Investment criteria

What we look for in a business, and in the people who built it.

The big picture

People matter as much as numbers

A business reflects the character and values of its founder. We only work with ethical, trustworthy people who want to do business the right way.

Niche, with strong fundamentals

We prefer businesses that are small by design, not by limitation. Companies that lead a specific market or serve a specialised need often make the best long-term investments.

Proven over time

We favour established businesses that have come through different market conditions. We value years of consistent performance over high growth.

Ready for new ownership

The best transitions happen when a business can run without its founder. We look for strong teams and systems that don't rely on the owner's personal relationships.

Founders ready for their next chapter

We work best with owners who are ready to step back and want to see their life's work continue to thrive.

What we look for

A stable, diversified customer base
Recurring revenue, often from smaller transactions
Some ability to raise prices when conditions allow
Leadership in a local market, or a specialised service
Room for acquisitions or consolidating the market
An established industry with predictable demand
A strong competitive position that is hard to copy

What we avoid

Businesses heavily dependent on economic cycles, such as construction or oil and gas
Businesses whose success rests mainly on personal relationships
High-maintenance service businesses that need the owner's constant involvement
Highly technical businesses that need deep specialist expertise

More in Private investment

If you're thinking about selling your business, we'd be glad to talk.