We invest in winning international growth platforms benefiting from several consumer and technology-driven trends in this sector.
We focus on distinctive companies with excellent customer propositions and international growth potential which are likely to be exposed to consumer trends of:
Polarisation (i.e. customers seeking value-for-money and luxury at the expense of the middle market)
Leisure and wellness
Healthcare is a dynamic sector undergoing significant change. We seek to partner with leading businesses to improve patient and consumer outcomes while speeding time to market and managing cost through the value chain, from innovation to clinical trial to delivery of care.
Fundamental growth drivers include:
An ageing and more active population
Greater access to healthcare globally
Increasing use of data
Advancements in areas such as biologics
Minimally-invasive medical devices and personalised medicine
Increasing patient engagement in healthcare and lifestyle decisions
We look for businesses with international potential that are leaders in their niche and are typically a critical product for their customers.
Industrial Technology is a large market with tailwinds from various megatrends including sustainability and Internet of Things.
We look to invest around the key trends of increased automation, data availability, connectivity and Equipment as a Service.
In particular, we focus on the following areas:
Safety & Security
Flow Control & Filtration
The Services market spans a number of verticals and service types where future growth will be driven by increasing optimisation of business-to-business value chains and external factors such as regulatory and legislative requirements.
We invest in businesses with attractive market dynamics where we see long-term, secular growth and a service offering that is highly valued, backed by a strong combination of people, process and technology enablement.
We focus on the following areas:
Human Capital Management
Recurring Outsourced Services
Business information, data & analytics
Testing, Inspection and Certification (TIC)
Governance, Risk & Compliance (GRC)
Software is a fast-growing sector with significant opportunities to build market-leading international businesses. We focus on software models where companies benefit from the adoption and increased penetration of their end-markets and where we can help them achieve market leadership.
We look to identify companies with recurring revenues, sticky customer relationships and strong margins.
We focus on Enterprise and application software as well as Vertical software.
Attractive sub-sectors include:
Office of the CFO
Human capital and
From a local Dutch company to a European market leader with 2,300 stores and c.80,000 employees in 11 countries