| Companies |
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Small and mid-sized companies and non-core activities of large corporates |
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Sales typically in the range of €25m to €500m p.a. |
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Low profitability in comparison to competitors (including loss-making businesses) |
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Low equity ratio |
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Clear-cut operational problems |
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Positive, stable cash flows in core business |
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| Market |
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Stable markets and/ or above average market growth |
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Fragmented markets with potential for consolidation |
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Leading position in relevant market |
|
| Region |
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Headquarter in Europe, preferrably in German speaking countries |
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(Germany, Austria, Switzerland) |
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Potential for international "buy- and- build- strategy" |
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| Transaction structure |
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Acquisition of debt / receiveables and / or equity |
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Majority investments (>50 %) |
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In case of minority investments necessary to ensure impact on business strategy by way of, |
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e.g. taking over executive or influential non-executive roles at the target company |
