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.


  1. Healthcare Services. For example, specialized clinic chains, animal health, diagnostics & life sciences, outpatient services, pharma services

  2. Business Services. For example, SME business services, education services, facilities management, IT services

  3. Software. For example, vertical software, cybersecurity, horizontal software

  4. 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)

For Business Partners

We connect family office capital with family and founder-owned businesses