about
about

Investment Criteria

We assist with both management teams looking to create value or entrepreneurs & owners looking to realise value.

We’re flexible and versatile in our approach – whatever the story, we are interested in finding out the best teams to build great businesses. Below we have highlighted the types of deals we do and our primary investment criteria.  It is only a guide, so if you are unsure about whether your proposal would meet our requirements – get in touch with one of the team.

Retirement Sales

Selling and leaving a business you have built over the years is a big step and having been involved in several, we understand that. We are able to work on a wide range of deals and structures, but crucially, with whatever management solution you might be leaving behind.

Corporate Disposals

We provide large corporates & busy management teams with simple & discreet deals to exit problem units or non-core assets. We are able to work on limited legal coverage, tight turnarounds and with absolute discretion. Whatever the situation, we are flexible & fast investors able to help.

Management Buy Outs

We support management teams in structuring, financing & executing their deals. After that, being long term focused investors, supportive of growth and strategy development, and genuinely aligned incentivised partners is the key to success. We have completed 3 to date, Tobar, Komfort and Cubicles.

Management Buy Ins

Our appetite for complexity means we are willing to investigate and support a range of buy in and BIMBO deals. In this scenario, we’re both new to the business, but with close alignment and high levels of energy, we can make it a success. If we find a good management team, we want to back them.

10

Max Equity Investment Per Acquisition

30

Enterprise Value Up To

15

Transactions Completed

7

Fastest Time to Complete

UK Focused

Majority Stakes or Outright Acquisitions

£1m to £10m Equity Cheques

Sector Agnostic

Success Stories

We’ve supported management teams with turnover in excess of £80m & bought businesses with turnover in excess of £40m from retiring owners.

Tobar / Management Buy Out

Acquired in December 2015 we have worked with the management team to grow the wholesale side of the business.  We have also supported the team across acquisitions large and small.

  • Merino backed the existing managerial team led by David Mordecai
  • Additional staff were brought in to support the strategy
  • Merino has continued to make further bolt ons throughout the investment

Independent Plant Hire Group / Retirement Sales

All of Independent Plant Hire Group’s business have been acquired from retiring majority owners.  We have been able to meet both requirements of price & ease of business, as well as safeguarding the well being of the business, staff and often the family name.

  • All staff retained & invested in
  • Flexible to shareholder requirements
  • Brand names protected for posterity

Paul’s Cycles / Retirement Sale

Acquired in Q1 of 2017; the Paul’s Cycles owner and founder was looking to retire. We were able to fund a structure that allowed us to be comfortable with handover, the owner to satisfy his goals, and most importantly the longevity of the business going forward.

  • Owner-manager exited and realised funds
  • Business invested in for the future
  • New management team bought in and internally promoted

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