Private equity

Investment approach

Our private equity investment approach is based on a relative value analysis that looks at global sectors, industries and regions from a top-down perspective and identifies opportunities for investment in specific markets. Our local investment teams then work to identify growing companies within those specific markets that would benefit from our involvement.

Our Industry Value Creation team helps to maximize value in portfolio companies by driving forward strategic initiatives and operational improvements. The team has specialist expertise across several sectors, enabling us to offer our portfolio companies outstanding partnership opportunities. We are specialized in the following sectors: healthcare, consumer, media & telecom, information technology, industrials, infrastructure/energy & utilities, financial services and real estate.

In global private equity markets, our investment strategy is focused around three key themes:

Platform companies
We acquire platform companies or assets with a strong management team and infrastructure in a highly fragmented market and then purchase add-on companies to further grow the platform and benefit from synergies.

Niche winners
We acquire companies in sub-segments of specific industries benefiting from particularly strong products or services and demonstrating an ability to grow disproportionately, often through internationalization. We institutionalize the business and extend the product/service offering.

Franchise companies
We acquire businesses or assets on a stand-alone basis – typically, single assets with value creation potential and strong defensive capabilities, high cash flow generation and the ability to quickly de-leverage. We seek to broaden their network and strengthen their positioning.

 

Relative value investing