How we define ourselves

We look to invest in industries which are undergoing significant structural change and/or are unfashionable.

We take executive positions in the companies in which we invest where our skill set can improve the underlying business and grow it into a market leading player.

We tend to work on a project for a substantial time, investing expertise, as well as money, to ensure that our businesses have a solid foundation for future growth.

If we do a deal in a particular sector, we tend to do a follow‐on deal in the same sector. We would rather complete one large deal every few years than a smaller one every few months. The fact that we have no set investment parameters and timeframes allows us to do this.