Strategy

Stage

No or limited technology risk, entering the scale-up phase or accelerating growth

Financials

Positive gross margin, positive or near break-even EBITDA

Tickets

€5m to €40m / follow-on capability / co-investment capability

Syndication

Preferably lead or co-lead

Companies

European SMEs looking for expert capital

Management Teams

Vision, operational track record, ESG commitment

Transaction

Stable minority capital, reference shareholder with board representation

Investment Purpose

Mainly cash-in for organic development and/or M&A operations

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