LMN operates as a VMS (vertical market software) acquirer targeting VMS companies in the vertical of the telecom, and media industry. Meanwhile, TOI provides investors exposure to a diversified portfolio of VMS companies but with a focus on the European market.
TOI and LMN are smaller in size than CSU, but growing faster. Both have long runways for growth and offer investors opportunities to compound capital at a high rate for much longer, like purchasing CSU 8-10 years ago. CSU owns 48% of TOI and 61% of LMN (assuming preferred shares convert).