce software and automatic bill payment service provider, Dog ‘n Suds, a fast food chain operator and franchiser and Ralin Medical, an out patient managed care service provider.

 Operating Philosophy

FCC prefers to invest in companies with experienced, talented and committed management teams. We generally expect management to operate their company autonomously within the framework of agreed upon annual business plans. The principals of FCC work closely with portfolio companies at the Board of Directors level in such areas as strategy formulation, growth financing, strategic acquisitions and building professional management teams. Because we believe it is important for management to fully share in the corporate goals, we prefer to work with management teams who are willing to invest in their companies and will structure transactions to give management additional equity participation. 

 Acquisition Criteria

FCC is primarily interested in companies with $5-50 Million in revenue. We look for companies with proven management and proprietary products or processes, a significant market share or a unique niche which gives it a competitive edge in its given market. While we have not limited the types of companies we will consider, we are particularly interested in electronics manufacturers and technology companies. We will also consider investments in retail companies and companies that are experiencing financial difficulties. We are generally not interested in distribution companies. 

FCC will pay acquisition prices consistent with the company’s ability to generate cash flow. 

 Intermediary Fees

FCC welcomes acquisition opportunities from principals, management and intermediaries. We are pleased to enter into Lehman formula fee agreements with intermediaries on a deal-by-deal basis.