Bagnols seeks out privately held company where the existing founder and management want to retain substantial ownership in the business becasue of their bullish outlook. Bagnols is flexible on deal structure and is comfortable doing minority growth equity investments as well as traditional control buyouts. Bagnols has long term, patient family office capital and is able to hold its investments longer than many private equity funds. There is a preference to hold winners longer and allow the capital to compound on a tax deferred basis in order to maximize higher multiples on invested capital over many years.