
Our Investment Strategy
We partner with leading mid-market European tech-enabled services companies with the aim of building regional and international champions
Investment Focus
We seek majority and significant minority equity investments of €15-100 million into tech-enabled services companies in the healthcare services, business services, software and energy transition sectors, primarily in Western Europe.

Geographic Focus
We focus on Western Europe, where our team has a distinctive origination network of families, entrepreneurs, investors, and advisors.
Sector Focus
We focus on four sub-sectors where we have institutional expertise and track records.
Healthcare Services. For example, specialized clinic chains, animal health, diagnostics & life sciences, outpatient services, pharma services
Business Services. For example, SME business services, education services, facilities management, IT services
Software. For example, vertical software, cybersecurity, horizontal software
Energy Transition. For example, sustainability services, technical environmental consulting, decarbonization technologies as-a-service, enabling software
Value Creation
We seek to add value by combining investment experience and operational expertise. Our size enables us to be nimble and entrepreneurial.
Buy-and-Build
Identifying businesses that are well-positioned to serve as platforms for consolidation
Working with management on acquisition strategy, target identification, execution, and integration
Applying a disciplined approach in diligence, valuation and integration for follow-on acquisitions
Maximizing platform value by applying strategic & financial skill-sets
Optimize
Leveraging an extensive operational improvement skill-set built over years in blue-chip institutions
Hands-on support and thorough integration of businesses for buy-and-build strategies
Committing real operating partner time
Business Criteria
We look for a combination of attributes which we believe are prevalent in high-quality, tech-enabled services companies across our four sub-sectors.
Contracted / re-occuring revenue with high switching costs
Mission-critical services and products
Limited customer concentration
Growing end-markets with structural tailwinds
Proven through-the-cycle resilience
Fragmented market with clear potential for M&A buy-and-build
Scalable business model & operations
Proven management team
Strong cashflow generation (asset light or low capex)
