Iconic Group, Inc.

Fenway Partners focuses on direct investments in profitable, US-based middle-market niche businesses in the consumer and transportation/logistics sectors. The firm targets companies with enterprise values of $100 million to $600 million and EBITDA of $15 million to $75 million. They look for companies with fundamental strengths that provide both stability and significant upside opportunity, but are performing at levels below their full potential. Fenway seeks to invest in companies: (1) that participate in niche markets with favorable growth trends, low cyclicality and rational competitor behavior (2) have strong franchises and differentiated products, levels of service or competitive advantages and (3) that generate predictable free cash flow which is supported by healthy margins, manageable working capital and reasonable capital expenditure requirements. Investments typically range from $50 million to $75 million. Fenway's expected investment horizon is 4 to 6 years.

Raymond James Capital (RJC) invests in recapitalizations, MBOs and other buyouts of established middle-market businesses. The firm invests in all industries but has particular expertise in the following sectors: consumer products, energy, financial services, healthcare, industrial growth, specialized manufacturing, service businesses, supply-type businesses and value-added fulfillment. Their transaction value range is $25 million to $150 million. RJC looks for companies with minimum pro forma EBITDA of $5 million and a minimum growth rate of 5% to 10%. Equity investments range from $15 million to $50 million.RJC seeks to invest in scalable niche businesses that have predictable revenue streams from a diverse set of customers. They prefer investments in services or value-added distribution businesses with route or subscription-based business models, as well as manufacturing businesses that make consumable or repetitively-supplied products. RJC also prefer to invest in companies that hold a meaningful share of a smaller, well-defined market.

Friend Skoler investment opportunities in the US middle-market companies with enterprise values of $10- $100 million, revenue of minimum $10 million and EBIT minimum $1 million. The firm invests in companies operating across a broad range of sectors such as manufacturing, distribution, business services, retail and branded consumer products companies. They provide capital for MBOs, acquisitions, recapitalizations, build-ups, and expansion capital requirements with an investment size ranging between $3 and $20 million per investment.