Our strategy

Our investment strategy ׀  Proven success
Our methodology ׀  Working with management

We operate a method of analysis and investment principles.

Analysis

People

  • Identification of key people
  • Strength of management team
  • Managers' sector expertise
  • Industrial relations and working conditions

Sector

  • Basic characteristics (sustainability, stability and growth)
  • Leader or follower position in specific markets
  • Critical technology issues
  • Competitive strengths and weaknesses

Financial

  • Revenue breakdown
  • Profitability factors
  • Predictability of cash flow
  • Potential for enhanced productivity and margins
  • Business plan review
  • Financial resources required for growth
  • Risk analysis (customers, suppliers etc.)

Investment

Principles

  • Direct or indirect control of the holding
  • Fiscal optimisation
  • Financial incentives for management and staff

Financial engineering

  • Overall funding coordination
  • Raising of senior and mezzanine debt
  • Possible co-investor syndication
  • Balance sheet restructuring where necessary

Intervention

  • Investment in own funds
  • Potential usage of quasi-own funds (mandatory convertibles, convertible bonds etc.)
  • Reinvestment if need be for external growth operations