Strategy
Concentrated. Operational. Long-dated.
We invest in companies where we can be the most useful shareholder — not the largest, the most helpful.
Our thesis
We back established mid-market businesses with proven economics, durable demand, and management teams that want a true partner. We avoid auctions, prefer proprietary situations, and underwrite to a base case that doesn't depend on multiple expansion.
Sectors we know
Industrials
FocusSpecialty manufacturing, infrastructure services, supply chain.
Technology
FocusVertical SaaS, data infrastructure, tech-enabled services.
Healthcare
FocusProvider platforms, healthcare IT, life sciences services.
Services
FocusB2B and B2C service providers, specialized consultancies, facilities and logistics.
What we look for
- Equity check
- $10M – $50M
- Enterprise value
- $30M – $200M
- Geography
- South America & Northern Europe
- Position
- Control & structured minority
- Hold period
- 5 – 10+ years
- Stage
- Profitable, growing, founder- or family-led
How we work
Origination
Direct relationships and proprietary sourcing — rarely an auction.
Diligence
Deep operational diligence led by partners, not delegated.
Partnership
Aligned terms, clear governance, shared expectations.
Value creation
100-day plan with the management team — measurable, sequenced.
Outcome
We exit when the business is ready, not the fund.