Vintage Capital Management (“VCM”) is a value-oriented, operations-driven private equity investor specializing in the defense, manufacturing and consumer sectors. Since its establishment as Kahn Capital Management in 1998, VCM has demonstrated success in identifying, analyzing, and investing in unique opportunities in our target sectors.

Investment Philosophy

VCM seeks investment opportunities characterized by differentiated product and solutions offerings with significant barriers to entry, strong margins and cash flows and valuation arbitrage potential due to company circumstances. Additionally, VCM looks to partner with successful owner-operators of companies in its target sectors and/or structure transactions that transition high quality management teams into owner-operators. VCM has utilized its specialized industry relationships and expertise to establish a successful track record of working with portfolio company management teams to realize improved operational efficiencies, expand and strengthen industry relationships and generally enhance the values of their companies.

Investment Criteria

VCM invests in companies in which it can utilize its experience and expertise to unlock substantial value. While VCM considers investments spanning a broad range of opportunities, VCM has a particular interest in situations involving

• Take private acquisitions
• Consolidations and “build-ups”
• Corporate spinoffs
• Management buyouts
• Family owned business acquisitions
• Bankruptcy acquisitions
• Recapitalizations