Page 99 - TACC 2023 Program

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Duke provides a hybrid credit solution with debt and equity-like features to lower middle market
companies. We back MBOs, buy and build strategies, shareholder restructurings and debt
refinancings, while allowing owners and management teams to retain equity control of their
business.

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• Industrials
• Long-standing private, family / owner-
operated businesses • Manufacturing

• $2m-$10m of EBITDA • Distribution
• Business Services
• Investment size of $7m-$30m
• Healthcare
• Strong management team
• Technology

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• Secured debt instrument (but will sit behind a standard working capital facility)

• 30-year term

• 13.5%-14.0% initial cash yield (including principal and interest)

• Buyback premium of 15%-30% on exit

• Max 10% equity stake on US deals

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P Prriinncciippaall P Prriinncciippaall 47/48 Piccadilly, 1st Floor 4 King Street W., Suite 401
Mobile: (647) 846-7764 Mobile: (647) 224-6444 London, U.K. Toronto, Ontario
M5H 1B6
Email: [email protected] Email: [email protected] W1J 0DT

Duke Capital Limited: Ground Floor, Cambridge House, Le Truchot, St Peter Port, Guernsey, GY1 1WD. Duke Capital Limited is registered
with the Guernsey Financial Services Commission as a Non-Regulated Financial Services Business to carry out Lending
www.dukecapital.com