INVESTMENT CRITERIA

  • Focus on UK
  • Resilient sectors driven by non-discretionary spend
  • Established, profitable companies (EV of £25m-£150m)
  • Low leverage (max. senior debt of 3x EBIT) and significant equity cushion (max. 70% LTV)
  • A contractual return paid in cash plus a significant stake in the upside
  • Clear exit in 4-5 years