Private Equity
Majority and significant minority investments in profitable European companies — held for the four to seven years it takes to build something bigger.
We buy businesses that already work
We take majority or significant minority positions in companies making €3m to €20m of EBITDA, almost always alongside the people who built them. The cheque is €15m to €75m, and roughly a third of every commitment is reserved for what comes afterwards: add-on acquisitions, a first proper CFO, a second country, the systems that should have been replaced five years ago.
We do not need a broker to explain a business to us. Two thirds of our investments since 2014 have been proprietary — a direct conversation with an owner who wanted a partner rather than an exit. The average hold is five and a half years and we have never sold a company inside three.
