Proven at home, ready to cross a border
Proven in one country and stalled at the second. The obstacle is almost never the product. It is language, search demand, local proof and payment.
Europe
Where the firm was built.
Most of the portfolio has been founded, operated or sold here. The relationships are decades old and the operating knowledge is first hand.
The thesis
Good products stuck behind weak distribution.
Europe is not short of well built companies. It is short of companies that know how to be found, chosen and bought. Again and again the businesses the firm looks at have a product that works and a route to market that does not.
That gap is the firm's whole reason to exist, and it is the gap it can close fastest in the market it knows best.
A second pattern runs through the European portfolio: regulated sectors. Where compliance is hard, competition is thinner and a company that gets it right holds its position for longer.
What we look for here
Three shapes we keep returning to.
I
II
Regulated services
Healthcare, treatment, education and financial adjacent services, where a licence or a standard keeps casual competitors out and rewards the operator who takes compliance seriously.
III
Demand limited, not product limited
Companies whose ceiling is how many people know they exist. This is the constraint the firm removes fastest, and the one most investors are not equipped to touch.
Decades of operating relationships, in the market the firm knows best.
Europe
In this region
Some of what the firm has built in Europe.
- Residential addiction treatment, Spain
- Group travel, operating across Spain, France, Norway and Slovenia
- Mobile virtual network operator, United Kingdom
- Online business learning and enterprise applications
- Web development and digital build
The firm's individual holdings are private and are not published.
Next step
Tell us what you are building.
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