‘‘Why join the navy, if you can be a pirate’’

We empower profitable businesses

We are the investment arm of a 100 year+ family business and specialise in acquiring, managing, and operating profitable niche companies. We seek majority stakes in profitable asset-light businesses, while remaining opportunistic for exceptional off-market deals.

profits

Either > €5m EBITDA
or > €20m Net Revenue

Operating team continuity

We prefer that founders stay on board or we incentivize external management with buy-in opportunities

Strong market position

Market leader or significant second in a defensible niche

Asset-light
business models

We focus on asset-light business models, with a particular interest in scalable online platforms across Europe

Margins

Healthy and sustainable, long-term margins

Ticket size

Up to €150m cash at close, with total deployment capacity up to €250m per transaction

Special Situations

Occasionally, we exploit unique opportunity deals that other investors cannot pursue due to factors such as tight deadlines, unconventional investment categories, unique risk perspectives, operational challenges, and the need for a flexible investment horizon.

Our ability to act swiftly, think outside the box, understand and manage risks, leverage operational expertise, and provide long-term support sets us apart as a valuable partner for businesses seeking unconventional investment solutions.