Our approach to capital
We are a long-hold owner. Group profits are principally recycled into existing divisions and selective acquisitions. We do not operate a fund and are not subject to a redemption calendar, which shapes every decision we make.
What we acquire
Profitable mid-market businesses in or adjacent to our existing divisions, typically with an owner seeking succession rather than a competitive auction. We look for a defensible market position, a management team worth backing, and at least one operational lever a sister division can pull.
Co-investment and joint ventures
We partner on projects where a counterparty brings market access, an asset or a capability we do not hold. Structures are kept simple and governance is agreed before capital moves.
Reporting
Partners and co-investors receive quarterly reporting covering divisional performance, capital deployment and pipeline, prepared on a consistent basis across the group.
Starting a conversation
Write to our investor relations address. Serious enquiries receive a response from a member of the group board, not a form reply.