We invest in winning international growth platforms benefiting from several consumer and technology-driven trends in this sector.
We focus on distinctive companies with excellent customer propositions and international growth potential which are likely to be exposed to consumer trends of:
Healthcare is a dynamic sector undergoing significant change. We seek to partner with leading businesses to improve patient and consumer outcomes while speeding time to market and managing cost through the value chain, from innovation to clinical trial to delivery of care.
Fundamental growth drivers include:
We look for businesses with international potential that are leaders in their niche and are typically a critical product for their customers.
Industrial Technology is a large market with tailwinds from various megatrends including sustainability and Internet of Things.
We look to invest around the key trends of increased automation, data availability, connectivity and Equipment as a Service.
In particular, we focus on the following areas:
The Services market spans a number of verticals and service types where future growth will be driven by increasing optimisation of business-to-business value chains and external factors such as regulatory and legislative requirements.
We invest in businesses with attractive market dynamics where we see long-term, secular growth and a service offering that is highly valued, backed by a strong combination of people, process and technology enablement.
We focus on the following areas:
Software is a fast-growing sector with significant opportunities to build market-leading international businesses. We focus on software models where companies benefit from the adoption and increased penetration of their end-markets and where we can help them achieve market leadership.
We look to identify companies with recurring revenues, sticky customer relationships and strong margins.
We focus on Enterprise and application software as well as Vertical software.
Attractive sub-sectors include:
From a local Dutch company to a European market leader with 2,300 stores and c.80,000 employees in 11 countries
From a UK exporter to a global market leader, renowned for product quality and innovation
From an owner-managed diversified engineering company to a world-leading testing and inspection specialist for the automotive industry
From a Benelux-based operator to Europe’s largest value-for-money fitness club operator
Transformed from a North American specialist to a market-leading global medical device outsourcing platform
UK-focused software solutions to a leading international integrated software, managed services and cloud solutions provider
Carve-out of a network of local independent testing laboratories built into a world-class integrated testing business
From a regional leader to a fully integrated global leader of data centre equipment maintenance
Successful international expansion and development of a premium brand of clothing for men, women, and children
From technology leader for mascara brushes to application systems provider to the beauty and healthcare industry
Transformational growth to build a prominent European leader in the fragmented natural consumer healthcare market
Ambitious growing automotive business to a truly global leader in innovative products to improve fuel efficiency
From a Dutch-based business to a global market leader with 3x growth in turnover
From a collection of point solutions to a leading ‘insights to action’ platform for complex ERP environments
From a UK consumer products business to the fifth largest baby accessories business globally
From a family-owned business to a world-class global market leader in hot runners
From a strong, growing mid-market pet food player to a global market-leading premium cat food business
From a Benelux offline retailer to a value-for-money challenger with best-in-class omnichannel capabilities in the north-western European optical retail market
From a German family-run business for clamps to a global market and technology leader for engineered joining technology
From a North American high-quality medical device manufacturer to a globally connected medical provider of mission critical devices
Transformational growth to become the world’s largest provider of life sciences product development and integrated healthcare services
From a European juice manufacturer to a leading European independent bottler of soft drinks for A-brand owners
Created one of the largest independent single-use solutions platforms in the bioprocessing industry through innovation and buy-and-build
Transformed from a state-owned business to a ‘best-in-class’ ferry operator connecting Scandinavia with continental Europe
Invested in the lead service provider in calibration and measurement service solutions in France and, in three years, created a global business
Transformed from a supplier of niche active pharmaceutical ingredients to a fully-integrated speciality pharmaceutical company
