Growth Potential

Fundamentally, we seek growing businesses whose main issue is a lack of capital

This may not be your only challenge and we may indeed be able to help with some of your strategic issues, through our experience in helping other companies grow and our extensive networks

Strong Financial Metrics & Cash Flow Generation

We seek businesses which are either profitable or cash generative with an understandable path to profitability. We are not put off if there is a story to unpack and we understand that the path to stable growth is not always straightforward

However you are able to demonstrate it, a track record of strong fundamentals and an efficient use of capital is a strong indicator of investability
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We do not require asset-backing, but if available this can help secure better terms and more flexibility

We look for demonstrably strong recurring revenues via either low churn or ideally contracts

Experienced, Capable & Dynamic Management Team

Quality of management is a key area which we examine when assessing a growing business

We consider the way that managers work together and their complementary skills as a fundamental point of our due diligence

The best companies we have worked with have been run by teams with strong motivation to grow, self-awareness, determination and excellent commercial ability

Operational Expertise

We are not operational, hand-on investors but often leverage our extensive networks to help implement a growth plan when needed

Buy-and-Build Opportunities

We specifically seek out firms who can consolidate their markets and / or improve their investment case through targeted acquisitions

We understand the challenges of M&A and successful integration post-acquisition and are able to help as appropriately, either directly or through our network

Ticket Size
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We typically make investments of £1 - £25m (or currency equivalent), however we can look selectively beyond this range and are happy to co-invest as part of a larger investment

Transaction Type

We are able to invest across the capital structure, although our starting place tends to be ordinary equity

We look to take some for of minority equity position as part of our typical investment

Active or Observer board seats are not a prerequisite but depend on the final investment structure

Flexible Investment Period

Unlike other growth capital invesotrs, we are not constrained to provide capital over three to five years or to force an exit or value creation within this period

Investment Process and Timeline

We look to move fast whilst carrying out a responsible investment process. Once engaged, we always aim to keep our ask to the minimum necessary and to communicate clearly and transparently throughout