We are looking for companies that meet our specific criteria

We evaluate potential businesses based on a comprehensive approach that considers industry dynamics, company operations, and financial performance.

We focus on industries with favorable trends and growth potential, companies with strong management and sound operational foundations, and financials that demonstrate profitability, resilience, and opportunities for expansion. This approach ensures alignment with our investment philosophy and positions us to drive sustainable growth.

While we are sector-agnostic in principle, our preferences lie in industries such as wholesale and distribution, industrial and manufacturing, transport and logistics, health and beauty, and building and installations. We generally avoid high-tech and software-focused businesses, aligning instead with sectors grounded in tangible operations and scalable processes.

Regardless of sector, we believe B2B2C companies can provide the best opportunity to leverage our digital and business development skills and experience.

Our approach is designed to preserve the legacy of the companies we partner with. Continuity and capable stewardship is key, and we build upon decades of entrepreneurial experience.

Our Investment Criteria

  • Industry

    Favorable macroeconomic trends contribute to a positive outlook for the industry.

    The market is growing, with a compound annual growth rate (CAGR) exceeding 5%.

    The sector demonstrates strong profitability, with average EBITDA margins above 15%.

    The industry is highly fragmented, offering opportunities for consolidation and growth.

    Significant and sustainable barriers to entry protect the market.

    The industry is volume and scale-driven, relying on standardized processes.

  • Company

    Headquartered in the Netherlands or Belgium.

    Consistent profitability and sound margins over time.

    Customers are diversified, with low concentration risk.

    The distribution model is either B2B2C or B2B.

    The business employs approximately 30 full-time equivalents (FTE).

    Strong day-to-day management ensures smooth operations.

  • Financials

    EBITDA falls within the range of €650K to €1.5M.

    Revenue is of high quality, with a large percentage being recurring and diversified.

    Clear growth potential is supported by identified opportunities for expansion.

    Profitability is strong, with EBITDA margins exceeding 15%.

    The business is characterized by low capital intensity, with a CAPEX-to-revenue ratio below 5%.