November 23, 2020 — Firm News
Middle Market Growth publication features an interview with Elie Azar, founder of White Wolf Capital, a seasoned private equity professional with over 20 years of M&A and investing experience.
White Wolf Capital employs a flexible approach to aligning management and investor interests while maintaining consistent principles. The firm ensures "a clear strategic plan for value creation based on the investment thesis for the original investment."
For founders who remain post-acquisition, the firm seeks substantial equity commitments ranging from 20% to 35%. This structure allows successful entrepreneurs to realize greater personal wealth through both their rolled equity participation and original sale proceeds.
The firm's partnership philosophy prioritizes equal treatment across all equity holders. Rather than using preferred equity structures that create hierarchies, White Wolf invests alongside management in common equity. According to Azar, this approach reflects the firm's belief that "the best engine for maximizing value creation is a committed core team bound by the principle that every member is a partner."
White Wolf welcomes all managers and key employees to participate as investors. The firm also reserves equity pools for key personnel as incentives to join teams or recognition for delivering value.
White Wolf focuses on North American middle-market companies with $20 million to $200 million in revenues. The firm maintains offices in Miami, Chicago, Montreal, and New York City.