Search Profile

Target companies

• Medium-sized companies or subsidiaries of conglomerates.
• Turnover: EUR 50 - 500 million.
• Cash-flow: stable in core businesses, positive.
• Earnings: explainable losses may be acceptable.

Industries

• Manufacturing, capital goods, engineering companies (machinery and plant engineering), industrial wholesale or service industry.
• Typically not: software, internet, biotech, fashion.

Transaction structure

• Interested in legally and economically complex situations, e.g. restructuring or insolvency situations.
• In overleveraged situations bailout of banks possible.

Transaction volume

• Up to EUR 100 million (buying out bank loans as part of the transaction is an option).

Countries

• Focus in Italy with buy-and-build option in other European countries.

Competition

• Leading position in relevant market (Nr. 1-3).
• Fragmented market structure with potential for industry consolidation.

Market

• Stable market.
• Low single customer/single order risk.