We look to build capital value for shareholders over the medium term.
The first step is to find the right business to back
We are selective in this – investing in only a handful of businesses a year.
We take time to research a business and its industry before we consider making an approach about a potential investment. Most importantly we look for high calibre management in a business that’s not only a major player in its market, but also has considerable room to grow further and, often, faster. This relationship with management is the critical element of our success in investing.
We work closely with management teams to create value
Having made an initial investment, we focus on helping the management team build the business.
This is typically a four to five year journey. It may involve building the existing business, setting up in new markets or buying other businesses. Our role is to support management with know-how or finance, to develop the business once the plan is agreed.
We take a long-term view
We never have fixed plans on how or when to realise an investment.
It’s important to pause at key points along the journey, to take stock, re-evaluate and make sure you’re heading in the right direction; and change if necessary. It’s also important to be opportunistic: being able to take advantage of a situation by being nimble.
Don’t just take our word for it
If you’d like to talk to one of our portfolio company managers about the way we go about things, we’d be happy to put you in touch with them.