What's New
We continue to be very pleased with the strong results
achieved by our portfolio companies. In 2010 our portfolio
companies delivered aggregate 2010 EBITDA growth in excess
of 30% following an increase of 24% in 2009. In particular,
our consumer portfolio companies continued their strong
trends, capitalizing on a buoyant 2010 holiday season. We
anticipate comparable growth in 2011, fueled by continued
new unit expansion, strategic acquisitions, and other
initiatives.
Read more...
Despite the recent uncertainty exhibited in the public
markets, our portfolio companies have continued their
positive trends in year-over-year revenue and EBITDA growth
which began in the latter half of 2009. Since the low
point of the recession in Q2 2009, the *Parallel portfolio
aggregate EBITDA has increased over 30%*. While we cannot
handicap the likelihood of a “double dip” recession, we
feel very confident that our portfolio companies are well
positioned for continued strong value creation, having
enhanced their organizations and maintained low leverage
levels over the last 18 months.
Read more...
We are very pleased with the performance of our portfolio in
the back half of 2009. Our management teams' strategic
cost and liquidity management measures taken in the first
half of the year, combined with improving year-over-year
revenues in Q3 and Q4, enabled our portfolio companies to
increase aggregate EBITDA more than 40% over the second half
of 2008. Selected highlights are as follows:
Read more...
