How We Invest
Our flexible investments are structured to accommodate both the needs of the business and the requirements of institutional capital.
Investment Size
We are best when dealing in investments of £1 - £25m (or currency equivalent), however we can look selectively beyond this range
Broad Geographic Reach
Our network is broad and we deal with opportunities across the world. The UK's relatively open business environment means that we see a lot of dealflow here, but our experience is international. We are particularly keen to speak to business owners and stakeholders in dynamic, growing economies globally.
Sector Agnostic
We believe that attractive opportunities to invest exist across many sectors. Our experience has shown that the challenges faced by growth businesses are often common across quite disparate businesses. We are therefore keen to speak to exciting companies in all sectors.
Flexible Investment Period
Generally we look to provide capital over three to five years. In certain exceptional cases we can look outside this range.
Investment Structure and Returns
Flexible capital which is more accommodating to growing businesses than bank finance and less dilutive to existing shareholders than conventional Private Equity.
Across the capital structure from senior secured debt through to PIK ("Payment in Kind") and preferred equity. Our deals often include warrants or equity.
Credible growth plans and experienced management who are willing to align via the deal structure.
Capital which can be provided as a staged drawdown, for example in a rollout growth plan. This may include a reasonable cash-out element if the remaining stakeholders are satisfactorily aligned.
We are comfortable with an element of cashflow lending. Asset-backing is not necessary, but can assist in finding the right deal structure.
There is no requirement for bank or other debt to be refinanced, but we will consider this as appropriate.