Approach
How we invest.
Clear criteria, a disciplined process, and genuine partnership after completion.
Criteria
What we look for
- Enterprise value
- £20m – £250m
- Revenue
- £10m – £150m
- EBITDA
- £3m – £30m, positive and cash-generative
- Geography
- Headquartered in the UK or Western Europe
- Ownership
- Majority and significant minority positions; buyouts, growth capital, succession solutions
- Sectors
- Business Services, Specialist Industrials, Healthcare Services, Software & Data, Consumer Essentials
- Situations
- Founder succession, family transitions, management buyouts, carve-outs, buy-and-build platforms
Process
Four steps, no theatre.
- 01
Listen
A first conversation, usually with a founder or adviser. No pitch decks required.
- 02
Understand
Six to ten weeks of collaborative diligence. We share findings openly.
- 03
Agree
Simple documentation, clear governance, aligned incentives for management.
- 04
Build
A 100-day plan, then a multi-year value creation programme supported by our operating partners.
Value creation
For business owners
Selling part or all of the business you have built is one of the most significant decisions you will make. We aim to make it a considered one. Owners who partner with us keep their culture, keep their name above the door where it matters, and gain a partner with the resources to accelerate what they have already started.
What we bring
- Capital for growth and acquisitions
- Operating partners across four disciplines
- Board-level experience in comparable businesses
- A network of sector specialists
What we don’t do
- We don’t over-leverage
- We don’t impose management
- We don’t flip businesses
Operating partners
Support, on request.
Our operating partners are experienced executives who work with management teams on the specific problems in front of them. They are available to every portfolio company and are never imposed.
Finance & Reporting
Board reporting, cash discipline, systems and controls.
Technology & Data
Platform architecture, data foundations, cyber resilience.
People & Leadership
Hiring, succession, incentives and organisational design.
Commercial & Pricing
Segmentation, pricing discipline, sales effectiveness.