We invest on a pan-European basis.  Since our inception in 1999 we have been committed to working with entrepreneurs throughout Europe, as we believed that convergence to a single European trading block would generate unprecedented business opportunities.  This vision has been endorsed by the successful transactions that we have undertaken across Europe.

Significant and inexorable changes have taken place in the European landscape since 1999, all of which will benefit the growth and development of small to medium-sized enterprises.  Against a backdrop of pervasive economic and political change, the continuation of extraordinarily low-inflation, low-growth macro environments are working against the larger corporates and favouring the focused and flexible growth-oriented smaller enterprises.  The ascendancy of more entrepreneurial professional managers, alongside the continuing deregulation of local markets across the EU, is giving young companies the scope to expand with greater speed and effectiveness than ever before.  The continuing shift in Europe towards a service-based economy allows companies with compelling, world-class service-system models an opportunity to grow their businesses with more certain success.  We believe these factors have created a new, even more exciting environment in which to succeed.

Our built-in flexibility, the capital available to us, and our longer-horizon investment period gives the companies in which we invest the scope and resources to not only survive in difficult times, but to thrive.