Investment Criteria

We look to invest between £5 million and £20 million in businesses that demonstrate most if not all of the following characteristics:

UK headquarters Senior management must be based in the UK, though we back companies with significant international sales or operations
Lower mid-market Companies with EBITDA of between £2 million and £10 million
Cash generation Stable cash flows from "sticky" revenue streams
Attractive industry dynamics Sustainable growth in sectors driven by non-discretionary spend
Solid historic performance Demonstrable resilience through downturns
Experienced management High-quality team with successful track record within the business
Committed ownership Managers tied into the business for the long term